The different types of Hundi used by traders in ancient times are as follows-

a. Dhani-jog Darshani: Its function was Payable to any person and there is no liability over who received payment.

b. Sah-jog Darshani: Its function was Payable to a specific person, someone ‘respectable’. Liability over who received payment.

c. Firman-jog Darshani: Here Hundi was made payable to order.

d. Dekhan-har Darshani: Its function was to Payable to the presenter or bearer.

e. Dhani-jog Muddati: It was Payable to any person and there was no liability over who received payment, but payment over a fixed term.

f. Firman-jog Muddati: Here Hundi was made payable to order following a fixed term

g.