Do You Know – 3

We all know about the recently introduced e-way bill for transportation  of goods. But do you know about transportation of goods during Medieval period under Mughals.

Movements of good during those times was facilitated by a financial system called Hundis.

The Hundi was a letter of credit payable after a period of time at a discount. The Hundis often included insurance.

The Sarrafs or Shroffs specialised in  dealing with Hundis.

Thus, movement of money which was always a risky enterprise could be reduced.