This article will help you to understand How to Submit Bank of India Cheque Details (Positive Pay) Online. In our previous article, we told you about the procedure of BOI Passbook Statement Download Online This article describes the positive pay Bank of India.
Contents
What is Positive Pay System for Cheques Payment?
Positive Pay System for Cheque Truncation System was introduced by RBI in September 2020. But practically, PPS (Positive Pay System) was implemented on Jan 1, 2021. The motive behind Positive Pay System is to enhance the safety of the cheque clearance system.
In this new system called Positive Pay Cheque System now if a person issues a heavy amount Cheque (above Rs. 50,000) to the payee then he needs to provide all the necessary details of that Cheque to his bank. The details include Cheque Number, Name of Payee, Amount, Date mentioned on the Cheque, etc. For providing these details drawee has to choose the electronic mode such as SMS, Net Banking, Mobile Banking or by using ATM whatever is being provided by his bank.
During cheque clearance, these provided details will be cross-checked with the details given by the Cheque Truncation System (CTS). If any tampering is found, the process of the cheque clearance will halt and appropriate steps will be taken.
Many of the banks including HDFC, Canara, BOB, ICICI, SBI, etc. already have started using Positive Pay for Cheques and have provided guidance related to this newly implemented system on their official websites. Now Bank of India (BOI) is also going to join this list of banks.
It depends on banks for which amount (must be above Rs 50000) they make Positive Payment compulsory for their customers. But According to RBI, Positive Pay System is a must for the value of cheques of Rs. 500000 and above.
Requirements for Submitting Details in Bank of India Positive Pay System
- Secured Internet Connection
- BOI Mobile App – BOI Mobile
- Registered Mobile Number with Bank of India
Also Read:
- How to Submit Bank of India Cheque Details (Positive Pay) Online
- How To Download Bank of India Account Statement Online?
- How to Update KYC Online in Bank of India?
Steps To Submit Cheque Details (Positive Pay) Online in Bank of India by Mobile App
- Firstly, log in to your Bank of India Mobile App using your login ID and Password.
- Now, Click on the “Service Request” option.
- Then tap on the Positive Pay System option.
- Now, on the next screen, you have to select the Drawers Account Number which is your own Account Number from which you want to make a Cheque payment.
- Now, enter the 6-digit Cheque Number and Click on the verify button.
- Then you have to enter the amount of the Cheque.
- Then fill in the Cheque Date which was mentioned on the Cheque.
- Now, enter the Payee Name (the person to whom you issued the Cheque).
- Then you can Add a Remark ( why you are issuing the cheque) but this option is optional.
- Now Click on the “Submit” button
- Enter the transaction password and click on the Ok button.
- In the end, the Transaction reference number will be generated after completing the process.
- A message will be displayed on your screen saying the transaction is successful with all the details you provided it will be shown on the screen.
Final Words
We hope this guide helped you in completing the steps to send details to the Bank of India Positive Pay System. If you still face any difficulty you can call Bank of India Customer care number 1800 220 229 for further help. Also, you can comment below for more information about Positive Pay Bank of India.
Sir,
I am Sr Citizen and I cannot visit branch every time to fill PPS form . I also not keen to activate Fund Transfer by Internet as it is too risky.
Will you pl advise what best alternative do I have to bypass this new rule and yet remains on safer side as per RBI guide lines
Prafull M Pradhan
Vile Parle East
Mumbai 400-057
Email : [email protected]
Cell : 9820038251
Hi Prafull,
Currently, you can submit the details via Net Banking or Mobile Banking, if you want to use Online options. On the other hand, in the Offline option, you have to visit your home branch along with your KYC documents. There is no other option available in BOI for submitting cheque details under PPS.
Alternatively, if you are not into transferring amount online then you can do the payment by cheque and use the above mentioned Mobile banking option for sending details of the cheque in PPS (not for money transfer).
For any other information, you can call the customer care toll free number of Bank of India +91 1800 103 1906
Thank you
This is a very good method for presenting the details of high value checks on the positive pay system.
It facilitates clearance of checks on cross checking details.
But still there is lecunas about the fact that even after giving details in positive pay system, the check is not cleared due to minor reasons.
it should be considered and clearance should made on the fact furnished in positive pay system.
I am facing this problem right now.
This is a very good method for presenting the details of high value cheque on the positive pay system.
It facilitates clearance of cheques on cross checking details.
But still there is lecunas about the fact that even after giving details in positive pay system, the cheque is not cleared due to minor reasons.
it should be considered and clearance should made on the fact furnished in positive pay system.
I am facing this problem right now.