What are the disadvantage of sending remittance through Hundi? Write any two.

Question

asked Dec 14, 2021 104k views

1 Answer

Flazzarini · Answer 1 · 2021-12-18T05:05:02+0000

Answer:

Hundi is an informal system of remittance that is illegal as the money exchange takes place outside the banking channels.

Hundi as a financial instrument is not treated as a negotiable instrument.