One of the most commonly asked question while writing cheques is whether the word “Lakh” be written as “Lakh” or “Lac”. It’s not an easy question to answer, since both words are commonly used in our daily life frequently. However, there are some general guidelines to follow.
In India, the word lakh is used to refer to 100,000 currency units. In India the word “Lakh” and “Lac” both are commonly used word to mention the currency value. while the word “Lakh” is used for official purposes such as on currency and banking note. Even The Reserve Bank of India uses Lakh in all of its publications and mentions.
Which is the correct spelling
In India Lakh and Lac are both commonly used words to mention the currency value. Yet the word Lakh is used for official purposes and RBI also mostly use it on their website. In India, local languages are used for unofficial purposes and that is why people use Lac in the Indian language.
As Per RBI Guidelines
LAKH is Correct ✅
LAC is Wrong ❌
How to write Lakh or Lac in a Cheque
You can see the below image to write a cheque in a correct format. The Image is for reference purpose so donot copy paste any details from this Demo Cheque.
|10 Lakh||1 Million|
|100 Lakh||10 Million|
|10,000 Lakh||1 Billion|
What is the Difference Between Lac and Lakh
|Dictionary Meaning: a sticky substance produced by certain insects, and used in making varnishes, dyes and sealing wax||Dictionary Meaning: Lakh is a unit in the Indian numbering system equal to one hundred thousand|
Both words Lac & Lakh are Homophones (i.e) have same Pronunciation but have different context. Sometimes Lakh is also written as Lac because of same pronunciation. But The correct word to denote 100,000 is LAKH.