Section 85A
Drafts drawn by one branch of a bank on another payable to order
Chapter 7: Of discharge from liability on notes, bills and cheques
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.]
The Negotiable Instruments Act, 1881 (Act No. 26 of 1881). From the updated text on India Code, with later amendments. Being checked against the official copy; amendment notes are not shown yet.
Related sections
- 83Discharge by allowing drawee more than forty-eight hours to accept
- 84When cheque not duly presented and drawer damaged thereby
- 85Cheque payable to order
- 86Parties not consenting discharged by qualified or limited acceptance
- 87Effect of material alteration
- 88Acceptor or indorser bound notwithstanding previous alteration