Another system of tracking the high value transactions is being introduced by RBI to stop banking frauds – ” Positive Pay System”

The issuer of cheque might now have to submit electronically through Mobile App, Internet banking , ATM or SMS , the details of the cheque to the drawee bank for reconfirmation and cross verification before clearance of cheque.

Though as of now it will be optional and at the discretion of the account holder to avail the facility but the banks might consider making it mandatory above certain limit, say Rs. 5 lacs .

Courtesy:
https://m.economictimes.com/news/economy/policy/positive-pay-system-for-cheque-payments-to-come-into-effect-from-january-1-2021-rbi/articleshow/78322892.cms