Your bank may refuse to clear cheques after today: Have you confirmed Positive Pay System (PPS) yet? | Mint - Mint

Many banks, from August 1, have made the Positive Pay System (PPS) for cheques issued for ₹5 lakh or more

Beginning August 1, 2022, many banks will need the Positive Pay System (PPS) for cheques issued for 5 lakh or more. Such cheques will be turned down by your banker if you don't offer Positive Pay con… [+2071 chars]

full article...