PPS full form is a positive pay system. RBI has introduced this financial solution to increase the security of the cheques, especially if it is a high-value one. With a positive pay system, the one who draws the cheque authenticates important cheque details like cheque number, amount, and date. Positive Pay System ( PPS ) To safeguard your hard-earned money against cheque frauds, as per RBI guidelines, Bank has introduced Positive Pay System for cheques of Rs. 2.00 lakhs and above w.e.f. 01.01.2021. In summary, PPS is an abbreviation that can stand for various terms depending on the context, and its interpretation can vary across different fields such as technology, business, education, geography, government, law and other specialized areas. Explore the benefits of Positive Pay System ( PPS ) for cheques truncation with HDFC Bank. Enhance security, prevent fraud & streamline your financial transactions.
