cheque rejection

Will Your Cheque Be Cancelled If You Write ‘Lac’ Instead Of ‘Lakh’? RBI Says..

Will Your Cheque Be Cancelled If You Write ‘Lac’ Instead Of ‘Lakh’? RBI Says..

RBI prefers the spelling ‘Lakh’ over ‘Lac’, but cheques won’t be cancelled for using ‘Lac’. Banks prioritise clarity between words…

November 28, 2025