NI Act Section 24: Calculating maturity of bill or note payable so many days after date or sight
Negotiable Instruments Act, 1881 · Chapter 2: Of notes, bills and cheques
Also available in: हिंदी
¶In calculating the date at which a promissory note or bill of exchange made payable a certain number of days after date or after sight or after a certain event is at maturity, the day of the date, or of presentment for acceptance or sight, or of protest for non-acceptance, or on which the event happens, shall be excluded.
Official reference: India Code, Government of India — official section HTML — source review: 5 October 2026.Recorded edition / snapshot date: 2026-10-05.Banaka reference transcription of the official HTML snapshot; not an official or certified edition. Source wording and amendment brackets are retained; layout and footnote callouts are omitted. The recorded date is the review snapshot, not a separately dated consolidation. Hindi guides are original explanations. Read the source amendment notes and current judicial interpretation alongside the text. The historical schedule and section 2 are repealed.Read the original schedule and amendment notes
This text is for reference, not legal advice. Consult the official source for the authoritative text.
Other sections in this chapter
- 4. ''Promissory note''
- 5. ''Bill of exchange''
- 6. ''Cheque''
- 7. ''Drawer.''
- 8. ''Holder''
- 9. ''Holder in due course''
- 10. ''Payment in due course''
- 11. Inland instrument
- 12. Foreign instrument
- 13. ''Negotiable instrument''
- 14. Negotiation
- 15. Indorsement
- 16. Indorsement ''in blank'' and ''in full''
- 17. Ambiguous instruments
- 18. Where amount is stated differently in figures and words
- 19. Instruments payable on demand
- 20. Inchoate stamped instruments
- 21. ''At sight''
- 22. ''Maturity''
- 23. Calculating maturity of bill or note payable so many months after date or sight
- 25. When day of maturity is a holiday