Here we are going to explain what is punishable offence in this section is and how much has imprisonment or fine under section 420.
Cheating and dishonestly inducing delivery of property:
In this section states that whoever cheats and thereby dishonestly induces the person deceived to deliver any property to any person, or to make, alter or destroy the whole or any part of a valuable security, or anything which is signed or sealed, and which is capable of being converted into a valuable security, shall be punished with imprisonment of either description for a term which may extend to seven years, and shall also be liable to fine.
Offence : Cheating and there by dishonestly inducing delivery of property, or the making, alteration or destruction of a valuable security.
Punishment - 7 Years + Fine
This is a Non-Bailable, Cognizable offence and Triable by Magistrate First Class