Negotiable Instruments Act, 1881
Section 85A, NI Act: Drafts drawn by one branch of a bank on another payable to order
Section 85A of the Negotiable Instruments Act, 1881, in the Act's own words.
The section
85A. Drafts drawn by one branch of a bank on another payable to order.
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.]The text is India Code's consolidated text as loaded into Pundora's statute corpus on 1 September 2026; a number before a square bracket is India Code's own footnote marker for an amendment. A section quoted in a draft checked by Pundora is checked against this text.
Sources
- India Code: Negotiable Instruments Act, 1881, section 85A (read 1 September 2026)