As per the new Positive Pay System, the issuer must electronically transmit certain information to the drawee bank via SMS, mobile banking, internet banking, ATMs, etc., such as the beneficiary's name, the date of issue, etc. Later, while processing payments, the details will be double-checked.
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Wednesday, August 31, 2022
ATTENTION SBI customers! Here's how to submit HIGH VALUE cheque in a few clicks using SBI Yono, Net Banking & Mobile Banking
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