law: Negotiable Instruments Act, 1881 
  67. Presentment for payment of promissory note payable by
  
  installments 
  A promissory note payable by installments must be presented for
  
  payment on the third day after the date fixed for payment of each installment;
  
  and non-payment on such presentment has the same effect as non-payment of a
  
  note at maturity.