Reserve Bank of India safety steps.
The Reserve Bank of India (RBI) has instructed all banks in the country to ensure steps for the safety of their respective Automated Teller Machines (ATMs). The apex bank has issued the orders in view of the cases of burglary, dacoity, robbery, and theft in the cash vending machines of banks. RBI has informed that the number of instances of burglary, dacoity, robbery, and theft in ATMs, as reported by banks and financial institutions to RBI, were 303 in 2017-18 and 515 in 2018-19. The amount involved was Rs 11.22 crore and Rs 25.47 crore respectively.
The RBI in its circular issued last month had directed all the banks to grout the walls, ceilings, and floors of their ATMs with plaster/mortar by September-end this year. The fresh instructions, which were aimed at mitigating risks in ATM operations and enhancing security, had exempted high secured premises such as airports. In October 2016, the central bank had set up Committee on Currency Movement (CCM) to review the entire range of security of treasure in transit.