What is the Positive Pay System for high-value cheques?
The Hindu
RBI had issued guidelines for banks to implement this system from January 1, 2021, to safeguard against cheque frauds. Here is all you need to know
Banks have been informing customers about making mandatory, the positive pay system, a process of reconfirming the key details of high-value cheques. The Reserve Bank of India (RBI) had issued guidelines for banks to implement this system from January 1, 2021, to safeguard against cheque frauds. Here is all you need to know:
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