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Positive Pay System

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coolhrprince
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877 views

Positive Pay System

Uploaded by

coolhrprince
Copyright
© © All Rights Reserved
Available Formats
Download as PDF, TXT or read online on Scribd
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KIND ATTENTION FOR

CUSTOMERS
POSITIVE PAY SYSTEM
W.E.F. 01.01.2021

AS PER RBI DIRECTIVES, POSITIVE PAY


SYSTEM FOR CHEQUE TRUNCATION
SYSTEM (CTS) IS BEING IMPLEMENTED
FROM 01.01.2021. UNDER THIS
PROCESS CUSTOMERS ARE ADVISED TO
SUBMIT MINIMUM INFORMATION ABOUT
CHEQUE ISSUANCE FOR AMOUNT ABOVE
Rs.50,000/- (OPTIONAL) AND
AMOUNT Rs.5,00,000/- AND ABOVE
(MANDATORY) THROUGH CHANNELS
LIKE – INTERNET BANKING/MOBILE
APP/BRANCH INTERFACE. THE
SUBMITTED DETAILS WILL BE MATCHED
WHILE PAYMENT OF CHEQUE.
Branch _______________________________

POSITIVE PAY SYSTEM(PPS)

FORMAT FOR SUBMITTING INFORMATION BY CUSTOMER

CHEQUE DETAILS :

Cheque Number
Date of Cheque
Name of Beneficiary/Payee
Purpose of Cheque issuance
Amount of Cheque – In figure

– In Words Rupees:
Account with Bank & Branch

ACCOUNT HOLDER’S DETAILS :

Name of Account Holder


Account Number & Branch /
Account Type
MICR Code
PAN Number
MOBILE Number

Date :
Branch :
(where the details submitted)

Signature of A/C Holder


(as in Bank’s Record)

PPS Data entered on ---------------- at ------AM/PM.

Employee no & Signature of Maker

Employee No & Signature of Checker

Acknowledgement

Received PPS details of Chq No ----------------------------- In the Ac Number --------------------------------


---- of Mr/Ms/Mrs/M/S ---------------------------------------------- on --------------------at --------
AM/PM at our ----------------branch.

(Incharge/Manager with seal)

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