Speaking about cheques, there are many types of cheques which include- post-dated, self, order, crossed, traveller's, bankers and so on. Right from bank accounts, types of cheques, fixed deposits, investments to types of loans, digital gold and more, you can sure to never miss out on up-to-date knowledge available at digital medias or at the bank if visited in person.Ī common man often deals with just the basic activities at the bank, the actions may involve opening a bank account, handling a bearer cheque, depositing cash or such related banking tasks which are simple to understand and even to execute. The banking industry, to which we are connected directly or indirectly is a huge sphere and it is updated with information and services at a rapid speed. But do we ever pause and wonder what type of cheque they are filling or submitting? Mostly we don’t! Either we are in a rush for getting our work done at the bank counter or we have no time or interest to know. While visiting a bank, we often notice customers at various counters, out of which some of them are dealing with cheques. Rest all the modes/channels will be available 24x7 to provide the Positive Pay confirmations," said BoB in its circular.A bearer cheque entitles the person who submits it to the bank to withdraw the money. Confirmation through Branches can be provided during the normal business hours of the respective Branch. Afterwards, all the confirmations will be processed for subsequent clearing session. “Confirmations submitted/verified up to 06.00 PM (daily) through any channel/ mode will only be processed for the next clearing session. Call Center: - Upon completing the customer identification procedure, a customer can submit their Positive Pay confirmation by calling the toll-free numbers 18 or 18. The payee's name must be entered with no spaces and all input fields must have spaces.ĥ. SMS: - Customers must use the virtual mobile number 8422009988 to confirm to the recipient that their issued cheques are valid. Customers must fill out the required fields on the specified application format and are required to submit their confirmations within the branch's business hours.Ĥ. By Branch visit: - Customers can visit any BOB Branch to provide their Positive Pay confirmation. Transaction Code > Confirm>Transaction Password >Submitģ. Select operative account > Cheque number 3. Net Banking (BOBibanking): - Enter log in credentials > select option > Services > Cheque Book > Centralized Positive Pay Mechanism > response to the mandatory fields > 1. Transaction Code > Confirm>MPIN>Submit.Ģ. Mobile Banking (Baroda M-Connect Plus): - Enter log in credentials > select option> Request Services> Positive Pay Confirmation > Select operative account > Enter Cheque number > response to the rest of the mandatory fields 1. However, customers can stop the payment of issued cheques at any point of time before its presentment / payment in CTS clearing or at counter."Ĭustomers of BoB can provide Positive Pay confirmations through the following channels/modes as per the website of BoB.ġ. If the submitted key details match those on the physical cheque submitted in the CTS clearing, the cheque will be accepted otherwise, it will be cancelled if Positive pay system confirmations are not made or provided.Īgainst modifying or deleting a submitted Positive pay system confirmation, BoB has stated in its circular that “There is no option for Modification or deletion of a registered confirmation in any mode because, modification/deletion could not takes place once the data will be submitted to the server provided by the National Payment Corporation of India. Customers must input six mandatory details for Positive Pay confirmations, including payee's name, cheque date, amount, account number, cheque number and transaction code. 50,000 and above using M Connect+, Baroda Net Banking (BOBiBanking), through a branch, or by SMS. Positive Pay can be used to validate cheques for Rs.
0 Comments
Leave a Reply. |
Details
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |