Where amount is stated differently in figures and words
Full Text
Where amount is stated differently in figures and words.—If the amount undertaken or ordered to be paid is stated differently in figures and in words, the amount stated in words shall be the amount undertaken or ordered to be paid.
Plain English Summary
Establishes that if there is a discrepancy between the amount written in figures and the amount written in words, the amount in words takes precedence.
Key Legal Elements
- Applies when the amount to be paid is stated differently in figures and in words
- The amount stated in words shall be the legally binding amount
Practical Note
Critical rule for banks and payees. Under banking rules, banks can pay the amount in words, or return the cheque with the memo 'Amount in words and figures differs'. Legally, the amount in words is the binding debt.
हिंदी पाठ
जहां राशि अंकों और शब्दों में भिन्न-भिन्न रूप में लिखी गई हो।—यदि भुगतान की जाने वाली वचनबद्ध या आदेशित राशि अंकों और शब्दों में भिन्न-भिन्न रूप में लिखी गई है, तो शब्दों में लिखी गई राशि ही देय या भुगतान की जाने वाली राशि मानी जाएगी।