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Positive Payment System

Positive Payment System

We would like to inform you about the Positive Pay System (PPS), a fraud detection mechanism designed to secure your high-value cheque payments.

The PPS requires you to electronically reconfirm key details—including the cheque number, amount, date, and payee—with the bank before a cheque is processed. This system is mandatory for all cheques of ₹500000 and above. By verifying these details through our mobile app, internet banking, or SMS, we can significantly reduce the risk of forgery and unauthorized alterations.

Please ensure you provide these details for your high-value cheques to ensure a seamless and secure clearing process.

Feature:-

To safeguard your hard-earned money against cheque frauds, as per RBI guidelines, Bank has introduced Positive Pay System for cheques of Rs. 2.00 lakhs and above w.e.f. 01.01.2021. Through Positive Pay, cheques will be processed for payment, based on information passed on by you at the time of issuance of cheque. Now Positive Pay System will be mandatory from 15.08.2021.

You need to share the following details of the issued cheque at least 24 working hours before the cheque is presented in clearing.
  1. Account Number:
  2. Cheque Number:
  3. Date of Cheque [Cheque Issue date]:
  4. Amount:
  5. Transaction Code [2 digit code available at the bottom of your cheque] :
  6. Beneficiary Name :
  7. MICR Code :[9 digit code available at the bottom of your cheque]
The details can be shared through the following modes:
  1. Bank’s Website: Click Here
  2. Internet Banking: Click Here
  3. Mobile Banking: For Android Click Here, For iOS Click Here
  4. Branch: Share the details with your home branch in the Prescribed Format
Navigation for submission of cheque details under PPS at various channels is as under:
  1. Website (Useful Links -> Online Services -> Positive Pay System)
  2. Mobile Banking (IndOasis) (Value added Services -> Positive Pay System)
  3. Mobile Banking: For Android Click Here , For IOS Click Here
  4. Branch: Share the details with your home branch in the Prescribed Format