Hundies as MUSEUM

Hundies as MUSEUM

Hundies

Hundis refer to financial instruments evolved on the Indian sub-continent used in trade and credit transactions. They were used

  • as remittance instruments (to transfer funds from one place to another),
  • as credit instruments (to borrow money [IOUs]),
  • for trade transactions (as bills of exchange).

Technically, a Hundi is an unconditional order in writing made by a person directing another to pay a certain sum of money to a person named in the order. Hundis, being a part of the informal system have no legal status and are not covered under the Negotiable Instruments Act, 1881. Though normally regarded as bills of exchange, they were more often used as equivalents of cheques issued by indigenous bankers.

 

Hundis: Specimens

 
British India Hundi

 
British India Hundi

 
Bank Memo to a Hundi

 
Foreign Bill

 
Opium Hundi

 
Princely State Hundi

 
Others

A Representative Darshani Hundi. 

Early 20th Century

 

Nisani Hamare Gharu khate nam mandna.

Dastkhat Brijkishore Bhargava ke hundi likhe mujib sikar desi.

'SRI RAMJI

Sidh sri Patna subhastane chiranjeeva bhai Rikhabchand Bridhichan yog sri Jaipur se likhi Brijkishore Bhargava kee asis banchna, apranch hundi aik rupia 2,000 akshare rupia do hazar ke nime rupia aik hazar ka duna yahan rakha sah Sri Punamchandji Harakchandji pas miti Mangsir bad baras (12th) puga turat sah-jog rupia chalan ka dena. Sambat 1990, Miti Mangsir bad baras,

Rs.2,000

Neme Neme rupia panchsau ka chauguna pura do hazar kardejo.

'1' Chiranjeeva Rikhabchand Bridhichand, Patna.

Translation

Place it to the debit of our account.

Signature: Honour the Hundi written by Brijkishore Bhargava.

Greetings to Messrs. Rikhabchand Bridhichand, son of the fair city of Patna on whom the Hundi for Rs 2,000 (in words Rupees Two thousand only) is written by Brij Kishore Bhargava from Jaipur. Rupees one thousand if doubled make the sum of the hundi. The hundi has been drawn from here in favour of Messrs. Punamchand Harackchand on 12th Mangsir 1990, which please honour on presentation in the current money.

Rs.2,000

Four times of Rs. 500 make the sum of Rs. 2,000 for which the hundi is drawn.

 
Watermark on Hundis

 

Revenue Seals appearing on Hundis

 

 
British India

 
Embossed Seal: Queen Victoria

 
Embossed Seal: Queen Victoria

 
Adhesive Stamps used on Private Issues

 
Revenue form: Portrait of King Edward

 
Revenue Form: Ashoka Pillar

    www.rbi.org.in

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