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.
Bank of India Customers need to share the following details of the issued cheque immediately to the bank :
1.Drawers Account Number
2.Cheque Number
3.Cheque Date
4. Amount
5. Payee’s Name
Bank of India has decided to make PPS (Positive Pay System) mandatory for cheques of Rs 5.00 lakhs & above for CTS w.e.f 01.01.2022 . PPS can be submitted by these ways :
Branch Requisition Slip through Home Branch Visit BOI Customers can provide their Positive Pay confirmation by submitting details of cheque issued in prescribed requisition slip 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.
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.
SMS is easiest way to submit PPS Form by registered mobile
How to submit Bank of India PPS form by SMS:
Watch Video For Details :
