Enhancing Cheque Security with Positive Pay System (PPS)

At The Gurgaon Central Cooperative Bank Ltd., we prioritize the security of our customers' financial transactions. To prevent cheque fraud and unauthorized transactions, we have implemented the Positive Pay System (PPS) as per the guidelines of the Reserve Bank of India (RBI). This system ensures that high-value cheques are processed securely and efficiently under the Cheque Truncation System (CTS).

What is the Positive Pay System (PPS)?

The Positive Pay System (PPS) is a mechanism to verify high-value cheques before they are cleared by the bank. Under this system, customers issuing cheques above a specified amount must share cheque details with the bank before submission. This ensures that only authorized cheques are honored, preventing fraud and unauthorized alterations.

Key Features of PPS

• Enhanced Security: Prevents cheque fraud by verifying cheque details before processing.
• Mandatory for High-Value Cheques: Required for cheques above Rs. 50,000 (limit may vary as per RBI guidelines).
• Quick & Seamless Processing: Ensures faster clearance of cheques while reducing the risk of forgery.
• Reduces Dishonored Cheques: Minimizes chances of fraudulent alterations, thereby reducing cheque returns.

How Does PPS Work?

1. Customer Issues a Cheque:

   • The cheque issuer provides cheque details such as cheque number, date, payee name, amount, and account number.

2. Submit Cheque Details to Bank:

   • Customers must submit cheque details through PPS Portal, PPS App, E Mail, or by visiting the branch submit the form before presenting the cheque.

3. Bank Verifies the Details:

   • The bank matches the submitted details with the cheque received for clearing.

4. Cheque Clearance:

   • If the details match, the cheque is processed.
   • If there is a mismatch, the bank may contact the customer for confirmation or reject the cheque.

How to Register for Positive Pay System?

Customers can register for PPS using the following methods:

• PPS Portal: Log in through registered mobile and enter cheque details under the Positive Pay section.
• PPS App: Click Here download APK
• Bank Branch: Visit your nearest branch and provide cheque details manually. (Download PPS Form)
• Email Submission: Email-based submission of cheque details. ( cbsgurgaon.haryana@gmail.com)

Important Points to Remember

• PPS is mandatory for cheques above Rs. 5,00,000 as per RBI guidelines, but banks may set a lower limit.
• Cheques not registered under PPS may be returned or delayed in processing.
• Ensure cheque details are submitted before the cheque is presented for clearance.
• Customers must provide accurate information to avoid cheque rejection.

Why Choose Our Bank for PPS?

• Secure Transactions: Added protection against cheque fraud.
• Easy Registration: Multiple channels to register your cheque details.
• Efficient Processing: Faster clearance and reduced chances of fraud.
• Customer Support: Dedicated assistance for cheque-related queries.

For further details on the Positive Pay System (PPS) or assistance with registration, visit your nearest The Gurgaon Central Cooperative Bank Ltd. branch or contact our Clearing Customer Support at +91 83768 01200.

Your Security is Our Priority!