W.e.f, submitting positive pay details in case cheque value 200000/- (Rupees Two Lakhs) and above will be mandatory.ģ. The positive pay is currently applicable to cheque value of Rs. Key details of the cheque to be submitted in Positive Pay by the customer are as below:ġ.The Positive Pay facility in our bank is available free of cost.In case of any mismatch, the bank can reject the cheque or take suitable action to prevent wrong payment or fraud.
Please refer to the RBI’s circular number RBI/2020- 1/41/DPSS.CO.RPPD.No.309//2020-21, issued on September 25th, 2020 Positive Pay System-Key Features Account Page
