Amendment status not verified — confirm the current text below against the official source.
PROMISSORY NOTE [as defined by section 2(22)- (a) when payable on demand (i) when the amount or value does not exceed Rs. 250; (ii) when the amount or value exceeds Rs. 250 but does not exceed Rs. 1,000 ; (iii) in any other case. (b) when payable otherwise than on demand.