As per Reserve bank of India Notification No. DPSS.CO.RPPD.No.309/ 04.07.005/2020-21 dated September 25, 2020.
Bank of India has introduced and implemented the Centralised Positive Pay System (CPPS) for cheques of Rs 50,000/- and above for CTS w.e.f 01st January, 2021 in a bid to enhance safety and eliminate cheque related frauds by reconfirming key details of large value cheques.
The Customers need to share the following details of the issued cheque immediately to the bank
Customer can give cheque details through any of the below channels:
Customers can provide their positive pay mandate/ confirmation on their issued cheques to the beneficiary through Virtual Mobile Number 7669300024 from his/ her registered mobile number. Customers have to submit all the 5 mandatory inputs with prefix PPS as under:-
|Key Word||Account No.||Cheque Number||Cheque Date||Amount in actual / Rupees & paisa||Payee Name||To VMN|
Ex: PPS 000110110000123 123456 01-01-2022 500000.75 ABCD_EFG
|Account No||15 Digit BOI account number of Drawer|
|Cheque No||6 digit issued cheque number|
|Cheque date||Cheque issue date (in DD-MM-YYYY)
Drawer should ensure about the cheque validity i.e. it should not be a stale cheque.
|Amount||Amount in actual / Rupees & paisa ( upto 2 decimal) without any special character in between digit|
|Payee Name||First, Middle & Surname of Payee’s name should be separated by underscore (_).|
Customer can provide their Positive Pay confirmation by submitting details of cheque issued in prescribed requisition slip (Click here) through personal visit to home branch where their account is maintained during the business hours of the respective branch.
Customer can provide their Positive Pay Confirmation as per the below step through BOI Mobile App (Download BOI Mobile App from Google Play Store)
Login to BOI Mobile App using login credentials -> Click on Service Request -> Click on Positive Pay System -> Select Account Number from dropdown list for which Cheque to be issued -> Input the Cheque number and verify it by clicking on Verify button -> fill the following information:
(b) Cheque issue Date
(c) Payee Name
After input of above information, customer has to click on Submit button and subsequently, customer has to authenticate the entered PPS details by their transaction password.
Customer can provide their Positive Pay Confirmation as per the below step through Net Banking.
For Login to Retail Internet Banking: Click Here
For Login to Corporate Internet Banking: Click Here
Login to Net Banking using login credentials -> Click on Request -> Click on Positive Pay System (PPS) -> Click on PPS Request -> Select Account Number from dropdown list for which Cheque to be issued -> fill the following information:
(a) Cheque No
(b) Cheque Issue Date
(d) Payee Name
After input of above information, customer has to click on Continue button and subsequently, customer has to authenticate the entered PPS details by their transaction password.
Note: Corporate users will be able to submit PPS request via net banking with single user approval unless maker-checker rules are specifically added for PPS, irrespective of the operating instructions mandate given in the particular account to which the respective cheque belongs.