On this page, We are going to learn about the full form of CPPS and the meaning of CPPS, As well as the meaning, definition, and acronym for CPPS in different categories. So you should read this post till the end.
The Full Form of CPPS: Centralised Positive Pay System
CPPS stands for Centralised Positive Pay System. A centralized Positive Pay System (CPPs) is a new system introduced by the Reserve Bank of India (RBI) in order to improve the security of cheques.
Each cheque will be verified by the banks before it is cleared, including its account number, check number, and amount.
It will also go a long way toward helping to prevent check fraud and make the process of clearing checks more efficient and effective.
The Centralised Positive Pay System (CPPS) is a new interbank reconciliation system in India that operates on a centralized platform. The system was launched by the Reserve Bank of India (RBI) in December 2016.
Advantage of CPPS
Banks and their corporate customers use CPPS to enhance the efficiency of the reconciliation process between them and the Reserve Bank of India (RBI).
The system allows banks to reconcile their accounts with their customers on a centralized platform, thereby reducing the time and cost involved in the process.
The system is designed to work in real time and is available 24×7. It is available to all banks in India. As a result of the CPPS, the entire banking sector in India will become more efficient.
There are some of the most commonly used acronyms, abbreviations, full forms, and the CPPS meaning are listed in different categories below the table.
|CPPS||Chronic pelvic pain syndrome|
|CPPS||Clinical Pharmacology Problem Solving|
|CPPS||Children’s Psychological Processes Scale|
|CPPS||Certified Professional Pet Sitter|
|CPPS||Certificate in Professional Pet Sitting|
|CPPS||Critical Path Planning and Scheduling|
|CPPS||Cambridge Partnership for Plant Sciences|
Academic & Science
|CPPS||Central Payload Power Supply|
|CPPS||Club Penguin Private Server|
|CPPS||Clutch Pedal Position Sensor|
|CPPS||Certified Professional in Patient Safety|
|CPPS||Permanent Commission for the South Pacific|