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Promissory Notes


Promissory note is a negotiable instrument written and issued by banks, promising to pay unconditionally a fixed amount of money to the payee or the holder at the sight of the instrument. Corporate and personal customers can use the promissory note to make various payments in the same exchange area of negotiable instruments.

Notes for business handling:

Promissory note specifies no fixed face amount and can be used for fund transfer, and can be used for cash withdrawal if it is marked “cash”. 

The time limit on the presentation for payment of a promissory note shall not exceed two months starting from the date of draft. 

Any company who is the applicant or the payee cannot apply for a cash promissory note. 

A promissory note may be endorsed, but the one marked with “cash” shall not be endorsed.