NI Act Section 126: Payment of cheque crossed generally
Negotiable Instruments Act, 1881 · Chapter 14: Of crossed cheques
Also available in: हिंदी
¶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.
Official reference: India Code, Government of India — official section HTML — source review: 5 October 2026.Recorded edition / snapshot date: 2026-10-05.Banaka reference transcription of the official HTML snapshot; not an official or certified edition. Source wording and amendment brackets are retained; layout and footnote callouts are omitted. The recorded date is the review snapshot, not a separately dated consolidation. Hindi guides are original explanations. Read the source amendment notes and current judicial interpretation alongside the text. The historical schedule and section 2 are repealed.Read the original schedule and amendment notes
This text is for reference, not legal advice. Consult the official source for the authoritative text.
Other sections in this chapter
- 123. Cheque crossed generally
- 124. Cheque crossed specially
- 125. Crossing after issue
- 127. Payment of cheque crossed specially more than once
- 128. Payment in due course of crossed cheque
- 129. Payment of crossed cheque out of due course
- 130. Cheque bearing ''not negotiable''
- 131. Non-liability of banker receiving payment of cheque
- 131A. Application of Chapter to drafts