What is the correct spelling for cheques according to RBI: ‘Lakh’ or ‘Lac’?

More From Author

See more articles

Know Alakh Pandey, aka Physics Wallah Net Worth Story...

Physics Wallah Net Worth Story: An Inspiration in 2025Physics Wallah, a YouTube channel started by Alakh Pandey...

Who is Shubman Gill Wife in 2025? Is it...

Get All the Updates on Shubman Gill Wife, Relationships and More in 2025 Shubman Gill, India’s rising batting...

Who is Antony Thattil? Meet the Dubai-Based Businessman Married...

On December 12, actress Keerthy Suresh tied the knot with her longtime boyfriend, Antony Thattil, in a...

When filling out a cheque, the question of whether to use ‘lakh’ or ‘lac’ arises when writing the amount in words. While the Reserve Bank of India (RBI) does not limit the use of either spelling, it’s master circular states that lakh is the correct word to use when representing the number 1,00,000 in English.

‘Lakh’ or ‘Lac’: Which one to write on the cheque?

From the intro, you understand the fact that it means that in terms of official banking language, lakh is the appropriate choice. The RBI’s website and all cheques issued by banks also use lakh, not lac, to represent amounts equal to or greater than Rs 1,00,000.

What is the correct spelling for cheques according to RBI: 'Lakh' or 'Lac'?

However, colloquially, it has become common practice to use lac to denote such amounts. As a common person depositing a cheque, you may use either lakh or lac, but bank officials must use lakh when issuing cheques on behalf of their banks.

There was a false rumour spreading across WhatsApp or social media that there’s an RBI regulation that mandates users to write ‘Lakh’ on cheques, this by the way is incorrect. There has been no such regulation officially and as we said though ‘Lakh’ is the correct term, one can also use ‘Lac’ on the cheque.

What is the correct spelling for cheques according to RBI: ‘Lakh’ or ‘Lac’?

In terms of official banking language, lakh is the appropriate choice. The RBI’s website and all cheques issued by banks also use lakh, not lac, to represent amounts equal to or greater than Rs 1,00,000.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

━ Related News

Featured

━ Latest News

Featured