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