Banking update: Check clearing system will change from September 1

Zee News  In a bid to check banking fraud, the Reserve Bank of India had in 2020 decided to introduce the ''positive pay system'' for cheque, under which re-confirmation of key details may be needed for payments beyond Rs 50,000.  https://ift.tt/eA8V8J August 23, 2021 at 05:46PM  In a bid to check banking fraud, the Reserve Bank of India had in 2020 decided to introduce the ''positive pay system'' for cheque, under which re-confirmation of key details may be needed for payments beyond Rs 50,000. 

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