Currently, Positive Pay is mandatory for cheques of Rs 5 lakh and above. However, the bank will now implement a phased reduction in the threshold. From May 1, 2025, it will be applicable for cheques of Rs 4 lakh and above, followed by Rs 3 lakh and above from August 1, 2025, and finally Rs 2 lakh and above from November 1, 2025.
Bank of Baroda cheque will not get cleared if bank accountholder does not do this mandatorily: Check details
