Section 25: When day of maturity is a holiday

In plain words

If a note or bill matures on a public holiday, it is due on the business day before. Public holidays include Sundays and days notified by the Central Government.

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

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: *** and any other day declared by the [Central Government], by notification in the Official Gazette, to be a public holiday.

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 25

No Supreme Court judgment in our database cites this section yet.