New Delhi: RBI presented a Positive Pay System for the cheque of Rs 5 lakh or above beforehand. The register leeway framework accompanied impact on August 1. Many banks including SBI have executed this framework to defend against really look at misrepresentation. According to the new updates, clients need to keep the new guideline for cheques of Rs 5 lakh or above to be encashed.
According to the new rule, the guarantor should electronically send specific data to the drawee bank by means of SMS, portable banking, web banking, ATMs, and so forth, like the recipient’s name, the date of issue, and so on. Afterward, while handling installments, the subtleties will be double checked.
SBI clients who need to use the help should initially present an application in the necessary structures at one of our branches to enroll their cheque-worked represents the Positive Pay System.
Extra channels, like Mobile Banking (YonoLite), Retail Internet Banking (RINB), Corporate Internet Banking (CINB), and YONO, are available for enlistment (Mobile App).
Step by step instructions to present a SBI Positive Pay online utilizing the SBI YONO App:
- Open the Yono SBI light application and login into it.
- Click on the ‘Administration’ menu.
- Presently select “Positive Pay System.”
- “Check Lodgement Details” ought to be clicked.
- If it’s not too much trouble, pick your account number.
- Finish up the proper subtleties like a cheque number, date of issue, and cheque sum.
- At long last submit it.
Instructions to present a SBI Positive Pay utilizing Mobile Banking:
The text organization ought to be this way –
CHQL Check NoAmountDate of Issuance in
DDMMYYYYY/N (Multi City/Normal)Beneficiary Name and send it to +917208933145. Remember that this help is accessible just for clients who have enlisted for SBI Quick.
How to submit Positive Pay in SBI through Net Banking?
- Open Net Banking and sign in utilizing certifications.
- Go to the Check Book Services area. Select Positive Pay Services.
- Finish up the proper subtleties like cheque number, date of issue, and cheque sum.
- At long last submit it.
Subsequent to finishing PPS conventions, the subtleties will be cross-checked at the positive pay gateway.
