Bare ActsThe Negotiable Instruments Act, 1881

Section 85A

Drafts drawn by one branch of a bank on another payable to order.

Amendment status not verified — confirm the current text below against the official source.

1 [85A. Drafts drawn by one branch of a bank on another payable to order.-- where any draft, that is an order to pay money, drawn by one office of a bank upon another office of the same bank for a sum of money payable to order on demand, purports to be endorsed by or on behalf of the payee, the bank is discharged by payment in due course.]

Amended up to 2019-11-02View on India Code →
Section 85A – The Negotiable Instruments Act, 1881 | DailyLaw.ai