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Daily Archives: August 9, 2020

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What is a positive pay cheque?

Current Account, DepositsBy Surendra NaikAugust 9, 2020Leave a comment

On Thursday (6th August), on the eve of the Statement on Developmental and Regulatory Measures, RBI Governor Mr.Shaktikant Das announced “To enhance safety of cheque payments, it has been decided to introduce a mechanism of Positive Pay for all cheques of value ₹50,000 and above. This will cover approximately 20 per cent and 80 per…

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