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Hours for presentment

Section 65 of the Negotiable Instruments Act,1881.

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

The presentment must be made at a reasonable hour. Where the bill is payable at a bank presentment must be within banking hours. Business hours in India are between 10 am and 5pm on week days except on Saturday when it is between 10 am and 3pm. These business hours vary according to the place, custom or usage of trade in the place where the instrument is to be presented and paid , and presentment must be made within the hours limited by such custom or usage Where there is no such usage or custom, the usual hours of business shall regulate the presentment. Presentment for payment to be valid must be within the time set forth above, though, for the purpose of acceptance after sight, presentment may be made during unusual hours of business.

Banking hours: Banking-hours in India are from 10 am to 3 pm on week days except on Saturday when it is from 10 am to 1 pm. A banker is not bound to pay after the banking hours. But payment a little after the closing hour of the bank of a cheque issued at a time when it could not be presented before the closing hour is not bad. Presentment not made during the usual hours of business, or during the banking hours, is a mere nullity and discharges the indorser and other parties to the bill from liabilty to the holder whose negligence is the cause of such presentment.