section 3- Banker-
Banker includes any person acting as a Banker and any post office savings bank.
section 4 Promissory Note-
A Promissory Note is an instrument in writing, containing an unconditional undertaking signed by maker, to pay a certain sum of money only to or to the order of a certain person or to the bearer of the instrument.
section 5 Bill of Exchange-
A Bill of Exchange is an instrument in writing containing an unconditional order, signed by the maker, directing a certain person to pay certain sum of money only to or to the order of a certain person or to the bearer of the instrument. Here, the promise to pay is not conditional.
section 6 Cheque
A cheque is a Bill of Exchange drawn on a specified banker and not expressed to be payable otherwise then on demand and it includes the Electronic Image of a truncated cheque and a cheque in the electronic form.
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