In a move to protect the bank customers against large value cheque frauds, Punjab National Bank (PNB) to make Positive Pay System (PPS) mandatory for the cheque of Rs 10 lakhs and above from April ...

PNB customers need to share details like account number, cheque number, cheque alpha code, issue date, amount, beneficiary name. These details are to be shared with the bank at least 24 working ...

Punjab National Bank (PNB) has asked its customers to get their non-CTS compliant cheques replaced as these instruments will not be accepted for clearance in the banking system from January. Non ...

Punjab National Bank (PNB) implemented the Positive Pay Confirmation from April 4, 2022, under the PPS framework mandatory for cheques of Rs 10 lakh and above.

As per Reserve Bank of India (RBI) guidelines, PNB had introduced PPS for cheques of Rs 50,000 and above presented in Cheque Truncation System (CTS) clearing from January 1, 2021.

PNB said, customers can use the PPS facility by providing the cheque details through the Branch office, Online Banking for individuals and businesses, Mobile Banking (PNB ONE), or SMS Banking.

Mumbai: Punjab National Bank (PNB) today signed an agreement with NCR Corporation India Pvt. Ltd. For the first image based cheque clearing system in India. This will provide clearance of ...

Earlier, PNB had said that existing cheque books of Oriental Bank of Commerce and United Bank of India will be no longer treated as valid from April 1 -- the day new financial year begins.

In a move to protect the bank customers against large value cheque frauds, Punjab National Bank (PNB) to make Positive Pay System (PPS) mandatory for the cheque of Rs.10 Lacs & above from April 4 ...

In a move to protect customers from large value cheque frauds, Punjab National Bank (PNB) on Monday announced that it has made Positive Pay System (PPS) mandatory for the cheque of Rs 10 lakhs and ...

New Delhi [India], April 4 (ANI): In a move to protect customers from large value cheque frauds, Punjab National Bank (PNB) on Monday announced that it has made Positive Pay System (PPS) mandatory ...

New Delhi, Sep 6 (PTI) Punjab National Bank (PNB) has asked its customers to get their non-CTS compliant cheques replaced as these instruments will not be accepted for clearance in the banking ...