Under the positive pay system, the issuer of the cheque will be required to submit electronically, through SMS, mobile app, internet banking or ATM certain minimum details of that cheque like date, name of the beneficiary, payee, amount to the drawee bank.To Contact Insurance and Investment Expert
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Positive pay system for cheque payments to come into effect from January 1, 2021: RBI
![Positive pay system for cheque payments to come into effect from January 1, 2021: RBI]()
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September 26, 2020
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