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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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RBI action: Cheques to be cleared within few hours nowThe Reserve Bank ... System (PPS) for CTS is an additional indicator provided by NPCI to all banks to facilitate the clearing process and pre-empt cheque-related frauds and shall form part of ...
India's largest lender State Bank of India (SBI ... we are introducing Positive Pay System (PPS) w.e.f. 01/01/2021 to ensure added security where the cheque issuer now needs to provide details ...
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