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.
Answered on 6/15/10, 11:19 am
Aniruddha Pawse
Aniruddha.P.Pawse Advocates
amount in words is given preference
Answered on 6/15/10, 9:22 pm
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