Overview
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- To safeguard your hard-earned money against cheque frauds, as per RBI guidelines, Bank has introduced Positive Pay System for cheques of 2.00 lakhs and above w.e.f. 01.01.2021. Through Positive Pay, cheques will be processed for payment, based on information passed on by you at the time of issuance of cheque.
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Eligibility
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- Our bank Cheque holder customers
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Features
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- Cheques above 2.00 lakhs to be mandatorily informed to the home branch
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Benefits
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- To overcome the cheque based fraudulent transactions
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PPS Timing
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- Details of issued cheques to be informed to home branch atleast 24 hours before the cheque is presented in clearing
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Rates & Charges
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How to give PPS confirmation ?
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- By submitting request for PPS confirmation at Home Branch in the prescribed format.
- Please contact your nearest SGB branch for utilizing this facility.
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Positive Pay System (PPS)