VidhiSangh

Negotiable Instruments Act, 1881

Section 63: Drawee’s time for deliberation

Chapter V — Of Presentment

63. The holder must, if so required by the drawee of a bill of exchange presented to him for acceptance, allow the drawee [forty-eight] hours (exclusive of public holidays) to consider whether he will accept it.

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