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Bank customers alert! Bank may refuse to clear your cheque from August 1: Have you confirmed Positive Pay system yet? | Personal Finance News - Vimarsana News

Bank customers alert! Bank may refuse to clear your cheque from August 1: Have you confirmed Positive Pay system yet? | Personal Finance News

In confirmation with RBI’s latest guidelines, many banks have issued a notification regarding the implementation of the Positive Pay System (PPS) for cheques of Rs 5 lakh or above. Here's all you need to know against the new update on Positive Pay System.

Source: india.com