RBI secured cheque payments via ‘positive pay’ feature
Reserve Bank of India (RBI) will make cheque payments safer and reduce instances of frauds by the introducing of new ‘Positive Pay’ mechanism. Issuers will be able to send all details to their bank, thereby ensuring faster clearance of cheques above Rs 50,000. Daily Current Affairs Quiz 2020 Key-Points All cheques will be processed as […]
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