NI Act Section 128: Payment in due course of crossed cheque
Negotiable Instruments Act, 1881 · Chapter 14: Of crossed cheques
Also available in: हिंदी
¶Where the banker on whom a crossed cheque is drawn has paid the same in due course, the banker paying the cheque, and (in case such cheque has come to the hands of the payee) the drawer thereof, shall respectively be entitled to the same rights, and be placed in the same position in all respects, as they would respectively be entitled to and placed in if the amount of the cheque had been paid to and received by the true owner 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 The historical schedule and section 2 are repealed.Read the original schedule and amendment notes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
- 127. Payment of cheque crossed specially more than once
- 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