Centralised Positive Pay System (CPPS)
Enhanced Transaction Security & Counterfeit Elimination for High-Value Cheques of ₹50,000/- & Above
Statutory Implementation of Centralised Positive Pay System
As per the directives of the Reserve Bank of India (RBI) and National Payments Corporation of India (NPCI), Balageria Central Co-Operative Bank Ltd. (BCCB) has implemented the Centralised Positive Pay System (CPPS) for cheques of ₹50,000/- and above under Cheque Truncation System (CTS) clearing w.e.f 01st January, 2021.
Positive Pay is a fraud prevention mechanism that re-confirms critical cheque parameters prior to clearing. Under RBI regulations, only cheques verified under the Positive Pay System are eligible for CTS dispute redressal mechanism.
Positive Pay System Portals
Dedicated, 256-bit SSL encrypted portals for bank administrators, branch operations, and valued depositors
Admin Portal
Central clearing oversight, high-value image matching, exception approval, and audit logs.
Branch Portal
Counter slip logging, customer verification, CTS image verification, and branch approvals.
Customer Portal
Direct online submission for account holders to submit cheque details 24x7 before issuance.
5 Key Parameters Required for Cheque Submission
Customers issuing high-value cheques of ₹50,000/- and above are advised to furnish the following 5 parameters at least 24 hours prior to presenting the cheque in CTS clearing:
Physical Confirmation at Branch Counters
Don't have internet access? You can submit the physical Positive Pay Confirmation Form directly at your nearest BCCB branch counter during banking hours. Hard copy slips are available free of cost at all 12 branches.