To avail this facility, the account holder (drawer of the cheque) needs to share cheque details MANDATORY at the time of issuance of the cheques for amounts of INR 5,00,000/- and above. For the cheques for amounts of INR 50,000/- to INR 4,99,999/- is optional.
Cheque details to be submitted are as under:
- Select Account Number
- Beneficiary Name
- Cheque Date
- Cheque Number
- MICR Code
- Short Account Number
- Transaction Code
These details can be submitted by the account holder to the bank by either the Positive Pay Mobile Application of GSC Bank (Download from Google Play Store) or filling a simple Positive Pay form. (In case branch submission)
We request our customers to please make a note of the following:
- Insufficient and incorrect details will lead to cheque return
- To enable the validation through Positive Pay, the cheque detail mentioned above should be available with the bank one working day prior to the cheque presentation date.
- Only cheques that are compliant with the Positive Pay System will be accepted under RBI dispute resolution mechanism between the presenting and paying banks.
Assuring you of our best services at all times
How to use this application?