What is Positive Pay System for Cheques? | RBI introduced new system to prevent Cheque Fraud| Aastha
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What is Positive Pay System for Cheques? | RBI introduced new system to prevent Cheque Fraud| Aastha
Positive pay is a fraud prevention system used by banks to help protect their customers from cheque fraud. It is a service offered by banks to their corporate customers in which the bank only pays a cheque if the cheque amount, account number, and cheque number match the information that the customer has previously provided to the bank. In this ...
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