What is PPS Meaning, Full Form And Definition in banking

There are some of the most commonly asked questions about What PPS stands for | What is the Meaning of PPS | Acronyms for PPS | definition of PPS | PPS meaning | PPS full form in different categories.

The Full Form of PPS: Positive Payment System

PPS Stands for Positive Payment System in the Banking sector. PPS is a way to prevent fraud system that is used by commercial banks it helps to protect against forged, altered, and counterfeit checks. It is an automated fraud detection tool that matches the check details provided by the account holder against the checks presented for payment to the bank.

Reserve Bank of India announced the Positive Pay System for Check Transaction System (CTS) in August 2020. RBI launched Positive Pay System on January 1, 2021, making major changes in the system of check clearing. And all the banks were asked to implement it compulsorily.

The Positive Pay System is linked with the electronic clearing of cheques. Under the Positive Pay System (PPS), if you give a check to someone for an amount of more than 50 thousand, then you will have to inform the bank first. Unless you offer someone a check for more than 50 thousand without informing your bank, the bank will reject the check.

How does work PPS in banking

Under Positive Pay System, the account holder is required to provide the bank with a list of checks issued by them, including the check number, payee, date, and amount. When a check is presented for payment, the bank matches the details of the presented check with the information provided by the account holder.

If the details match, the check is honored and processed for payment. If there is any discrepancy, the check is flagged as an exception and the account holder is notified to confirm or deny the payment.

Benefit of PPS

PPS helps prevent fraud by verifying that the check presented for payment is authorized and matches the information provided by the account holder. This system provides an additional layer of security and helps protect both the account holder and the bank from fraudulent activities.

There are a lot of Benefits of a Positive Pay System these are following-

• Through Positive Pay System, fraud with fake checks will be eliminated.
• If the check is lost, it cannot be cashed by anyone else.
• There will be savings in the time of carrying the check from one place to another.
• Check clearing will be easy and fast.
• All the details related to the check will be kept safe with the bank.

Full Form of PPS in medical » Pulse per Second

PPS Stands for Palliative Performance Scale / Pulse per Second in medical. The Palliative Performance Scale (PPS) is a validated and reliable tool used to assess a patient’s functional performance and to determine progress toward the end of life. source

Full Form of PPS in computer » Packets Per Second

PPS Stands for Packets Per Second. it is also known as data packets per second (p/s or PPS) or data packets per time slot. PPS monitor shows the packet rate over time for a particular interface. it works in DDoS defense strategy in cyber-security.

Full Form of PPS in police » Provincial Police Service

PPS Stands for Provincial Police Service. This is a police service post in India. Which assists the government in maintaining law and order in a particular area. This is a job post of Grade A rank related to the field of civil services.

In fact, PPS is known as the police post of civil services Grade A in Uttar Pradesh. PPS officers are bound to follow the law. It has many auxiliary posts for law enforcement and crime prevention, state security intelligence, state public order, and crime detection, such as circle, district and zonal, and state level, etc.

What are the functions of a PPS officer?

• To maintain public peace
• To perform intelligence tasks,
• Terrorism prevention
• To prevent drug trafficking
• To handle the security of vip logo
• To handle the responsibilities of the special border area of ​​the state
• Investigation and detection for the prevention of crime
• Give your support in border policing and railway policing
• Handling disaster management
• Pps also protects matters related to the environment, it also bears the responsibility of protecting biodiversity and environmental laws.
• To head cb, cid (crime investigation department) and state intelligence bureau
• To lead the force with a strong spirit

Full Form of PPS » Process and plant safety

PPS Stands for Process and plant safety. PPS is a protection technic that prevents incidents at the worksite. The process and plant safety (PPS) course seeks to train engineers on how to identify hazards. it also trains about the systematic methods to protect against these hazards.

Other Acronyms, and meanings of PPS

Acronyms	Meanings	Category
PPS	Post Post Scriptum	News & Media
PPS	Power Point Slide	File Extensions
PPS	Personal Producer Storyboard	File Extensions
PPS	Polygons Per Second	Unit Measures
PPS	PolyPhenylene Sulfide	Plastics
PPS	Post-Production Support	Military
PPS	Partnership for Public Service	US Government
PPS	Post Post Script	News & Media
PPS	Pixels Per Second	Unit Measures
PPS	Partido Popular Socialista	Mexican
PPS	Public Packet Switching	Computing
PPS	Packets Per Second	Unit Measures
PPS	Pulses Per Second	Medical
PPS	Price Per Share	Stock Exchange
PPS	Prospective Payment System	Accounting
PPS	Public Products Service	Computing
PPS	Post Polio Syndrome	Physiology
PPS	Pupil Personnel Services	Educational
PPS	Protocol and Parameter Selection	Networking
PPS	Probability Proportionate to Size	Meteorology
PPS	Palmers Pursuit Shop	Companies & Firms
PPS	Public Profile Service	Computing
PPS	Payment Processing Service	Accounting
PPS	Production Planning and Steering	General Business
PPS	Parliamentary Private Secretary	Occupation & Positions
PPS	Progressive Power Steering	Transportation
PPS	Precise Position Service	Military

FAQs

Now you might have got some ideas about the Meaning of PPS. And also the meaning, definition, abbreviation, and acronym for PPS in different categories.