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One of the conditions to honor the cheque by the paying banker is that amount in figures and words should

  • One of the conditions to honor the cheque by the paying banker is that amount in figures and words should be Tally.
  • If the amount written in figures and words on the cheque does not match or tally, the paying banker may refuse to honor the cheque.
  • This is because there may be confusion or doubt about the actual amount of the cheque, and honoring the cheque in such circumstances may lead to financial loss for the paying banker or their customer.
  • Therefore, it is important for the drawer of a cheque to ensure that the amount written in figures and words is the same and that there are no discrepancies or errors in either representation of the amount.