Positive Pay System (PPS)

We would like to inform you that from January 1, 2021, RBI has advised banks to make the facility of Positive Pay available to customers issuing high value cheques.

 

 

RBI has introduced Positive Pay System to further augment customer safety in cheque payments and reduce instances of fraud occurring on account of tampering of cheque leaves. With this process, the issuer of the cheque will be required to submit certain minimum cheque details (such as date, instrument number, amount, etc.) to the drawee (issuing) bank. The details of the cheque will be verified with the presented cheque by Cheque Truncation System (CTS), and any discrepancy will be flagged to the drawee bank and presenting bank for redressal measures.

With reference to the above, you are required to provide the cheque details issued by you (viz. cheque date, 6-digit cheque number, amount, beneficiary name) by visiting your nearest bank branch on the same day as issued by you or before it is handed over to the beneficiary

 

Accordingly, Janakalyan Sahakari Bank introduces a mechanism of Positive Pay for all cheques of value ₹ 5,00,000 and above. Through Positive Pay, cheques will be processed for payment by the drawee bank based on information passed on by its customer at the time of issuance of the cheque.

 

 

>> Click Here to Enter/Update the issued Cheque details under Positive Pay System

 

OR

 

>> Through Using Positive Pay System – Android Mobile App

 

OR

 

>> Contact the nearest Branch, fill in the necessary Application Form and submit the same to the Branch

 

 

>> You need to share the following details of the issued cheque at least 24 working hours before the cheque is presented in the clearing.

 

>> When the payee submits the cheque for realization via CTS clearing, details (account number, 6 digit cheque number and cheque amount) will be validated which have been provided to the Bank through Positive Pay.

 

>> Positive Pay System enables an additional security layer to the cheque clearing process.

 

 

 

Step 1 - Click Positive Pay Link from Janakalyan Bank website

 

Step 2 - Enter Customer ID & Registered Mobile Number* for validation purpose. After validation Customer will get the OTP on registered mobile Number.

 

Step 3 - All the accounts on the basis of customer number will be displayed, select Account number from Drop down list.

 

Step 4 - Input Beneficiary Name, 6 digit Cheque Number, Select the date of the instrument, Cheque Amount (Minimum of Rs.5,00,000/- and above), Remarks (Cheque description for customer)

 

Step 5 - Optional - Customer can also upload the image of cheque

 

Step 6 - Submit the data post verification of details

 

 

Cheque Details entered through above option can be viewed/edited/updated through this option, 24 hours before the cheque receives in CTS clearing.

 

 

Cheque Details entered through above option can be viewed for pending confirmation through NPCI.

 

 

All the Inward Cheques entered previously through above option can be viewed with the Status through this Report option for the given date range.

 

 

1. The details are to be provided only for cheques issued by you manually on the same day as issued by you or before it is handed over to the beneficiary.

 

2. Kindly ensure that the cheque details submitted are correct, to keep it from getting rejected or returned.

 

3. Availing of the facility will be at the discretion of the customer. In case details of manually issued cheques are not provided, existing clearing process will continue without Positive Pay check.

 

4. Cheques which are compliant with the above process, will be accepted under dispute resolution mechanism at the CTS grids i.e. in case the cheque issuance details are not shared with drawee (issuing) bank, the right to raise a complaint under Dispute Redressal Mechanism where an altered cheque is paid from the account will be forfeited.