NI Act Section 127: Payment of cheque crossed specially more than once
Negotiable Instruments Act, 1881 · Chapter 14: Of crossed cheques
Also available in: हिंदी
¶Where a cheque is crossed specially to more than one banker, except when crossed to an agent for the purpose of collection, the banker on whom it is drawn shall refuse payment thereof.
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 The historical schedule and section 2 are repealed.Read the original schedule and amendment notes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
- 126. Payment of cheque crossed generally
- 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