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Introducing the βIn Favour Ofβ filter in Case Laws.
Try it now in Case Laws β


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<h1>Promissory Note Maturity: Due Date Plus Three Days of Grace Under Negotiable Instruments Act, 1881</h1> The maturity of a promissory note or bill of exchange under the Negotiable Instruments Act, 1881, is defined as the date it becomes due for payment. For notes or bills not payable on demand, at sight, or on presentment, maturity occurs on the third day after the specified due date, known as the days of grace.