Скачать или смотреть Positive Payment System Explained | In simple Words | PUNJABI

Under the positive pay system, an issuer a cheque will have to electronically submit certain minimum details of the particular cheque (such as date, name of the beneficiary, payee and amount) to the drawee bank. This can be done through various channels – SMS, mobile app, internet banking and ATM.
Banks shall enable it for all account holders issuing cheques for amounts of Rs 50,000 and above. While availing of this facility is at the discretion of the account holder, banks may consider making it mandatory in case of cheques for amounts of Rs 5,00,000 and above.

reference : www.indianexpress.com

we are sharing basic video related to concerned topic as per our knowledge. If any kind of shortcoming found or any kind of improvement needed. kindly share your view and suggestions on [email protected] or on [email protected]

you can message on 98768-19278
your kind review and suggestion will be appreciated and will be mentioned in our upcoming videos

Thanks and warmth regards

After School Education Ropar
PO Ropar, Punjab (India)-140001