RBI directs banks to ensure availability of cash in ATMs; defaulting banks to be penalized w.e.f. Oct 1, 2021

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  • Last Updated on 12 August, 2021

RBI directs banks to ensure availability of cash in ATMs

CIRCULAR NO. RBI/2021-22/84 DCM (RMMT) NO.S153/11.01.01/2021-22, dated 10.08.2021

The Reserve Bank of India (RBI) has directed that banks and White Label ATM Operators (WLAOs) should improve their systems and procedures for monitoring cash availability in ATMs and ensuring prompt replenishment to minimize cashouts.

Any non-compliance in this respect will be taken severely and will result in a monetary penalty as outlined in the “Scheme of Penalty for ATM Non-Replenishment”. The Scheme shall be effective from October 01, 2021.

Read the Full Circular Here

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