Indian Bank customers can submit cheque details to the bank (also known as the positive pay system) online using mobile banking and net banking. To decrease instances of Fraud, RBI has presented a new mechanism “Positive Pay System (PPS) from January 01, 2021 for all cheques of Rs. 50,000/ and above. mandatory for all cheques of the amount Rs. 5.00 lakhs & above.
If you are an Indian Bank customer then here we will tell you step by step, how to submit positive pay online.
How To Give Indian Bank Cheque Positive Pay Details (PPS) Online
When you issue a cheque to someone above 50,000, you need to submit your issued cheque details to the bank using the positive pay system and then you can hand over the cheque to the payee. See how to submit your cheque details online:
Step 1: First you need, login to the Indian Bank Mobile Banking application on your mobile phone.
Step 2: After login, you can see the “Value Added Services” section there, select and open this section.
Step 3: Now on the next screen, tap on the “Positive Pay – Cheque Request” option as you can see in the below screenshot.
Step 4: Now select your account number, enter cheque number, cheque date, amount, trans code, MICR code, and payee name, and click on proceed button and submit your cheque details to the bank.
If you don’t know your cheque number, trans code, MICR code then see the below image for guidance.
You can also submit your cheque details to the bank without mobile banking. Just visit (https://apps.indianbank.in/positivepay) and enter your account number and cheque details and submit.
After submitting your cheque details to the positive pay system, now you can hand over your cheque to the payee.
Hope you now understand how to send your Indian Bank cheque details online to the bank using the positive pay system (PPS). You can also use net banking to access PPS online.