DPN Full Form
DPN full form is Demand Promissory Note. In simple words it is a document taken by the bank when there is no fixed period for the repayment of loan.
with agreed rate of interest on demand. DPN compulsory be stamped as per Indian Stamps Act.
DPN limitation period is 3 years from the date of execution. It means within 3 years if loan not repaid the bank has to get fresh documents for extending the period.
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