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Positive Pay System: Know how it prevents cheque fraud and secures high-value transactions

As scams grow more sophisticated, at least you have one less thing to worry about—cheque fraud. The Reserve Bank of India (RBI) implemented the Positive Pay System (PPS) back in 2021, which has ...
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Phase-II Of Cheque-Clearing System Postponed: RBI

The second phase of the cheque clearing system has been postponed until further notice to allow more time for banks to streamline their operations, the RBI said on Wednesday. Earlier, lenders were ...