Our HelpLines Numbers
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Toll Free Helpline1800 1030
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Email Helplinehocss1@canarabank.com
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NRI Complaints080-22084232080-68212121
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Credit Card HelpLines080-22064222
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The Positive Pay System (PPS)
The Positive Pay System (PPS), a tool designed to protect cheque transactions from probable fraud, the Reserve Bank of India (RBI) announced the introduction of the Positive Pay System for the Cheque Truncation System (CTS). The concept of Positive Pay System involves a process of reconfirming key details of large value cheques.Under this process, the issuer of the cheque shall submit, through channels like mobile banking app(ai1), internet banking, WhatsApp Banking, Branch Channel etc., certain details of that cheque like Cheque Number, Cheque Date, Amount, Payee's Name, and MICR Code. These details are cross-checked when the cheque is presented through CTS Clearing. Any mismatch in the details of the cheque submitted by the customer and as per the cheque received in clearing shall make cheque liable for dishonour. All our esteemed customers are requested to note that while issuing cheques for amount of ₹5,00,000/- (Rupees Five Lakhs Only) and above, mandatory need to register cheque details with PPS. In case the cheque details are not submitted to PPS, such cheques shall be liable to be dishonoured and returned to the presenting Banker.