A new series of Zn(II) macrocyclic complexes has been synthesized by the reaction of Schiff bases (derived from dihydrazides and benzil/phthalaldehyde) in the presence of zinc(II) acetate dihydrate in ethanol. The complexes have been characterized by means of elemental and spectral (IR, 1 H and 13 C NMR) and SEM analysis. The kinetic studies were done to study the catalytic properties of these complexes towards the hydrolysis of p-nitrophenylacetate (pNPA) at 25°C in aqueous dimethylsulphoxide using phosphate buffer (pH = 7.0-8.5). During the reaction, absorbance of p-nitrophenolate increases with increase in time (i.e., increase of p-nitrophenolate concentration) which give information about the reaction progress i.e., ester hydrolysis. On the basis of these results, a plausible mechanism for the hydrolysis of pNPA is proposed. It is observed that coordinated water molecule might be serving as a good nucleophile that effectively catalyzes pNPA hydrolysis. Therefore, this type of complexes can be used as hydrolytic model enzymes.