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Negotiable Instruments Act, 1881

Section 22, NI Act: ''Maturity''

Pundora · Published 3 October 2026

Section 22 of the Negotiable Instruments Act, 1881, in the Act's own words.

The section

22. ''Maturity''.

The maturity of a promissory note or bill of exchange is the date at which it falls due. Days of grace.--Every promissory note or bill of exchange which is not expressed to be payable on demand, at sight or on presentment is at maturity on the third day after the day on which it is expressed to be payable.

The text is India Code's consolidated text as loaded into Pundora's statute corpus on 1 September 2026. A section quoted in a draft checked by Pundora is checked against this text.

Sources

  1. India Code: Negotiable Instruments Act, 1881, section 22 (read 1 September 2026)

The Act's own words, from India Code. If the text here differs from the Gazette, the Gazette governs; write to contact@pundora.in and it will be corrected and dated.