It is mandatory to provide PPS confirmation for cheques amounting to Rs.2,00,000/- and above.
Inadequate or inaccurate details may result in the return of a cheque.
To enable the Positive Pay system, the specific cheque details should be submitted to the bank 1 day prior to cheque presentation till 6 PM.
Only cheques that are compliant with the above instructions will be accepted under dispute resolution mechanism at the CTS grids.
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