The Negotiable Instruments Act, 1881
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 behalf of the payee, the bank is discharged by payment in due course.]
1. Inserted by Act 25 of 1930, sec. 2.