Difference between Promissory Note and Bill of Exchange

Promissory Note	Bill of Exchange
01. It is promise to pay.	01. It is an order to pay.
02. There are two parties i.e. the Maker and the Payee.	02. Primarily there are 3 (three) parties, i.e. Drawer, the Drawee and Payee.
03. The liability of the maker is primary.	03. The liability of the maker/drawer is secondary.
04. A promissory note is not drawn in sets.	04. A bill of exchange may be drawn in sets.
05. There is no need to present it for acceptance.	05. A bill of exchange payable after sight requires acceptance.
06. A promissory note can not be made payable to the maker himself.	06. A bill of exchange can be made payable to self.