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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 ...
With rising cheque fraud cases, banks are stepping up security. The Positive Pay System (PPS), introduced by the Reserve Bank ...
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 ...
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