or miadi hundi is payable after a specified period of time. This is similar to a time bill. There are few other varieties; the Nam-jog hundi, Dhani-jog hundi, Jawabee hundi, Jokhami hundi, Firman-jog hundi, etc. Nam-jog hundi - such a hundi is payable only to the person whose name is mentioned on the Hundi. Such a hundi cannot be endorsed in favour of any other person and is akin to a bill on which a restrictive endorsement has been made. Furman-jog Hundi - such a hundi can be paid either to the person whose name is mentioned in the hundi or to any person so ordered by him. Such a hundi is similar to a cheque payable on order and no endorsement is required on such a hundi. Dhani-jog Hundi - when the hundi is payable to the holder or bearer, it is known as a dhani jog hundi. It is similar to an instrument payable to bearer. Jokhim-Hundi - normally a hundi is unconditional but a jokhim hundi is conditional in the sense that the drawer promises to pay the amount of the hundi only on the satisfaction of a certain condition. Such a hundi is not negotiable, and the prevalence of such hundis is very rare these days because banks and insurance companies refuse to accept such hundis. Jawabi Hundi - if money is transferred from one place to another through the hundi and the person receiving the payment on is to give an acknowledgement (jawab) for same, then such a hundi is known as a Jawabi Hundi. Khaka Hundi - a hundi which has already been paid is known as a Khaka Hundi. Khoti Hundi - In case there is any kind of defect in the hundi or in case the hundi has been forged, then such a hundi is known as a khoti hundi. See also Remittance related Global ranking of remittance by nations Remittances to India Hawala Informal value transfer system FATF Indian economy related Economy of India Economic history of India Business process outsourcing to India Foreign trade of India List of exports of India Largest trading partners of India Factors influencing remittances to India Indian diaspora Greater India Indosphere Others Negotiable Instruments Act, 1881 Correspondent account References Further reading An economic history of Hundi, 1858-1978. PhD thesis, Marina Martin, 2012, London School of Economics and Political Science. Archived here. External links Nagarattars Business