The Reserve
Bank of India has asked the banks to ensure their ATMs are grouted to a wall, pillar, or
floor by the end of September month, except those
installed in high secured premises such as airports. The announcement comes
with an aim to
enhance security of the cash vending machines.
The ATMs shall be operated for cash
replenishment only with digital One
Time Combination (OTC) locks. All banks can also roll out
a comprehensive e-surveillance mechanism at the ATMs. This will ensure timely
alerts and quick response.
Committee
on Currency Movement (CCM):
The RBI had set up a Committee on Currency Movement
(CCM) in 2016. The committee was asked to review the entire
gamut of security of treasure in transit and submit reports regarding that. As
per the the recommendations suggested by the panel, the Reserve Bank of India
has now issued the instructions aimed at mitigating risks in ATM operations and
enhancing security.
