NI Act Section 62: Presentment of promissory note for sight
Negotiable Instruments Act, 1881 · Chapter 5: Of presentment
Also available in: हिंदी
¶A promissory note, payable at a certain period after sight, must be presented to the maker thereof for sight (if he can after reasonable search be found) by a person entitled to demand payment, within a reasonable time after it is made and in business hours on a business day. In default of such presentment, no party thereto is liable thereon to the person making such default.
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 The historical schedule and section 2 are repealed.Read the original schedule and amendment notes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
- 61. Presentment for acceptance
- 63. Drawee's time for deliberation
- 64. Presentment for payment
- 65. Hours for presentment
- 66. Presentment for payment of instrument payable after date or sight
- 67. Presentment for payment of promissory note payable by instalments
- 68. Presentment for payment of instrument payable at specified place and not elsewhere
- 69. Instrument payable at specified place
- 70. Presentment where no exclusive place specified
- 71. Presentment when maker, etc., has no known place of business or residence
- 72. Presentment of cheque to charge drawer
- 73. Presentment of cheque to charge any other person
- 74. Presentment of instrument payable on demand
- 75. Presentment by or to agent, representative of deceased, or assignee of insolvent
- 75A. Excuse for delay in presentment for acceptance or payment
- 76. When presentment unnecessary
- 77. Liability of banker for negligently dealing with bill presented for payment