Here we are going to explain what is punishable offence in this section is and how much has imprisonment or fine under section 417.
Punishment for Cheating:
In this section states that whoever cheats shall be punished with imprisonment of either description for a term which may extend to one year, or with fine, or with both
Punishment: 1 Year or Fine or Both
This is a Bailable, Non-Cognizable offence and Triable by Any Magistrate
Offence is Compoundable by: The person cheated.