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Issuing cheque above Rs 20 lakh? Positive Pay System now mandatory from April 24 in this bank

Posted on April 23, 2026
By Business News Today
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Issuing cheque above Rs 20 lakh? Positive Pay System now mandatory from April 24 in this bank

Positive Pay System (PPS) is a security feature that helps safeguard against cheque fraud presented through Cheque Truncation System (CTS) clearing. When a high-value cheque is issued, few details are to be submitted to the bank’s PPS through various convenient channels. What is PPS (Positive Pay System)?