In order to check banking fraud, the Reserve Bank of India has decided to introduce from January 1, 2021, the ‘positive pay system’ for cheque, under which re-confirmation of key details may be needed ...
To reduce instances of fraud, the Reserve Bank of India (RBI) has introduced a new mechanism known as 'Positive Pay' for all the cheques valued above Rs. 50,000. To reduce instances of fraud, the ...