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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.

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.

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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