There are additional channels available for registration, including Mobile Banking (YonoLite), Retail Internet Banking (RINB), Corporate Internet Banking (CINB), and YONO (Mobile App).Īccording to the SBI website, “ Customers need to select an account level limit for registration. State Bank of India (SBI) customers who wish to use the service must first register their cheque-operated accounts for the Positive Pay System through one of our branches by submitting an application in the prescribed format. to the drawee bank via electronic channels such as SMS, mobile app, online banking, ATM, and so on, which are then cross-checked with the presented cheque by CTS. The issuer of the cheque provides some minimal details of the cheque like date, name of the beneficiary/payee, amount, etc. SBI Positive Pay: Positive Pay is a concept that entails reconfirming critical data on large-value checks.
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