Overview & Benefits |
- To safeguard your hard-earned money against cheque frauds, cloning, photocopy etc. As per RBI guidelines, Our Bank has introduced a Positive Pay System for cheques of ₹2.00 lakhs and above w.e.f. 01.04.2021
- Under this process, the cheque issuer can submit the cheque details to the branch or through SMS viz. account number, cheque number, issue date, name of the beneficiary/payee, amount, transaction code (2 digit number next to MICR) etc to the drawee bank (TNGB). These details will be cross checked with the presented cheque and honoured after due verification by CTS
|