PNB Positive Pay System: Punjab National Bank is going to change the check payment system for its customers from April 4.
PNB Positive Pay System: Payment rules are going to change for the customers of Punjab National Bank (PNB). According to the official website of the bank, from April 4, the bank is going to change the rules of Positive Pay System (PPS) for payment by check for its customers.
PNB said that from April 4, verification of the positive pay system will be mandatory for customers of the bank making payments above Rs 10 lakh.
PPS Safeguards you against various kinds of cheque frauds. Account holders may submit the cheque details at branch or through digital channels i.e
– Internet Banking Service Retail & Corporate
– PNB One
– SMS Banking pic.twitter.com/t5Fp8CXYvP— Punjab National Bank (@pnbindia) February 25, 2022
These details will be necessary
For the positive pay system of Punjab National Bank, customers are required to give details of their account number, check number, check alpha, check date, check amount, beneficiary name etc. to the bank.
In the absence of positive pay verification, the bank does not pay your cheque. Such check will be returned back.
What is positive pay system
Punjab National Bank (PNB) said that the Positive Pay System (PPS) protects you from various types of check payment frauds. Account holders can deposit the check details at the branch or through digital channels.
Customers can use the bank’s internet banking service, mobile app PNB One or SMS Banking for this.
For more information, PNB customers can call on the bank’s official website or toll free number 18001802222 or 18001032222.
