Newspoint on MSN

Positive Pay System in SBI, PNB, and Other Banks: How It Prevents Cheque Frauds

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

Issued a cheque recently? This is how ‘positive pay’ benefits you

The Reserve Bank of India introduced the Positive Pay System for banks in 2021.(REUTERS) How many times have we been haunted by news of bank frauds driven by blatant disregard for rules and ignoring ...
The Free Press Journal

HDFC & ICICI Bank To Clear Cheques The Same Day From October 4, Positive Pay System To Ensure Safer Transactions

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 ...
The Financial Express

Explainer: Why cheque clearing has run into problems

During 2024-25, the RBI had added 54.13 metric tonnes of gold. The Reserve Bank of India has introduced real-time clearing of cheques. However, technology integration glitches, inadequate training of ...
moneycontrol.com

Faster cheque clearance from tomorrow: Here is what you need to know

RBI implements same-day cheque clearance from October 4. From October 4, banks will be clearing cheques the same day, as required by the Reserve Bank of India's updated settlement framework that aims ...