What is Positive Pay System for cheques? What is PPS for Cheques Reserve Bank of India (RBI) has announced introduction of Positive Pay System (PPS) for Cheque Truncation System (CTS) vide their Circular No. RBI/2020-21/41 http://DPSS.CO.RPPD.No.309/04.07.005/2020-21 … Continue reading What is Positive Pay System for cheques? What is PPS for Cheques