Central Bank Act, 1942

Amendment of the Bills of Exchange Act, 1882, in respect of banker's drafts.

66.—(1) In this section the expression “banker's draft” means a draft payable on demand drawn by or on behalf of a bank upon itself, whether payable at the head office or at some other office of such bank.

(2) Sections 76 to 82 (which relate to crossed cheques) of the Bills of Exchange Act, 1882 , as amended by the Bills of Exchange (Crossed Cheques) Act, 1906, shall apply to a banker's draft as if such draft were a cheque.