Cheque Positive Pay

Positive Pay allows reconfirmation of cheque details once a cheque has been issued. Customers have to provide the basic details of cheque like Account number, Date of cheque, Cheque number etc.

When the beneficiary submits the cheque for encashment, details of the cheque are validated against the details filled by customer on positive pay portal and hence acting as additional layer of security.

Any discrepancy is flagged by CTS to both drawee and presenting bank and the same will be referred to the customer for validation

  • Account Number
  • Cheque Number
  • Payee Name
  • Cheque Amount
  • Cheque Date
  • Transaction Code
  • MICR Code
  • Short Account Number

FEATURES AND BENEFITS