Interest Rates

Tamasuk in Nepal 2026: Promissory Note Format & Enforcement

Tamasuk in Nepal — the traditional handwritten promissory note governed by the Muluki Civil Code 2074 transaction chapter (Sections 474 to 492). Covers format, witness rules, ward-office attestation, interest cap, ten-year limitation period under Section 484, recovery suit before the District Court, and the difference between a tamasuk and a Negotiable Instruments Act 2034 promissory note. Updated April 2026.