FAQ on Positive Pay System
Reserve Bank of India (RBI) instructed all banks to implement Positive Pay System in order to safeguard customer money against Cheque frauds. It enables cheque issuing customer to reconfirm the…
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Reserve Bank of India (RBI) instructed all banks to implement Positive Pay System in order to safeguard customer money against Cheque frauds. It enables cheque issuing customer to reconfirm the…
KVB Positive Pay System – In order to have control over the Cheque clearing, Reserve Bank of India (RBI) has introduced Positive Pay System (PPS) for payment of cheques presented…
Here is an important information every bank account holder needs to know about cheque payments rule – Positive Pay System. The pay system will come into effective from 1st January…