#

Positive Pay System

 
 

Positive Pay System (PPS):

As per Reserve bank of India Notification No. DPSS.CO.RPPD.No.309/ 04.07.005/2020-21 dated September 25, 2020.

Bank of India has introduced and implemented the Centralised Positive Pay System (CPPS) for cheques of Rs 50,000/- and above for CTS w.e.f 01st January, 2021 in a bid to enhance safety and eliminate cheque related frauds by reconfirming key details of large value cheques.

The Customers need to share the following details of the issued cheque immediately to the bank

  • Drawers Account Number
  • Cheque Number
  • Cheque Date
  • Amount
  • Payee's Name
 

Now, Bank has decided to make Positive Pay System (PPS) mandatory for cheques of Rs 5.00 lakhs & above for CTS w.e.f 01.01.2022 with following customer specific relaxations:

  • Government account holder has been allowed to send scanned copy of PPS requisition slip through their registered email ID duly authorized by their authorized signatories to their home branch.
  • Bulk facility for Corporate/Government/Institutional customers has been extended by allowing to submit cheque details in prescribed excel sheet duly verified by their authorized signatories to their home branch from their registered e-mail id or through branch channel (Home Branch Only).
 

Customer can give cheque details through any of the below channels:

  • SMS
  • Branch Requisition Slip through Home Branch Visit
  • Mobile Banking (BOI Mobile app)
  • Internet Banking
 

SMS

Customers can provide their positive pay mandate/ confirmation on their issued cheques to the beneficiary through Virtual Mobile Number 7669300024 from his/ her registered mobile number. Customers have to submit all the 5 mandatory inputs with prefix PPS as under:-

Key Word Account No. Cheque Number Cheque Date Amount in actual / Rupees & paisa Payee Name To VMN
PPS 000110110000123 123456 01-01-2022 500000.75 ABCD_EFG 7669300024
 

Ex: PPS 000110110000123 123456 01-01-2022 500000.75 ABCD_EFG

Key Word PPS
Account No 15 Digit BOI account number of Drawer
Cheque No 6 digit issued cheque number
Cheque date Cheque issue date (in DD-MM-YYYY)
Drawer should ensure about the cheque validity i.e. it should not be a stale cheque.
Amount Amount in actual / Rupees & paisa ( upto 2 decimal) without any special character in between digit
Payee Name First, Middle & Surname of Payee’s name should be separated by underscore (_).
 
Customer should ensure that:
  • All the inputs/fields in the SMS is separated by 1 (one) space and;
  • Positive pay mandate has been sent from his /her registered mobile number.

Branch Requisition Slip through Home Branch Visit - Both for Corporate & Retail Customer:

Customer can provide their Positive Pay confirmation by submitting details of cheque issued in prescribed requisition slip (Click here) through personal visit to home branch where their account is maintained during the business hours of the respective branch.

Mobile Banking (BOI Mobile App) - Only for Retail Customer:

Customer can provide their Positive Pay Confirmation as per the below step through BOI Mobile App (Download BOI Mobile App from Google Play Store)

Login to BOI Mobile App using login credentials -> Click on Service Request -> Click on Positive Pay System -> Select Account Number from dropdown list for which Cheque to be issued -> Input the Cheque number and verify it by clicking on Verify button -> fill the following information:

(a) Amount

(b) Cheque issue Date

(c) Payee Name

After input of above information, customer has to click on Submit button and subsequently, customer has to authenticate the entered PPS details by their transaction password.

Net Banking (for Retail & Corporate Customer):

Customer can provide their Positive Pay Confirmation as per the below step through Net Banking.

For Login to Retail Internet Banking: Click Here

For Login to Corporate Internet Banking: Click Here

 

Login to Net Banking using login credentials -> Click on Request -> Click on Positive Pay System (PPS) -> Click on PPS Request -> Select Account Number from dropdown list for which Cheque to be issued -> fill the following information:

(a) Cheque No

(b) Cheque Issue Date

(c) Amount

(d) Payee Name

After input of above information, customer has to click on Continue button and subsequently, customer has to authenticate the entered PPS details by their transaction password.

Note: Corporate users will be able to submit PPS request via net banking with single user approval unless maker-checker rules are specifically added for PPS, irrespective of the operating instructions mandate given in the particular account to which the respective cheque belongs.