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A Customer is paid a account payee cheque but the amount in figure and word are different can bank pass this cheque. ?

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تم إضافة السؤال من قبل MUDASSIR JAVED , Assistant Manager , IDBI BANK LTD
تاريخ النشر: 2018/04/19
MUDASSIR JAVED
من قبل MUDASSIR JAVED , Assistant Manager , IDBI BANK LTD

Under NI act 1881 Sec 18 When there is difference between the words and figures, the amount in words is to be treated as the samount orderedby the drawer to pay.

Revathi Padmanabhan
من قبل Revathi Padmanabhan , Branch Manager , STATE BANK OF INDIA

No we have to contact the customer to confirm. However as per NI act, the amount in words can be considered for payment.

Eid AlQahtani
من قبل Eid AlQahtani , Executive Director , Dr. Suliman Al Habib Hospital

When the amount of a check is unclear, the written words are considered to be the correct amount. Numbers written out with words are clearer; you still know how much the check is for, even if you can’t make out half of the letters. On the other hand, numerical digits are almost worthless if they’re hard to read. Section 3.114 of the (UCC).

Bernadette Cruz
من قبل Bernadette Cruz , Escalations/Reports Supervisor , Convergys Philippines Services Corp

Payment may be refused on a cheque which is not completed properly, for example, if the sum to be paid is indicated in figures only. Payment may also be refused if the cheque is not dated or if there is any ambiguity in intention. If, for example, the amount in figures differs from the amount in words, payment may be refused.

Angelique Perumal
من قبل Angelique Perumal , Sales & General Marketing

No because the correct amont has to be the same in numbers and words .

Rathiya Balasubramanian
من قبل Rathiya Balasubramanian , Accounts And Finance Executive , Zengage Technologies

The cheque shall bounce back to the sender as the words and amount should match. Thus, they will have to issue a new cheque with the right amount in boh field.

Ashraf E. Mahmoud (PhD)
من قبل Ashraf E. Mahmoud (PhD) , University Lecturer, Freelancer Consultant and Trainer for Int'l Business & Banking TF. , FreeLancer

No, the bank has to refuse to pay this check and usually return same to the presenter after being stamped with " Please refer back to the drawer".

Anas Anwer
من قبل Anas Anwer , Sr. Marketing Executive , Currently Working

Back will not pass this check as there is a difference in figure and words mentioned in the cheque.

Also bank have to crosscheck with the customer for exact amount

Aijaz Solangi
من قبل Aijaz Solangi , HEALTHCARE CLAIMS ADMIISTRATOR , AXA INSURANCE GULF

Bank cannot pass the cheque untill all required fields are correct.

Anshika Gupta
من قبل Anshika Gupta , SENIOR MANAGER , CARDS BIU, AXIS BANK

No, the bank will not pass the cheque as it does not have a single payment amount.

Also, this might be a case of fraud

nikhil katty
من قبل nikhil katty , ASSITANT MANAGER , IDBI BANK LTD

If the amount in figure and words differ it is normal practice not to pass the cheque

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