Issuing cheque above Rs 20 lakh? Positive Pay System now mandatory from April 24 in this bank

Positive Pay System (PPS) is a security feature that helps safeguard against cheque fraud presented through Cheque Truncation System (CTS) clearing. When a high-value cheque is issued, few details are to be submitted to the bank’s PPS through various convenient channels.

The facility is enabled for all the account holders issuing cheques for amounts of Rs 50,000 and above but mandatory for amounts of Rs 20,00,000 and above presented through CTS clearing.

PPS is made mandatory in phases for high-value cheques in CTS clearing:

Rs 1 crore & above → from September 1, 2025

Rs 25 lakh & above → from 1 November 1, 2025

Rs 20 lakh & above → from April 24 2026

Account number

Cheque number

MICR Code

Cheque amount

Payee name

Cheque date

Cheque details can be submitted through multiple channels:

Branch: Submit physical application
Mobile banking (ai1): Individual and corporate users
Internet banking: Individual and corporate users
Call Centre (1800 1030): Individual users only

Prevent cheque fraud

Ensure secure cheque clearing

Verify cheque details before payment

Protect customers from unauthorised transactions

Banks match submitted cheque details with the presented cheque before clearing