Positive Pay System
Important Instruction for account holders
Positive Pay System effective from 01/01/2021.
PPS is mandatory for issuance of cheque up to and above 5,00,000 for CTS clearing.
Dear Customer, RBI has implemented PPS with effect from 01/01/2021 (Friday). It is mandatory to inform bank in advance on issuance of clearing cheque up to and above Rs.5,00,000/-
Customer is required to provide following details to bank in advance.
Payee Name, Cheque Amount, Cheque Date, Cheque No., Account Number (15 Digit).
You can inform bank by any of the following options.
- By visiting your branch with physical form.
- Bank reserves the right to dishonor cheque in absence of PPS information despite of sufficient balance.