NI Act Section 129: Payment of crossed cheque out of due course
Negotiable Instruments Act, 1881 · Chapter 14: Of crossed cheques
Also available in: हिंदी
¶Any banker paying a cheque crossed generally otherwise than to a banker, or a cheque crossed specially otherwise than to the banker to whom the same is crossed, or his agent for collection, being a banker, shall be liable to the true owner of the cheque for any loss he may sustain owing to the cheque having been so paid.
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 The historical schedule and section 2 are repealed.Read the original schedule and amendment notes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
- 128. Payment in due course of crossed cheque
- 130. Cheque bearing ''not negotiable''
- 131. Non-liability of banker receiving payment of cheque
- 131A. Application of Chapter to drafts