We propose a novel scheme for improving the word recognition accuracy using word image embeddings. We use a trained text recognizer, which can predict multiple text hypothesis for a given word image. Our fusion scheme improves the recognition process by utilizing the word image and text embeddings obtained from a trained word image embedding network. We propose EmbedNet, which is trained using a triplet loss for learning a suitable embedding space where the embedding of the word image lies closer to the embedding of the corresponding text transcription. The updated embedding space thus helps in choosing the correct prediction with higher confidence. To further improve the accuracy, we propose a plug-and-play module called Confidence based Accuracy Booster (CAB). The CAB module takes in the confidence scores obtained from the text recognizer and Euclidean distances between the embeddings to generate an updated distance vector. The updated distance vector has lower distance values for the correct words and higher distance values for the incorrect words. We rigorously evaluate our proposed method systematically on a collection of books in the Hindi language. Our method achieves an absolute improvement of around 10 percent in terms of word recognition accuracy.