Dear Customer, to enhance safety in your cheque payments, we offer ‘Positive Pay’ facility to update your cheque details with us while issuing. For more details Click here. - ESAF Small Finance Bank

Positive Pay

ESAF Small Finance Bank introduced ‘Positive Pay’ to ensure customers’ safety in cheque payments and to reduce instances of tampering of cheque leaves. Positive Pay involves the process of reconfirming key details of your cheques before payment. Under the process, the issuer has to submit the details of the cheques electronically to the drawee bank like cheques number, date, name of the beneficiary, cheque amount, etc. These details will be cross-checked with the presented cheques by Cheque Truncation System (CTS). This is mandatory for large value cheques for clearing. Click on the link for RBI circular