Negotiable Instruments Act, 1881 · Chapter IV: Of Negotiation · O f p r e s e n t m e n t
Section 67: Presentment for payment of promissory note payable by instalments
In plain words
A promissory note payable by instalments must be presented for payment on the third day after the date fixed for each instalment. Non-payment then has the same effect as non-payment of a note at maturity.
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
A promissory note payable by instalments must be presented for payment on the third day after the date fixed for payment of each instalment; and non-payment on such presentment has the same effect as non-payment of a note at maturity.
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 67
No Supreme Court judgment in our database cites this section yet.