Cheque returned by Punjab National Bank from a basic account which was opened 15 years ago.

[mukesh01]

We gave a cheque of ₹5 lakh + and it was dishonored and issue raised was this, can anyone please explain what is this?

 

[CardCraftsman.]

We gave a cheque of ₹5 lakh + and it was dishonored and issue raised was this, can anyone please explain what is this?

You have to register cheque details for PPS after a certain amount decided by bank/5lakhs set by RBI. Search about PPS <with your bank name> to know process

 

[Anindya98]

We gave a cheque of ₹5 lakh + and it was dishonored and issue raised was this, can anyone please explain what is this?

The Positive Pay System (PPS) is a security measure that banks use to prevent cheque fraud. The system involves the cheque issuer providing certain details to the bank at least 24 hours before presenting the cheque:
Account number, Cheque number, Date of cheque, Amount, Transaction code, Beneficiary name, and MICR code.