Positive Pay
A RBI-mandated fraud prevention system for high-value cheques of ₹5,00,000 and above.
What is Positive Pay?
The concept of Positive Pay involves a process of reconfirming key details of large value cheques. Under this process, the issuer of the cheque submits electronically, through mobile app, certain minimum details (like date, name of the beneficiary/payee, amount, etc.) to the drawee bank.
These details are then cross-checked with the presented cheque by CTS (Cheque Truncation System), significantly reducing the risk of cheque fraud.
Cheque Security
Verified. Protected. Safe.
How to Use – JFinPay+ Mobile App
After completing branch registration, follow these steps in the JFinPay+ app available on Google Play Store.
Register at Branch
Visit nearest branch and complete the Positive Pay registration.
Download JFinPay+
Download JFinPay+ from Google Play Store and grant all required permissions.
Enter Mobile & MPIN
Enter registered mobile number, create a 6-digit MPIN and confirm it.
Verify OTP
Enter the OTP received on your mobile and press SUBMIT to confirm registration.
Complete Setup
Enter 6-digit MPIN and click next. Registration is complete.
Upload Cheque Details
Scan or enter cheque details and upload to the bank before presenting the cheque.
