Lifestyle Desk: One of the means of bank money transactions is the use of checks. Users withdraw money from their account through cheque. Again, the use of checks can be observed when paying money to others. A doubt arises when one lakh rupees or more has to be written in the cheque.
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Many people usually write the word Lakh in English as 'Lakh'. Many others write as 'Lac'. But which one is correct?
While writing the amount of money in the cheque, there is no problem in the place where the number is written. The problem arises in the place of writing in words. The question is whether one lakh is written as 'Lakh' or 'Lac'.
The central bank has a guideline in this regard. Where it is said that while writing lakh rupees, the word 'Lakh' should be written in English. 'Lakh' is the correct spelling in banking terms. This spelling should be used.