Positive Pay: A system to enhance cheque security

Positive Pay System for cheques is an enabler, and we all ought to use it for any high value cheques that we issue.IntroductionReserve Bank of India (RBI) had announced introduction of Positive Pay System for Cheque Truncation System (CTS) 2010.[Read about CTS 2010 here]History of Positive PayNational Payments Corporation of India (NPCI) has developed the facility of Positive Pay in CTS and made