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Negotiable Instruments Act, 1881

Section 25, NI Act: When day of maturity is a holiday

Pundora · Published 3 October 2026

Section 25 of the Negotiable Instruments Act, 1881, in the Act's own words.

The section

25. When day of maturity is a holiday.

When the day on which a promissory note or bill of exchange is at maturity is a public holiday, the instrument shall be deemed to be due on the next preceding, business day. Explanation.-- The expression "public holiday" includes Sundays: 1*** and any other day declared by the 2[Central Government], by notification in the Official Gazette, to be a public holiday.

The text is India Code's consolidated text as loaded into Pundora's statute corpus on 1 September 2026; a number before a square bracket is India Code's own footnote marker for an amendment. A section quoted in a draft checked by Pundora is checked against this text.

Sources

  1. India Code: Negotiable Instruments Act, 1881, section 25 (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.