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INDIAN BARE ACTS Search Alphabatically : A B C D E F G H I J K L M N O P Q R S T U V W X Y Z Search Chronologically : -- Select Year-- 201220112010200920082007200620052004200320022001200019991998199719961995199419931992199119891988198719861985198419831982198119801979197819771976197519741973197219711970196919681967196619651964196319621961196019591958195719561955195419531952195119501949194819471946194419431942194119401939193819371936193419331932193119301929192819271926192519241923192219211920191919181917191619151914191319121911191019091908190619051904190319021901190018991897189418911890188618841882188118791876187218711870186618651860185918541850 THE BANKING REGULATION (AMENDMENT) AND MISCELLANEOUS PROVISIONS ACT, 2004 CHAPTER I PRELIMINARYCHAPTER II AMENDMENTS TO THE BANKING REGULATION ACT, 1949.CHAPTER III AMENDMENTS TO THE DEPOSIT INSRUANCE AND CREDIT GUARANTEE CORPORATION ACT, 1961.CHAPTER IV REPEAL AND SAvING

.To whom payment should be made.78.To whom payment should be made. Subject to the provisions of section 82, clause (c), payment of the amount due on a promissory note, bill of exchange or cheque must, in order to discharge the maker or acceptor, be made to the holder of the instrument.29.79.Interest when rate specified.79.Interest when rate specified. When interest at a specified rate is expressly made payable on a promissory note or bill of exchange, interest shall be calculated at the rate specified, on the amount of the principal money due thereon, from the date of the instrument, until tender or realization of such amount, or until such date after the institution of a suit to recover such amount as theCourt directs.