Can A Cheque Be Crossed To More Than One Banker

Can A Cheque Be Crossed To More Than One Banker?
Posted 9 months ago  | 
Banking,Cheque Bounce
Banking Cheque Bounce

1 Answer(s)

Ravindra Purohit
Advocate

The cheque which is specially crossed as per 124 of NI act cannot be made in the name of more than one banker. Where a cheque is crossed specially to more than one banker the banker on whom it is drawn shall refuse the payment of the same thereof.