Punjab National Bank News: Important cheque clearing update for PNB account holders - Positive Pay System
The Delhi-headquartered lender introduced PPS for cheques of Rs 50,000 and above presented in CTS clearing from January 1, 2021, in accordance with the RBI guidelines.
PNB said to protect the bank customers against large-value cheque frauds, it will make the Positive Pay System (PPS) mandatory from April 4, 2022. Reuters Photo