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Positive Pay System
Positive Pay System News
Punjab National Bank
03 Mar 2023
ATTENTION! PNB Customers Have To Do THIS While Submitting HIGH-VALUE Cheque
The PPS is a system developed by the National Payments Corporation of India (NPCI), which requires customers to reconfirm essential details.
SBI
01 Sep 2022
ATTENTION! SBI customers: Know how to submit cheque via Yono app, Net Banking
SBI customers can submit PPS online. RBI introduced PPS to safeguard against cheque fraud. All the details of PPS will be cross-checked at the PPS portal.
RBI
02 Aug 2022
ALERT! Bank may refuse to clear your cheque from August 1: Here is why
RBI has modified the check clearance rule from August 1. BoB had made PPS mandatory from August 1. Customers have to follow PPS for cheques of Rs 5 lakh or above to be encashed.
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