We analyze invisible decay of neutrinos in the presence of oscillation and matter effects. The inclusion of decay can be accommodated by a non-Hermitian effective Hamiltonian, with the Hermitian component giving rise to oscillations, and the anti-Hermitian component leading to the invisible decay of neutrinos. We consider the possibility that the oscillation and decay matrix may not commute; in fact, in matter, they will invariably become non-commuting. This would lead to a mismatch between the effective mass eigenstates and the decay eigenstates. Employing a resummation of the Zassenhaus expansion, we develop a formalism for calculating the neutrino oscillation probabilities in the two-flavor scenario. This technique can easily be extended to three flavors.