Section 65 NI Act: Hours for presentment

Negotiable Instruments Act, 1881

Section 65 NI Act at a Glance

Section 65 NI Act requires presentment for payment to be made during the usual hours of business, and if the presentment is made at a banker's, within banking hours.

Section 65 NI Act Bare Act Text

65. Hours for presentment.

Presentment for payment must be made during the usual hours of business and, if at a banker's within banking hours.

Section 65 NI Act in Simple Words

Section 65 NI Act sets the time of day during which a negotiable instrument must be presented for payment.

Under Section 65 NI Act, any presentment for payment must be made during the usual hours of business. Where the presentment for payment is made at a banker's, the instrument must be presented within banking hours.

When Section 65 NI Act Applies

  • The instrument is being presented for payment.
  • The presentment must be made during the usual hours of business.
  • If the presentment is made at a banker's, it must be made within banking hours.

Example of Section 65 NI Act

Amit holds a promissory note for ₹40,000 made by Rohan, who runs a shop in Gwalior. To present the note for payment in compliance with Section 65 NI Act, Amit must present it during the usual hours of business. If the instrument is payable at a banker's in Gwalior, Amit must present it for payment within banking hours.

FAQs on Section 65 NI Act

What is Section 65 NI Act?▼

Section 65 NI Act states the hours during which a negotiable instrument must be presented for payment. It requires presentment for payment to be made during the usual hours of business, and within banking hours if made at a banker's.

During what hours must presentment for payment be made under Section 65 NI Act?▼

During the usual hours of business, and if the presentment is at a banker's, within banking hours.

What hours apply under Section 65 NI Act when an instrument is presented for payment at a bank?▼

Banking hours. Section 65 NI Act requires presentment at a banker's to be made within banking hours.

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Disclaimer: This is for informational purposes only. Always consult a qualified advocate for legal advice.

Sources: Bare Act Text, Negotiable Instruments Act, 1881 (India Code) ·