• SENSEX
    NIFTY 50
Finance

What is Positive Pay? Here's what RBI announced to enhance safety of cheque payments

Updated : August 08, 2020 12:05 PM IST

The Reserve Bank of India (RBI) on Thursday said it has decided to introduce a mechanism of Positive Pay for all cheques of value Rs 50,000 and above.
This will cover approximately 20 percent and 80 percent of total cheques by volume and value, respectively.
What is Positive Pay? Here's what RBI announced to enhance safety of cheque payments

You May Also Like

Live TV
Advertisement