RBI Asks Banks To Grout ATMs To Wall, Pillar Or Floor To Enhance Security

Bloomberg Quint | Jun 14, 2019 at 5:01 PM
  • In 2016, RBI had set up a Committee on Currency Movement to review the entire gamut of security of treasure in transit.
  • As part of the security measures, all “ATMs shall be operated for cash replenishment only with digital One Time Combination (OTC) locks”.
  • The central bank also warned the banks that non-adherence of timelines or non-observance of the instructions would attract regulatory action, including levy of penalty.