Current Affairs

GK MCQs Section
Q. Which institution developed the ‘Positive Pay System (PPS)’ for cheque payment?
Answer: National Payments Corporation of India
Notes: Punjab National Bank has recently made the Positive Pay System (PPS) compulsory for cheque payments worth Rs 10 lakh and above. Under the Positive Pay System (PPS) developed by the National Payments Corporation of India (NPCI), a customer issuing the high-value cheque has to reconfirm some essential details before clearing. It aims to protect the customers from security threats
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