RBI pleads ignorance about compliance of ‘Positive Pay System for Cheque Truncation System’ by all banks as per its own directive issued under Section 10(2) read with Section 18 of Payment and Settlement Systems Act, 2007 – The reply furnished by the Reserve Bank of India concerning an application filed under Section 6 of the Right to Information Act, 2005 is attached/enclosed herewith.

NOTE : The redacted portions as are marked in ‘Grey Colour’ in the PDF file attached herewith, contain the personal information as well as the registration number. The said file as is created is meant for information purposes only, considering the issue(s) involved therein, being believed to be of social interests and/or importance.

RESERVE BANK OF INDIA

36715/01.06.600/2021-22

12/04/2021

RTI Portal
She Mohit Kumar Gupta

M/s. Black Robes legal

Sir,
Application under Right to Information Act, 2005
Please refer to your application dated March 14, 2021 seeking certain information under the Right to information Act 2005
2. The information is furnished in the Annex.
 

 

 

3. We would like to inform that the First Appellate Authority in Reserve Bank of India is Shri P Vijaya kumar, Executive Director, Reserve Bank of India, Department of Payment and Settlement systems 14th Floor, Central Office Building Shahid Bhagat Singh Road Fort Mumbai 400001 Appeal, If any, in respect of the above reply, should be preferred within 30 days to the First Appelate Authority
Yours Faithfully

Central Public Information Officer

End: As above

Annex

RBI ND/R/E/21/02595

Sr. No. Information Sought Reply
Kindly provide me with the following information relating to the communication reference no. RBI/2020-21/41 DPSS.CO.RPPD.No.309/04.07.005/2020-21 dated September 25, 2020 which was made concerning the ‘Positive Pay System for Cheque Truncation System’, including electronic and scanned records requested under the purview of the Right to Information Act, 2005:
1. Provide the names of the Scheduled Commercial Banks including Regional Rural Banks Urban Co-operative Banks / State Co-operative Banks / District Central Co-operative Banks / Local Area Banks / Payment Banks / Small Finance Banks to which the above mentioned communication letter titled ‘Positive Pay System for Cheque Truncation System’ has been sent You may refer to the circular on ‘Positive Pay System for Cheque Truncation System’ issued by Reserve Bank of India (RBI), which is available on the website of RBI under the link: https://rbidocs.rbi.orq.in/rdocs/notification/PDFs/ NT4198C4166710AE4BBCB5AD754E42DA759F.PDF
2. In reference to point no. 1, provide the mode and manner (i.e. Speed Post, Registered Post, Courier, Email, Fax, By Hand etc.) by which the said communication letter has been ensured to be delivered.
3. In reference to point no. 1, provide the date of sending as well as date of delivery of the said communication letter to each one of the addressee banks. No such information is available with RBI.
4. Provide the names of the Scheduled Commercial Banks including Regional Rural Banks Urban Co-operative Banks / State Co-operative Banks / District Central Co-operative Banks / Local Area Banks / Payment Banks / Small Finance Banks which have implemented the Posi-tive Pay System for Cheque Truncation System’. No such information in the manner required is available with RBI.
5. In reference to point no. 4 above, provide the date of compliance i.e. implementation of Positive Pay System for Cheque Truncation System’ of/in each bank.
6. In reference to point no. 4 above, provide the names of the Scheduled Commercial Banks including Regional Rural Banks / Urban Co- operative Banks / State Co-operative Banks / District Central Co-operative Banks / Local Area Banks / Payment Banks / Small Finance Banks which have created adequate awareness among their customers on features of Positive Pay System through SMS alerts, display in branches, ATMs as well as through their website and
internet banking.

Download Full Text Positive Pay System – RBI pleads ignorance about compliance by Banks in India

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