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Positive Pay System in SBI, PNB, and Other Banks: How It Prevents Cheque Frauds

With rising cheque fraud cases, banks are stepping up security. The Positive Pay System (PPS), introduced by the Reserve Bank ...
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Positive Pay System: Know how it prevents cheque fraud and secures high-value transactions

As scams grow more sophisticated, at least you have one less thing to worry about—cheque fraud. The Reserve Bank of India (RBI) implemented the Positive Pay System (PPS) back in 2021, which has ...
The Free Press Journal

HDFC & ICICI Bank To Clear Cheques The Same Day From October 4, Positive Pay System To Ensure Safer Transactions

From October 4, HDFC and ICICI Bank cheques will be cleared on the same day under RBI’s new rules. Positive Pay is mandatory for high-value cheques to prevent fraud. Mumbai: India’s private sector ...
India.com

New cheque clearing rules: Banks to clear cheques within…, What is THIS new RBI guideline? to be effect from…, ICICI, HDFC Bank to…

If you’ve deposited a cheque in the bank and frequently had to wait for the money to arrive – possibly even up to two days – here is some great news for you. This wait has always been an inconvenience ...
Investopedia

Positive Pay: What It Is, How It Works, vs. Reverse Positive Pay

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Somer G. Anderson is CPA, doctor of accounting, and an accounting and finance professor who ...
NDTV

Banks To Clear Cheques On Same Day From Tomorrow: RBI

Private banks, including HDFC Bank and ICICI Bank, have informed that they will start same-day cheque clearance from October 4, following the Reserve Bank of India's (RBI) updated settlement framework ...