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The Promissory Note With Notary is a crucial financial instrument in Indian business and personal transactions, governed by the Negotiable Instruments Act, 1881, and the Notaries Act, 1952. It is commonly used when there is a need for a formal, legally robust documentation of a promise to pay, particularly in situations involving substantial amounts or where additional security is desired. The document must contain an unconditional promise to pay, specific payment terms, and be properly executed before a notary public. It's particularly valuable in lending transactions, business dealings, and situations requiring clear evidence of debt. The notarization adds a layer of authenticity and helps prevent fraud by having an official witness to the execution of the document.

1. Date and Place of Execution: Specific date and location where the promissory note is executed

2. Maker's Details: Full legal name, address, and identification details of the person making the promise to pay

3. Payee's Details: Full legal name, address, and identification details of the person to whom payment is to be made

4. Promise to Pay: Unconditional promise to pay a specific sum with clear payment terms

5. Amount: The principal amount in both figures and words

6. Interest Rate: Specified rate of interest, if any, and calculation method

7. Payment Terms: Due date or schedule of payments, including place of payment

8. Maker's Signature: Space for signature of the person making the promise

9. Witness Details: Names, addresses, and signatures of witnesses

10. Notarial Declaration: Official notary statement and certification