Question

The hundi payable at sight is called Darshani hundi.

• A. True
• B. False

Answer 1

The correct option is A True

A hundi payable at sight is called darshani hundi. It is negotiable and is like a demand bill. It may be sold at par or at premium or at discount. A darshani hundi should be presented for payment within a reasonable time of its receipt by the holder.