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Rbi guidelines for writing lakh on cheque and not lac

Pranjal (Student CA IPC / IPCC)     07 July 2016

Student CA IPC / IPCC 
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Recently RBI has issued guideline whereby writing lac in cheques has been prohibited. Could any one provide us with a copy of the Master Circular in this regard.

VikramKumar Thanvi (CA Business)     20 July 2016

VikramKumar Thanvi
CA Business 
 21 points

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No link found on web assuring this news.
However all websites of RBI use the word "LAKH" and not "LAC"
So better to write LAKH on cheque.
Prevention is always better than cure.


Anil Mahadeo More (ACCOUNTANT)     26 November 2016

Anil Mahadeo More
 28 points

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RBI/ 2008-2009/72
DBOD. AML. BC. No. 12 /14 .01.001/2008-09

July 1, 2008

The Chairman/CEOs of all Scheduled Commercial Banks ( Excluding RRBs) / 
all Financial Institutions

Dear Sir,

Master Circular – Know Your Customer (KYC) norms /
Anti-Money Laundering (AML) standards/
Combating of Financing of Terrorism (CFT)/Obligation of banks under PMLA, 2002

Reserve Bank of India has issued regulatory guidelines on Know Your Customer (KYC) norms / Anti Money Laundering (AML) Standards / Combating of Financing of Terrorism (CFT) from time to time. This Master Circular consolidates all the guidelines issued by Reserve Bank of India on KYC/AML/CFT norms up to June 30, 2008.

2. This Master Circular has been placed on the RBI website (

Yours faithfully,

(Vinay Baijal)
Chief General Manager


Siddharth Goel (Chartered Accountant)     20 June 2018

Siddharth Goel
Chartered Accountant 
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The official website of RBI uses "Lakhs" consistently throughout the website and hence it should be followed in all correspondences.

RBI is meticulous in the use of words and spellings in all its circulars, policies, research papers, annual reports, and publications. It prefers lakh, which is in line with the idiomatic usage.

As per master circular issued by RBI to its operating banks suggests usage of lakh than lac. But the draft of RBI instruction is not available for public since its a correspondence between central bank and other banks.



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Vaishali Dhek (Assistant Editor)     06 September 2019

Vaishali Dhek
Assistant Editor 
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Thank you for the information. What a deep insight into RBIs website. I never knew they have used the word LAKH consistently throughout the website.


Monu Prajapati   07 February 2020

Monu Prajapati

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As per the master circular there is not mandatorily requirement of the word "Lakh" and "Lac" to be written on cheque issuance, now it depends on individul preference what he feels better he can use. But it is suggested not to write "Lakhs: and "Lacs" it should only be written as "Lakh" and "Lac"

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