The Negotiable Instruments Act, 1881
Section 22“Maturity” Days of grace
In force
Chapter II OF NOTES, BILLS AND CHEQUES
s. 22
22. “Maturity” Days of grace The maturity of a promissory note or bill of exchange is the date at which it falls due. 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.