{"id":11703,"date":"2024-11-26T10:04:34","date_gmt":"2024-11-26T04:34:34","guid":{"rendered":"https:\/\/razorpay.com\/blog\/?p=11703"},"modified":"2024-11-27T15:07:01","modified_gmt":"2024-11-27T09:37:01","slug":"bill-of-exchange","status":"publish","type":"post","link":"https:\/\/razorpay.com\/blog\/business-banking\/bill-of-exchange\/","title":{"rendered":"Bill of Exchange: Features, Types and Examples"},"content":{"rendered":"<p>Today, most trade happens on a credit basis &#8211; cash rarely exchanges hands without a bill of exchange. Most, if not all trade in the world balances on promises &#8211; the buyer promising to pay the seller at a later date.<\/p>\n<p>A bill of exchange is the written form of this promise &#8211; and one of the most important instruments in both international and domestic trade. Let&#8217;s understand how a bill of exchange works, and more.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_80 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-69d0677e9dc7b\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-69d0677e9dc7b\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/razorpay.com\/blog\/business-banking\/bill-of-exchange\/#What_is_a_Bill_of_Exchange\" >What is a Bill of Exchange?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/razorpay.com\/blog\/business-banking\/bill-of-exchange\/#How_does_a_Bill_of_Exchange_work\" >How does a Bill of Exchange work?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/razorpay.com\/blog\/business-banking\/bill-of-exchange\/#Sample_Bill_of_Exchange\" >Sample Bill of Exchange<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/razorpay.com\/blog\/business-banking\/bill-of-exchange\/#Format_of_Bill_of_Exchange\" >Format of Bill of Exchange<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/razorpay.com\/blog\/business-banking\/bill-of-exchange\/#Features_of_Bill_of_Exchange\" >Features of Bill of Exchange<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/razorpay.com\/blog\/business-banking\/bill-of-exchange\/#Bill_of_Exchange_in_International_Trade\" >Bill of Exchange in International Trade<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/razorpay.com\/blog\/business-banking\/bill-of-exchange\/#Endorsement_of_Bill_of_Exchange\" >Endorsement of Bill of Exchange<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/razorpay.com\/blog\/business-banking\/bill-of-exchange\/#Promissory_Note_vs_Letter_of_Credit_vs_Bill_of_Exchange\" >Promissory Note vs Letter of Credit vs Bill of Exchange<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/razorpay.com\/blog\/business-banking\/bill-of-exchange\/#Types_of_Bill_of_Exchange\" >Types of Bill of Exchange<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/razorpay.com\/blog\/business-banking\/bill-of-exchange\/#Bill_of_Exchange_Terms\" >Bill of Exchange Terms<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/razorpay.com\/blog\/business-banking\/bill-of-exchange\/#Frequently_Asked_Questions\" >Frequently Asked Questions<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"What_is_a_Bill_of_Exchange\"><\/span><strong>What is a Bill of Exchange?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">A bill of exchange is a written order from a drawer instructing a drawee to pay a specified amount of money at a specific date.\u00a0<\/span>Simply put, a bill of exchange is a note that tells someone to pay a certain amount of money at a later date.<\/p>\n<p>Bill of exchange in India is defined by the Negotiable Instruments Act of 1881. Under this act, bill of exchange is defined as &#8220;an instrument in writing containing an unconditional order, signed by the maker, directing a certain person to pay a certain sum of money only to, or to the order of, a certain person or to the bearer of the instrument.&#8221;<\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_does_a_Bill_of_Exchange_work\"><\/span><strong>How does a Bill of Exchange work?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>A bill of exchange can be drawn between two or three parties.<\/p>\n<ul>\n<li><strong>Drawee:<\/strong> the party required to pay the money<\/li>\n<li><strong>Drawer:\u00a0<\/strong>the maker of the bill of exchange<\/li>\n<li><strong>Payee:\u00a0<\/strong>the party that receives the money<\/li>\n<\/ul>\n<p>Why is there a distinction between the party making the bill of exchange and the party receiving the money? In some cases, the party that drew up the bill might transfer the bill of exchange to a third party, in a transaction called an endorsement.<\/p>\n<p>Otherwise, the drawer and the payee are the same party &#8211; the party that drew up the bill of exchange and stands to receive the money from the drawee.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Sample_Bill_of_Exchange\"><\/span>Sample Bill of Exchange<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Here&#8217;s a sample bill of exchange drawn up for the sum of Rs 20 lakhs on the 15th of August. This bill of exchange matures three months after the 15th of August &#8211; on the 15th of November, 2023.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-13442 aligncenter\" src=\"https:\/\/d6xcmfyh68wv8.cloudfront.net\/blog-content\/uploads\/2023\/04\/bill-of-exchange-format-1.png\" alt=\"bill of exchange\" width=\"2980\" height=\"1620\" srcset=\"https:\/\/blog.razorpay.in\/wp-content\/uploads\/2023\/04\/bill-of-exchange-format-1.png 2980w, https:\/\/blog.razorpay.in\/wp-content\/uploads\/2023\/04\/bill-of-exchange-format-1-300x163.png 300w, https:\/\/blog.razorpay.in\/wp-content\/uploads\/2023\/04\/bill-of-exchange-format-1-1024x557.png 1024w, https:\/\/blog.razorpay.in\/wp-content\/uploads\/2023\/04\/bill-of-exchange-format-1-768x418.png 768w, https:\/\/blog.razorpay.in\/wp-content\/uploads\/2023\/04\/bill-of-exchange-format-1-1536x835.png 1536w, https:\/\/blog.razorpay.in\/wp-content\/uploads\/2023\/04\/bill-of-exchange-format-1-2048x1113.png 2048w\" sizes=\"auto, (max-width: 2980px) 100vw, 2980px\" \/><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Format_of_Bill_of_Exchange\"><\/span><strong>Format of Bill of Exchange<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Here is the information that a bill of exchange should have:<\/p>\n<ol>\n<li><strong>Name and address of drawer<\/strong><\/li>\n<li><strong>Name and address of drawee<\/strong><\/li>\n<li><strong>Amount of money to be paid<\/strong><\/li>\n<li><strong>Date of transaction<\/strong><\/li>\n<li><strong>Date of maturity<\/strong><\/li>\n<li><strong>Signatures of both parties to authorize the transaction<\/strong><\/li>\n<\/ol>\n<h2><span class=\"ez-toc-section\" id=\"Features_of_Bill_of_Exchange\"><\/span>Features of Bill of Exchange<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li>Bill of exchange must be in writing and is legally binding<\/li>\n<li><span style=\"font-size: 19px;\">It can be drawn in any currency and is usually settled in the currency of the country in which it was issued. <\/span><\/li>\n<li>It is transferable and can be endorsed to another party.\u00a0 <span style=\"font-weight: 400;\">It also serves as a guarantee of payment and is usually accompanied by a promissory note. <\/span><\/li>\n<li>If it is not paid on the due date, the holder can take legal action to enforce the payment.<\/li>\n<li>The bill must be signed by both drawee and drawer.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Bill_of_Exchange_in_International_Trade\"><\/span>Bill of Exchange in International Trade<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The terms of transactions in international trade can be quite complicated since there are multiple currencies and multiple parties involved &#8211; not to mention differences in legal regulations and time zones.<\/p>\n<p>In these cases, a bill of exchange becomes very important. The exporter or the seller writes a bill of exchange to the importer, or the buyer. The bill can then be guaranteed by a bank, which becomes a third-party payee.<\/p>\n<p>If the importer dishonours the bill and fails to make the payment on the due date, the payee is then liable to make the payment to the exporter.<\/p>\n<p><strong>Learn more:<a href=\"https:\/\/razorpay.com\/x\/forex\/?r=blog_cta_business_banking_bill_of_exchange&amp;utm_source=blog&amp;utm_medium=cta\"> How to bring foreign capital to India with RazorpayX Forex<\/a><\/strong><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Endorsement_of_Bill_of_Exchange\"><\/span>Endorsement of Bill of Exchange<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Bills of exchange are transferable between parties. This process is called endorsement and helps reduce risk to both parties in case of failure of payment.<\/p>\n<p>Endorsement of a bill of exchange is the process by which the drawer of the bill transfers their rights to receive payment under the bill to another party. This endorsement is a critical aspect of negotiability for bills of exchange, allowing them to function as a form of payment and credit instrument in business transactions.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Promissory_Note_vs_Letter_of_Credit_vs_Bill_of_Exchange\"><\/span>Promissory Note vs Letter of Credit vs Bill of Exchange<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<tbody>\n<tr>\n<th>Feature<\/th>\n<th>Promissory Note<\/th>\n<th>Letter of Credit<\/th>\n<th>Bill of Exchange<\/th>\n<\/tr>\n<tr>\n<td>Definition<\/td>\n<td>A written promise by one party (maker) to pay a specified amount to another party (payee) on a specific date or on demand.<\/td>\n<td>A financial document issued by a bank on behalf of a buyer to a seller, guaranteeing payment to the seller upon meeting conditions specified in the document.<\/td>\n<td>An unconditional order in writing, issued by a seller (drawer) to a buyer (drawee) to pay a specified amount to a payee (seller) on a future date or on demand.<\/td>\n<\/tr>\n<tr>\n<td>Parties Involved<\/td>\n<td>Maker (borrower) and Payee (lender)<\/td>\n<td>Buyer, Seller, and Issuing Bank<\/td>\n<td>Drawer (seller), Drawee (buyer), and Payee (seller)<\/td>\n<\/tr>\n<tr>\n<td>Payment Assurance<\/td>\n<td>Based on trust and relationship between parties.<\/td>\n<td>Ensures payment to seller if terms met; minimizes buyer&#8217;s risk.<\/td>\n<td>Payment may or may not be assured depending on acceptance and financial standing.<\/td>\n<\/tr>\n<tr>\n<td>Payment Date<\/td>\n<td>Specified maturity date or on-demand.<\/td>\n<td>Payment due upon meeting conditions.<\/td>\n<td>Specified due date or on-demand.<\/td>\n<\/tr>\n<tr>\n<td>Usage<\/td>\n<td>Often used in informal lending situations.<\/td>\n<td>Commonly used in international trade to facilitate secure transactions.<\/td>\n<td>Widely used in domestic and international trade for payment.<\/td>\n<\/tr>\n<tr>\n<td>Negotiability<\/td>\n<td>Can be negotiable or non-negotiable, depending on terms.<\/td>\n<td>Non-negotiable, only parties involved can use it.<\/td>\n<td>Can be negotiable or non-negotiable, depending on terms.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2><span class=\"ez-toc-section\" id=\"Types_of_Bill_of_Exchange\"><\/span><strong>Types of Bill of Exchange<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><strong style=\"font-size: 19px; color: rgba(0, 0, 0, 0.74);\">Sight Bill of Exchange<\/strong><\/h3>\n<p><span style=\"font-size: 19px; font-weight: 400; color: rgba(0, 0, 0, 0.74);\">Payable on demand or on a set date after the bill is presented.\u00a0<\/span><\/p>\n<h3><span style=\"font-weight: 400;\"><strong> Time Bill of Exchange<\/strong><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Payable on a set date and not on demand.\u00a0<\/span><\/p>\n<h3><span style=\"font-weight: 400;\"><strong> Usance Bill of Exchange<\/strong><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Payable after a set period of time, typically several months.\u00a0<\/span><\/p>\n<h3><span style=\"font-weight: 400;\"><strong> Trade Acceptance Bill of Exchange<\/strong><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Used in international trade and is generally accepted by the seller of goods to the purchaser.\u00a0<\/span><\/p>\n<h3><span style=\"font-weight: 400;\"><strong> Accommodation Bill of Exchange<\/strong><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Created for the purpose of providing financial accommodation to a third party such as a family member or friend.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Bill_of_Exchange_Terms\"><\/span>Bill of Exchange Terms<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Let&#8217;s have a look at the important bill of exchange terms.<\/p>\n<div class=\"group w-full text-gray-800 dark:text-gray-100 border-b border-black\/10 dark:border-gray-900\/50 bg-gray-50 dark:bg-[#444654]\">\n<div class=\"text-base gap-4 md:gap-6 md:max-w-2xl lg:max-w-xl xl:max-w-3xl p-4 md:py-6 flex lg:px-0 m-auto\">\n<div class=\"relative flex w-[calc(100%-50px)] flex-col gap-1 md:gap-3 lg:w-[calc(100%-115px)]\">\n<div class=\"flex flex-grow flex-col gap-3\">\n<div class=\"min-h-[20px] flex flex-col items-start gap-4 whitespace-pre-wrap break-words\">\n<div class=\"markdown prose w-full break-words dark:prose-invert light\">\n<ul>\n<li><strong>Drawer:<\/strong> The person who issues or creates the bill of exchange.<\/li>\n<li><strong>Drawee:<\/strong> The person or entity who is ordered to pay the amount specified in the bill of exchange.<\/li>\n<li><strong>Payee:<\/strong> The person or entity to whom the payment is to be made.<\/li>\n<li><strong>Acceptance:<\/strong> The act by the drawee of agreeing to pay the amount specified in the bill of exchange.<\/li>\n<li><strong>Endorsement:<\/strong> The act of transferring the ownership of the bill of exchange to another person or entity.<\/li>\n<li><strong>Due date:<\/strong> The date on which the payment is due to the payee.<\/li>\n<li><strong>Maturity date:<\/strong> The date on which the payment becomes due and payable.<\/li>\n<li><strong>Discounting:<\/strong> The process of selling the bill of exchange to a bank or financial institution at a discounted price.<\/li>\n<li><strong>Bill of exchange amount<\/strong>: The amount of money specified in the bill of exchange.<\/li>\n<li><strong>Noting:<\/strong> The act of recording any protest or dishonour of the bill of exchange by the drawee or payee.<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<p>Exploring bill of exchange for trade transactions? You might need an escrow account. Click below to speak with an escrow expert to get started with the safest, most seamless escrow account on the market.<\/p>\n<\/div>\n<div class=\"flex flex-grow flex-col gap-3\">\n<div class=\"min-h-[20px] flex flex-col items-start gap-4 whitespace-pre-wrap break-words\">\n<div class=\"markdown prose w-full break-words dark:prose-invert light\">\n<p style=\"text-align: center;\"><a style=\"border-radius: 3px; background: #528FF0; padding: 15px; font-weight: 600; cursor: pointer; text-decoration: none; color: white;\" href=\"https:\/\/razorpay.com\/x\/escrow-accounts\/?r=blog_cta_business_banking_bill_of_exchange&amp;utm_source=blog&amp;utm_medium=cta\" target=\"_blank\" rel=\"noopener\">Speak with our Escrow Experts<\/a><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<h2><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions\"><\/span>Frequently Asked Questions<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<div id=\"rank-math-rich-snippet-wrapper\"><div id=\"rank-math-faq\" class=\"rank-math-block\">\n<div class=\"rank-math-list \">\n<div id=\"faq-1\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \">What is a bill of exchange? <\/h3>\n<div class=\"rank-math-answer \">\n\n<p>A bill of exchange is a written order from one person (the drawer) to another person (the drawee) to pay a specified sum of money to a third person (the payee) at a specified date or on demand. <\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-2\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \">What are the parties involved in a bill of exchange? <\/h3>\n<div class=\"rank-math-answer \">\n\n<p>The parties involved in a bill of exchange are the drawer (the issuer), the drawee (the person\/entity to whom the bill is addressed), and the payee (the person\/entity to whom the payment is to be made). <\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-3\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \">What are the different types of bills of exchange? <\/h3>\n<div class=\"rank-math-answer \">\n\n<p>The different types of bills of exchange are demand bills, sight bills, time bills, usance bills and acceptance bills.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-4\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \">What are the legal implications of bills of exchange? <\/h3>\n<div class=\"rank-math-answer \">\n\n<p>The legal implications of bills of exchange depend on the jurisdiction in which the bill is issued and the laws governing it. Generally, a bill of exchange creates a legally binding obligation between the parties involved, and the drawee is obligated to make the payment to the payee as specified in the bill. <\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-5\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \">What is an acceptance bill? <\/h3>\n<div class=\"rank-math-answer \">\n\n<p>An acceptance bill is a type of bill of exchange in which the drawee acknowledges the payment obligation and agrees to pay the bill at a specified date.<\/p>\n\n<\/div>\n<\/div>\n<\/div>\n<\/div><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Today, most trade happens on a credit basis &#8211; cash rarely exchanges hands without a bill of exchange. Most, if not all trade in the world balances on promises &#8211; the buyer promising to pay the seller at a later date. A bill of exchange is the written form of this promise &#8211; and one<\/p>\n","protected":false},"author":106,"featured_media":11783,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[27],"tags":[520],"class_list":{"0":"post-11703","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business-banking","8":"tag-bill-of-exchange"},"_links":{"self":[{"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/posts\/11703","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/users\/106"}],"replies":[{"embeddable":true,"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/comments?post=11703"}],"version-history":[{"count":2,"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/posts\/11703\/revisions"}],"predecessor-version":[{"id":19211,"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/posts\/11703\/revisions\/19211"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/media\/11783"}],"wp:attachment":[{"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/media?parent=11703"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/categories?post=11703"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/tags?post=11703"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}