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Section 85A of Negotiable Instruments Act, 1881

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Section 85A of Negotiable Instruments Act, 1881 deals with Drafts drawn by one branch of a bank on another payable to order.

From the Act

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.

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Other Sections from the Act

  • Section 1: Short title
  • Section 3: Interpretation

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