Section 85A of Negotiable Instruments Act - Drafts drawn by one branch of a bank on another payable to order

Section 85A Negotiable Instruments Act Description

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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