A hundi or hundee is a financial instrument that was developed in Medieval India for use in trade and credit transactions. Hundis are used as a form of remittance instrument to transfer money from pla
A hundi for ₹2500 of 1951, stamped in the Bombay State with a pre-printed revenue stamp.
Government issued hundis included a watermark to prevent forgery.
Hawala or hewala, originating in India as havālā or huṇḍī, also known as ḥavâleh in Persian, and xawala or xawilaad in Somali, is a popular and informal value transfer system based on the performance
Hundi
…Remittances to India Hawala Informal value transfer system…