Crossed Demand Draft


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Name :	Rajeev Dewal
Subject:	Crossed Demand Draft
Message :	Your query is: can a draft not issued as cross by the issuing bank be crossed later? Answer to it is yes. Under section 125 of the NEGOTIABLE INSTRUMENTS ACT, 1881, a holder may cross it. Further more, such holder may cross generally, specially and also add words "not negotiable".