Section 85ADrafts drawn by one branch of a bank on another payable to order

s. 85A

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 indorsed by or on behalf of the payee, the bank is discharged by payment in due course.]

1. 14. Section 85A was inserted by section 2 of the Negotiable Instruments (Amendment) Act, 1930 (Act No. XXV of 1930)