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cheque transactions

RBI Introduces ‘Positive Pay’, A System To Prevent Cheque Fraud; Know How It Works

indbadmin Jan 1, 2021
Mumbai: The ‘Positive Pay’ system for cheque transactions above Rs 50,000 came into force on January 1. The Reserve Bank of India (RBI) has decided to implement it to enhance safety of cheque-based transactions. So what is the Positive Pay…

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