Negotiable Instruments Act, 1881 — section 25

25. When day of maturity is a holiday. 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” shall mean the day or days declared by the 1 Federal Government, by notification in the official Gazette, to be public holidays.] CHAPTER III PARTIES TO NOTES, BILL AND CHEQUES