Legal Question in Banking Law in India

Which amount should be paid in case of difference in Words and figures on a Cheque


Asked on 6/15/10, 10:13 am

2 Answers from Attorneys

J. Radhakrishnan independent Practice

The practice is to pay the amount expressed in words. The recent guidelines issued by RBI require the banks to reject the cheques which has difference of the amount in words and figures.

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Answered on 6/15/10, 11:19 am
Aniruddha Pawse Aniruddha.P.Pawse Advocates

amount in words is given preference

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Answered on 6/15/10, 9:22 pm


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