CENTRALISED POSITIVE PAY SYSTEM (CPPS)
It is another step by RBI towards customer safety while making payments through cheques. To minimize instances of fraud occurring due to tampering of cheque leaves, a mechanism of the Centralised Positive Pay System (CPPS) for all cheques of ₹50,000 and above will be introduced. It is a process of reconfirming the details of cheques issued.
Centralised Positive Pay System (CPPS), is a mechanism where the customer and/or the Bank have to upload the details of cheques or instruments issued by the customer on the platform provided by NPCI. Simply, the issuer of the cheque will submit the details of the cheque to the Drawee Bank through various modes like SMS, Internet Banking, Mobile Banking, or any other mode provided by the Drawee bank. NPCI will make the required system or mechanism available to the Banks. Banks will upload the data collected/provided by its customer to CPPS.
Various details to be provided like:–
- Amount of the Cheque,
- Cheque Number,
- Date of the cheque,
- Payees Name,
- Drawer’s Account Number,
- Drawee Bank Name
- Drawee Bank MICR Code
- Transaction code
When the said cheques are presented in the clearing, the mechanism will cross-check the cheques presented with the details already provided by the customer and/or drawee Bank.
The Centralised Positive Pay System (CPPS) will report with flags as follows:
- Exact match found,
- Partial match found,
- Relevant data not available in CPPS
(And the system will share a separate technical specification document with the member banks in clearing).
Based on the report, discrepancies/ issues found if any will be taken care of by the presenting Bank or the drawee Bank while processing the instruments. Viz. Banks can check the cheques received in inward clearing and for cheques with discrepancies flagged in reports, can get confirmation from the customers regarding the issuance of the cheques. And accordingly, Banks can take decisions whether to honor or return the cheques.
At present, the system will be available for cheques of Rs.50,000/- and above, but Banks may make it mandatory for customers depositing cheques of Rs.5,00,000/- and above.
The Dispute Resolution Mechanism of RBI will only accept dispute queries of cheques that are compliant with Centralised Positive Pay System (CPPS) at CTS grids.
Details uploaded in any one CTS grid will be available to all the three CTS grids.
NPCI will develop the required mechanism or system and make it available to the member/participant Banks. However, the Banks should make necessary arrangements to bring awareness of the said mechanism among their customers.
RBI has decided to implement the system with effect from 1st January 2021.
My bank has not provided either a mobile no. or branch email ID. Now how do I upload the details.
Sir/Madam, you can also give the details across the counter of your bank. Then the details provided by you will be uploaded by your bank to the specified site
limit increased to rs 2 lakhs
As per my knowledge, RBI or NPCI have not made any changes in the limits prescribed by them, but certain banks I think specified the limit of Rs.2 lakh. Further, I humbly request you to provide me with any link or circular details if you have, so that I can update the blog and can provide all my readers with the updated one.
Thank you very much…., and I welcome you for any further suggestions you have for me.
It is not always possible to furnish the account no. of payee by the person drawing cheque.
Sir, you are absolutely right and thank you very much for giving me an opportunity to correct the wordings. As it should be the Issuers account number. I have omitted the word Issuer or drawer of the cheque. As if the account holder is directly fed the information in Banking app providing account number may not be required in case he is having a single account, as Banking apps already provide user id’s. But if a account holder intend to give the cheque details across the counter, then he will be required to specify his account number too.
Thank you once again, Sir…
For centralised positive pay system could anybody share sms no of PNB
these are customer care numbers on the site:
Toll Free No.
1800 180 2222
1800 103 2222
Tolled No. 0120-2490000
Landline :011-28044907
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