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Positive Pay System: Know how it prevents cheque fraud and secures high-value transactions
As scams grow more sophisticated, at least you have one less thing to worry about—cheque fraud. The Reserve Bank of India (RBI) implemented the Positive Pay System (PPS) back in 2021, which has ...
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Bank Cheque Clearance Rules Updated: Faster Processing to Save Customers’ Time from Today
Starting today, banks across India have implemented a new system for cheque clearance, promising faster processing and quicker availability of funds. The change is expected to benefit millions of ...
The second phase of the cheque clearing system has been postponed until further notice to allow more time for banks to streamline their operations, the RBI said on Wednesday. Earlier, lenders were ...
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