VidhiSangh

Negotiable Instruments Act, 1881

Section 25: When day of maturity is a holiday

Chapter II — Of Notes, Bills and Cheques

25. 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 [Central Government], by notification in the Official Gazette, to be a public holiday.

Source: official text of the Negotiable Instruments Act, 1881.