Circular No. RBI/2021-22/84 dated 10th August 2021
- The RBI has formulated the “Scheme of Penalty for non-
replenishment of ATMs”, to ensure that sufficient cash is available to public, applicable from 1st October 2021.
- The banks shall put in place a robust system for monitoring the availability of cash in ATMs and ensure timely replenishment to avoid cash-outs.
- Cash-out at any ATM of more than ten hours in a month will attract a flat penalty of Rs. 10,000/- per ATM.