NIA 126 — Payment of cheque crossed generally

Negotiable Instruments Act, 1881

Statutory text

Where a  cheque  is  crossed  generally,  the  banker  on whom it is drawn shall not pay it otherwise than to a banker.
Payment of cheque crossed specially.—Where a cheque is crossed specially, the banker on whom it is drawn shall not pay it otherwise than to the banker to whom it is crossed, or his agent for collection.

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