As per Reserve Bank of India directives, the Bank has implemented a Positive Pay System (PPS) for all modes of cheque payments (Cash/Transfer/Clearing) effective from 01.01.2021 in a bid to enhance safety and eliminate cheque-related frauds by reconfirming key details of large value cheques.
1. Drawers Account Number
2. Cheque Number
3. Cheque Date
4. Amount
5. Payee's Name