SBI new rule to clear high-value cheques: 5 things you must know

SBI mentioned on its website, "As per RBI guidelines, we are introducing Positive Pay System (PPS) w.e.f. 01/01/2021 to ensure added security where the cheque issuer now needs to provide details such as account number, cheque number, cheque amount, cheque date payee name with respect to the cheque payments."

from Moneycontrol Business News https://ift.tt/2Xel8qn