🏦💳 SBI Positive Pay System is a security feature introduced by State Bank of India to prevent check related frauds. It is useful for prevention of frauds caused by check tampering/alteration. 🛡️ ✅
🏦💳 In positive pay system, the key details of the check can be verified back to the bank by the drawer. It will be cross-checked with the check presented during payment processing. 🔄 ✅
🏦💼 As directed by Reserve Bank of India, SBI is implementing Positive Pay System (PPS) for all types of Check Payments (Cash/Transfer/Clearing) with effect from January 1, 2021. 📆💼💸
🛡️🔒 The Positive Pay System has been hailed by experts as a valuable security measure that helps protect customers from check fraud. 🛡️💼🤝
📆💼 It's a simple system that helps give customers peace of mind knowing their checks are safe. 📜🏦💼
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