No. This process would be done on high-value cheques for amounts of Rs 50,000 and above. The Positive Pay System is a measure designed to detect any fraudulent activity related to cheque transactions.
Banks shall enable it for all account holders issuing cheques for amounts of Rs 50,000 and above. While availing of this facility is at the discretion of the account holder, banks may consider making it mandatory in case of cheques for amounts of Rs 5,00,000 and above.