7 Most Important Difference between a bill of exchange and a Hundi are listed below:1. Bills of exchange are instruments which are generally drawn up in the English language, whereas Hundis are bills of exchange or promissory notes drawn up in an oriental language.2. Bills of exchange are governed by the provisions of the Negotiable Instruments Act. Hundis are governed, as a rule, not by the Act, but by local usages and customs of trade. The Act applies only in the absence of local usage or custom, or when expressly made applicable, by a writing to that effect, on the hundi. ADVERTISEMENTS: 3. Acceptance by the drawee is written on the bill of exchange. As a rule, acceptance on the hundi is not written, but only the particulars of the…