The main objective of the Negotiable Instruments Act is to provide a legal framework for regulating and standardizing the
use of negotiable instruments like checks and bills. And aim is to ensuring the smooth and secure transfer in financial transactions.

The Negotiable Instruments Act, 1881 (NI Act) was enacted to define, regulate, and ensure the credibility of certain financial instruments used in commercial transactions.

???? Key Objectives:
1. To legalize and standardize negotiable instruments like:
• Promissory notes
• Bills of exchange
• Cheques
2. To ensure free and smooth circulation of money and credit in the form of these instruments as substitutes for cash.
3. To provide legal recognition and certainty to the transfer and enforcement of negotiable instruments.
4. To protect the rights of holders in due course, ensuring they can claim the amount mentioned in the instrument without unnecessary complications.
5. To penalize dishonour of cheques (via Section 138 and onward), thereby improving trust and accountability in commercial transactions.
6. To facilitate efficient dispute resolution in cases of non-payment, default, or fraud related to negotiable instruments.

The NI Act was made to make financial transactions using written promises or orders to pay money (like cheques) more
reliable and trustworthy. It helps people do
business smoothly by making sure these
instruments are legally recognized, and if someone doesn't pay, the law provides a clear way to take action.