Bank of Baroda customers alert! Cheque payment rules will change from THIS date

Sharing the information from its official Twitter account, Bank of Baroda said that from June 1, the bank is going to make Positive Pay confirmation mandatory. 

New Delhi: Bank of Baroda has recently issued a new notification for its customers regarding the stringent rules of cheque payment that is going kick in from the beginning of next month. Sharing the information from its official Twitter account, Bank of Baroda said that from June 1, the bank is going to make Positive Pay confirmation mandatory. Under this, if the payment of more than Rs 2 lakh is made through cheque, then the customer will have to confirm again. The transaction will be completed only when this process completes. Otherwise the cheque will be cancelled. We are committed to making your banking transactions secure. And with the Positive Pay System, we are here to offer you protection against cheque frauds. With #BankofBaroda, #StaySafeBankSafe pic.twitter.com/dkWkHz3RqU