Positive Pay System

To make cheque transactions safer, the Reserve Bank of India (RBI) vide circular no. RBI/2020 21/41DPSS.CO.RPPD.No.309/04.07.005/2020-21 dated September 25, 2020 has asked all banks to introduce the Positive Pay System effective 01 January, 2021.

To avail this facility, the account holder (drawer of the cheque) needs to share cheque details MANDATORY at the time of issuance (before cheque presentation date) of the cheques for amounts of INR 5,00,000/- and above. For the cheques for amounts of INR 50,000/- to INR 4,99,999/- is optional.

Cheque details to be submitted are as under:

Select Account Number

Cheque Number

Cheque Date

Number

Payee/Beneficiary Name

Cheque Data

Cheque Image Front

Cheque Image Back

These details can be submitted by the account holder to the bank through any of the following ways:

Whatsapp Banking on 8956116487 from registered Mobile Number.
By filling a simple Positive Pay form (In case branch submission).

We request our customers to please make a note of the following:

Insufficient and incorrect details will lead to cheque return
To enable the validation through Positive Pay, the cheque detail mentioned above should be available with the bank one working day prior to the cheque presentation date.

working day prior to the cheque presentation date.