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Negotiable Instruments Act, 1881

Section 24, NI Act: Calculating maturity of bill or note payable so many days after date or sight

Pundora · Published 3 October 2026

Section 24 of the Negotiable Instruments Act, 1881, in the Act's own words.

The section

24. Calculating maturity of bill or note payable so many days after date or sight.

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.

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 24 (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.