What is Positive Pay System?

The Positive Pay System (PPS), mandated by the Reserve Bank of India, enhances the safety of cheque-based transactions by requiring the issuer to confirm key details. Investment in the modern era goes beyond traditional assets; it now includes safeguarding your transactions against fraud. Submitting these details helps prevent fraud, as any discrepancy between the details you've provided and the cheque presented will flag the cheque for review. This additional layer of security ensures that high-value cheques are doubly protected.Read more

How it works

When you issue a cheque for ₹50,000 or more, you enter its details – date, payee name, amount – into the system via KBL's digital platforms or at a branch. This information is cross-checked when the cheque is presented for clearing. For cheques of ₹5,00,000 and above, this step is mandatory. Any discrepancy between the details you provide and the cheque presented will flag the cheque for review.

Optional

For cheques with a value of

50,000 to 4,99,999

Mandatory

For cheques with a value of

5,00,000 and above

Other ways to submit PPS information

KBL Mobile Plus app

KBL mPassbook app

Nearest bank branch

Got questions? We’ve got answers.

How do I open an account with your bank?

Yes, you can change your type of savings account. Please visit the branch to change yoursavings account variant.

Yes, you can change your type of savings account. Please visit the branch to change yoursavings account variant.

Yes, you can change your type of savings account. Please visit the branch to change yoursavings account variant.

Yes, you can change your type of savings account. Please visit the branch to change yoursavings account variant.

Yes, you can change your type of savings account. Please visit the branch to change yoursavings account variant.

Yes, you can change your type of savings account. Please visit the branch to change yoursavings account variant.

The Positive Pay System enhances the security of cheque transactions. By submitting cheque details to Karnataka Bank for verification, it minimizes the risk of cheque fraud. This system is particularly beneficial for high-value transactions, providing an added layer of security.

This system brings efficiency and peace of mind to cheque issuers. By allowing the pre-verification of cheques, it ensures that only authentic cheques are cleared. The process is straightforward and can be done through the bank's digital channels, adding convenience to your cheque issuance routine.

Do ensure accurate submission of cheque details, including date, amount, and payee name, and submit these details within the stipulated timeframe. Regularly review your account statements to verify cheque clearances. Don't delay in reporting any discrepancies you notice in cheque transactions, and avoid sharing your cheque book and banking details with unauthorized persons.