Negotiable Instruments Act, 1881 · Chapter IV: Of Negotiation · O f p r e s e n t m e n t
Section 63: Drawee's time for deliberation
In plain words
If the drawee asks, the holder must allow them forty-eight hours, excluding public holidays, to decide whether to accept a bill.
A simplified explanation, prepared with AI assistance from the official text below and checked automatically against it for numbers and cross-references. The official text is the law and prevails over this summary. Not legal advice.
Official text
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: India Code (indiacode.gov.in), the consolidated text published by the Legislative Department, Government of India. Text as updated on India Code on 15 October 2026. Words in square brackets [ ] were inserted or substituted by later amending Acts, and *** marks words omitted by an amendment. The amendment footnotes are not reproduced here. Official text on India Code.
Supreme Court judgments citing the section 63
No Supreme Court judgment in our database cites this section yet.