Acknowledgment of Part Payment of a Debt (India)
Updated 16 July 2026
This simple form allows a debtor to formally acknowledge a partial payment made towards an existing debt. It includes specific fields to record the payment amount, the total debt owed, and references the original promissory note.
ACKNOWLEDGMENT OF PART PAYMENT OF A DEBT
Date:__________
I (Name)___________________,
S/o. Sh.________________________________
hereby acknowledge that I have paid Rs_________Rupees in words_____________________________________________________________________) in part payment of the debt of Rs._________ (Rupees in words __________________________________________________________________________________) borrowed by me from Sh.____________________________________
S/o Sh.____________________
R/o ___________________________
on a pronote executed by me in his favour on
(Date) _________.
(Signature)
About this template
What is this template?
Acknowledgment of Part Payment of a Debt (India) is a free, ready-to-use Banking and finance template you can open, customize, and download on GitLaw. It gives you a professionally structured starting point, so you never have to draft from a blank page. The wording is plain and modern, organized into clear sections that are easy to read, edit, and adapt to your own situation before you share or sign it.
When should you use it?
Reach for this Banking and finance template whenever you need a reliable agreement quickly and want to be sure the essentials are covered. It suits individuals, freelancers, startups, and established businesses alike. Instead of paying for a document drafted from scratch, you can start here, tailor the details to your arrangement, and have a polished draft ready in minutes. This version is drafted with India in mind, though you should always review the final wording against the laws that apply to you.
What's typically included?
A well-drafted Banking and finance usually sets out the parties involved, the scope of the agreement, and each side's rights and responsibilities. Expect sections covering key terms and definitions, how long the agreement lasts, how it can be ended, and what happens if something goes wrong. This template brings those building blocks together in a sensible order, so you can focus on the specifics rather than worrying about what to include. Open it to read the full document, then sign up to edit, negotiate, and e-sign it directly in GitLaw.