{"id":1431,"date":"2021-08-11T09:53:18","date_gmt":"2021-08-11T09:53:18","guid":{"rendered":"https:\/\/rvkassociates.com\/blog\/?p=1431"},"modified":"2021-08-11T09:53:18","modified_gmt":"2021-08-11T09:53:18","slug":"monitoring-of-availability-of-cash-in-atms","status":"publish","type":"post","link":"https:\/\/rvks.in\/blogs\/monitoring-of-availability-of-cash-in-atms\/","title":{"rendered":"Monitoring of Availability of Cash in ATMs"},"content":{"rendered":"<p style=\"text-align: right;\">August 10, 2021<\/p>\n<p>The Chairman \/<br \/>\nManaging Director &amp; CEO<br \/>\nAll Banks<\/p>\n<p>Dear Sir \/ Madam,<\/p>\n<p>As you are aware, the Reserve Bank of India has a mandate to issue banknotes and the banks are fulfilling this mandate by dispensing banknotes to the public through their wide network of branches and ATMs. In this connection, a review of downtime of ATMs due to cash-outs was undertaken and it was observed that ATM operations affected by cash-outs lead to non-availability of cash and cause avoidable inconvenience to the members of the public.<\/p>\n<p>2. It has, therefore, been decided that the banks\/ White Label ATM Operators (WLAOs) shall strengthen their systems\/ mechanisms to monitor availability of cash in ATMs and ensure timely replenishment to avoid cash-outs. Any non-compliance in this regard shall be viewed seriously and shall attract monetary penalty as stipulated in the \u201cScheme of Penalty for non-replenishment of ATMs\u201d in the Annex. The Scheme shall be effective from October 01, 2021.<\/p>\n<p>Yours faithfully,<\/p>\n<p>(Subrata Das)<br \/>\nChief General Manager-in-Charge<\/p>\n<p><strong>For full detail click the link below :<\/strong><\/p>\n<p><a href=\"https:\/\/www.dropbox.com\/s\/8d05vnj4jew35w0\/Monitoring%20of%20Availability%20of%20Cash%20in%20ATMs.PDF?dl=0\">https:\/\/www.dropbox.com\/s\/8d05vnj4jew35w0\/Monitoring%20of%20Availability%20of%20Cash%20in%20ATMs.PDF?dl=0<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>August 10, 2021 The Chairman \/ Managing Director &amp; CEO All Banks Dear Sir \/ Madam, As you are aware, the Reserve Bank of India has a mandate to issue banknotes and the banks are fulfilling this mandate by dispensing banknotes to the public through their wide network of branches and ATMs. In this connection, [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":357,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11,14],"tags":[74],"class_list":["post-1431","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-notifications","category-rbi","tag-rbi-notification"],"_links":{"self":[{"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/posts\/1431","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/comments?post=1431"}],"version-history":[{"count":1,"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/posts\/1431\/revisions"}],"predecessor-version":[{"id":1432,"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/posts\/1431\/revisions\/1432"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/media\/357"}],"wp:attachment":[{"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/media?parent=1431"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/categories?post=1431"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/tags?post=1431"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}