Since this was a very important payment, I updated PPS in net banking immediately after issuing the cheques, so that I don't miss PPS email or SMS. So when the cheques were presented, I didn't received any PPS email.
Thanks for the advice. Going forward, I will secretly wish that bank dishonour my cheque so that my money remain safe.
Can you suggest some expensive banks?
Hello,
I am a wealth account holder with one bank. I issued two cheques of ₹50k each.
The bank clearing team dishonored these cheques giving the reason 'PPS Name Mismatch'
However the name was correctly mentioned by me while updating them in PPS in net banking.
I came to know about these...