POSITIVE PAY SYSTEM (PPS)

Pala Urban Bank proudly adopts the Positive Pay System (PPS) in adherence to Reserve Bank of India guidelines since 01.01.2021, across all cheque payment modes. This proactive step underscores our commitment to safeguarding customers’ assets from fraudulent activities like cheque tampering. With PPS, customers actively participate in securing their transactions by re-confirming key cheque details like number, amount, date, and payee name. This information undergoes meticulous cross-verification during payment processing, enhancing transaction authenticity. PPS reinforces our dedication to operational excellence and customer-centricity, ensuring the security of financial transactions. Embracing advanced technologies, we remain a trusted financial institution, prioritizing customer financial well-being and peace of mind.