Free Bill of Exchange Format
A clear template for this negotiable instrument used in trade credit.
Your Business
City · GSTIN 00ABCDE0000F0Z0
BILL OF EXCHANGE
To
Customer Name
City, State
No. 001
Date 23 Jun 2026
Item
Qty
Rate
Amt
Product / Service A
2
1,500
3,000
Product / Service B
1
2,000
2,000
Subtotal₹5,000
GST 18%₹900
Total₹5,900
What is a bill of exchange?
A bill of exchange is a written, signed order by which one party (the drawer) directs another (the drawee) to pay a fixed sum to a third party (the payee) on demand or on a future date. It is widely used in trade to formalise credit.
Try the free generator →What to include
- Place & date of drawing
- Amount (figures & words)
- Drawer, drawee & payee names
- Tenure / due date (sight or usance)
- 'Accepted' signature of drawee
- Stamp as per value
- Drawer's signature
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Bill of Exchange Format FAQs
What is a bill of exchange?▾
A written order binding one party to pay a fixed sum to another on demand or at a set future date.
Who are the parties to a bill of exchange?▾
The drawer (who makes it), the drawee (who must pay) and the payee (who receives payment).
How is it different from a promissory note?▾
A bill of exchange is an order to pay made by the creditor; a promissory note is a promise to pay made by the debtor.
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