Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Somer G. Anderson is CPA, doctor of accounting, and an accounting and finance professor who ...
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Positive Pay System: Know how it prevents cheque fraud and secures high-value transactions
As scams grow more sophisticated, at least you have one less thing to worry about—cheque fraud. The Reserve Bank of India (RBI) implemented the Positive Pay System (PPS) back in 2021, which has ...
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HDFC & ICICI Bank To Clear Cheques The Same Day From October 4, Positive Pay System To Ensure Safer Transactions
Mumbai: India’s private sector leaders HDFC Bank and ICICI Bank will begin offering same-day cheque clearance starting October 4, 2025. This change is part of the Reserve Bank of India (RBI)’s updated ...
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