Bank Cheques Rules: This bank has changed the rules regarding cheques, if you do not do this then your money will get stuck

Bank of Baroda: Bank of Baroda’s check will not be cleared if you do not do this. BoB’s rules have changed. If you do not give information to the bank, the bank will not pass the check. Your money transfer work may get stuck

Bank of Baroda: Bank of Baroda’s check will not be cleared if you do not do this. BoB rules have changed. If you do not give information to the bank, the bank will not pass the check. Your money transfer work may get stuck. Bank of Baroda has decided to reduce the mandatory limit of Positive Pay System to strengthen the security of the check and prevent fraud. Earlier this facility was applicable on checks of Rs 5 lakh or more, but now this value has been reduced. Now it will be mandatory to give information to the bank even on checks of Rs 2 lakh.

What is Positive Pay System?

The Positive Pay System was started by the Reserve Bank of India (RBI) on 1 January 2021. Under this, before issuing a check to the customer, the bank has to give some important information related to that check, such as check number, date, amount, beneficiary name etc. With this, the bank will have to verify the information given in the check before clearing it. So that the chances of fraud are reduced.

When will the changed rule come into effect?

Bank of Baroda has now decided to make this system mandatory on checks of low amounts as well. This will be implemented in three phases.

From May 1, 2025: Mandatory on checks of Rs 4 lakh or more

From August 1, 2025: Mandatory on checks of Rs 3 lakh or more

From November 1, 2025: Mandatory on checks of Rs 2 lakh or more

How to send Positive Pay information?

Bank of Baroda has given many easy options for customers through which they can send check information.

Mobile Banking (Baroda M-Connect Plus)

Net Banking (BOB iBanking)

By visiting the bank branch

By sending an SMS

Through the call center

WhatsApp banking

Through the bank’s website

Send the information to the bank before handing over the cheque, so that there is no hindrance in clearance.

How to do Positive Pay Confirmation through mobile banking?

Log in to the Baroda M-Connect Plus app.

Go to Request Services and select Positive Pay Confirmation.

Select the account

Fill in the cheque number, amount, beneficiary’s name, date and transaction code.

Verify by entering MPIN.

How to do Positive Pay Confirmation through Net Banking?

Log in to BOB iBanking.

Go to Services > Cheque Book > Centralized Positive Pay Mechanism

Fill in all the required details of the cheque

Confirm by entering the transaction password

If you are issuing a cheque of Rs 2 lakh or more, then it will be mandatory to give Positive Pay Confirmation after the due dates. This will keep your amount safe and prevent fraud.

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