RBI directed all the banks to grout ATMs to a structure to enhance security

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. 

Take Mock Tests

Government Schemes Mock Test Start Test!
Political Science Mock Test – 42 Start Test
History Test – 190 Start Test
Quantitative Aptitude Test Start Test!
Data Interpretation - Mock Test Start Test!
General Awareness - Mock Test Start Test!
Reasoning Ability - Mock Test Start Test!

We will be happy to hear your thoughts

Leave a reply

Register New Account