Positive Payment System
To increase customer safety in cheque payments and reduce instances of frauds occurring on account of tampering of cheque leaves, the Reserve Bank of India announced introduction of Positive Pay System for Cheque Truncation System (CTS).
This is a measure for prevention of frauds perpetrated through cheque tampering/alteration. Positive Pay System involves re-confirming of key details of the cheque by drawer to the Bank, which would be cross-checked with the presented cheque at the time of payment processing.
On cheque issuance please enter the below details and submit for PPS.
