What is the Positive Pay System for cheque transactions? | Explained
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What is the Positive Pay System for cheque transactions? | Explained
Dec 31, 2020
Times NowHeena Gambhir
From January 1, 2021 Indian banks will be introducing the Positive Pay System. In August 2020, RBI had ordered banks to start a positive pay system for cheques above 50,000 rupees from January 1, 2021 with an aim to enhance safety and eliminate the possibility of frauds. #WATCH | TIMES NOW
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