Lakh or Lac… What is the difference between the two? Which word is correct and which is incorrect?
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Lakh or Lac… What is the difference between the two? Which word is correct and which is incorrect?
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We often get confused between Lakh and Lac and wonder which is the correct word? We don't even know the difference between them. Today we are going to tell you the difference between them and also tell you whether any of them is correct or incorrect Cheques are used for many types of bank transactioRead more
We often get confused between Lakh and Lac and wonder which is the correct word? We don't even know the difference between them. Today we are going to tell you the difference between them and also tell you whether any of them is correct or incorrectCheques are used for many types of bank transactions. Although, due to internet banking services, many things are now being done through apps, the use of cheques is still common for large amount transactions. In such a situation, while filling a cheque, many people write lakh (lakh) in English while some people write lakh (lac) instead of lakh. Let's see which one is correct.Often people get confused. In such a situation, people get confused between the English word Lakh and Lac. They do not understand what is the difference between the two spellings and which one is correct. In Hindi, they write Lakh on the cheque but in English, they sometimes write Lakh and sometimes Lac. Often they get confused.According to Ports, if you are a bank customer and are filling a cheque, you can use either of these two words. But officially, only lakh can be used. There is a guideline from the Reserve Bank of India (RBI) in this regard.