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Your bank may refuse to clear cheques after today: Have you confirmed Positive Pay System (PPS) yet?
Full list here Bank of Baroda released guidelines in June that advocated making the PPS confirmation essential for cheques issued for Rs. 5 lakh and above as of August 1. In the event that a valid ...
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Positive Pay System in SBI, PNB, and Other Banks: How It Prevents Cheque FraudsThe Positive Pay System (PPS), introduced by the Reserve Bank of India in 2021 ... At Branches: Submit the prescribed form to ...
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