Negotiable Instruments Act Section 19 — Instruments payable on demand
CHAPTER II OF NOTES, BILLSAND CHEQUES
General
Summary
A promissory note or bill of exchange is payable on demand if it does not state a specific time for payment. A cheque is also always payable on demand. In simple terms, this means the money must be paid as soon as it is asked for, without any waiting period.
Official Text
A promissory note or bill of exchange, in which no time for payment is specified, and a cheque, are payable on demand.