Скачать или смотреть What is Positive Pay Mechanism? RBI introduces Positive Pay System for Cheques ll CA Jayshree Savani

#bankmate
#PositivePaySystem
#AdviceNotRecieved
#cajayshreesavani
#bank
#chequebouncecase
#positivepaysystem
#fruad
#rbi
#sbi
#bob
#indianbank

What is Positive Pay Mechanism? RBI introduces Positive Pay System for Cheques ll CA Jayshree Savani

To prevent cheque fraud, financial institutions use a positive-pay system that automates cash management. A company's cheques and the ones it submits to the bank for payment must match for positive pay to occur. Any questionable cheque is returned to the issuer for review. The method serves as a sort of insurance for a business against losses, fraud, and other obligations to the bank. While most banks still charge for the service, others now provide it for a discounted price or for free.
The RBI has proposed an electronic authentication method called Positive Pay that will allow you to communicate the check's data with your bank before the bank processes it, and it will go into effect on January 1st 2021. This extra security measure is intended to combat the growing number of check fraud incidents that have garnered media attention over the past year. Positive Pay undoubtedly boosts banks as counterfeit check perpetrators' techniques advance with each passing day.

How to avoid Cheque fraud using Positive Pay System? The Positive Pay System introduced by RBI & NPCI is explained in Hindi. We’ll also discuss the benefits of the Positive Pay system and its compulsion in Indian banks.

In this video, we’ll cover the following concepts and questions:
1. How to avoid Cheque fraud?
2. What is a positive pay system?
3. SBI positive pay system.
4. Positive pay system for cheques SBI.
5. Positive pay system in Indian bank.
6. What is the positive pay system in BOB?
7. RBI directives positive pay CPPS system.
8. Benefits of a positive pay system.

#bankmate
#PositivePaySystem
#AdviceNotRecieved
#cajayshreesavani
#bank
#chequebouncecase
#positivepaysystem
#fruad
#rbi
#sbi
#bob
#indianbank


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