industry

New norms notified for ATM cash loading


NEW DELHI: The home ministry has notified rules relating to cash loading of ATMs and cash transportation, directing that no ATM should be replenished with cash after 9 pm in cities and no cash van should carry more than Rs 5 crore on a single trip.

It also directed personnel deputed on these vans to undergo training in handling situations like an armed assault, tailing by vehicle-borne criminals and insider threat.

All persons engaged for cash transportation activities will also have to undergo Aadhaar verification to determine their antecedents, the ministry has said in its order.

No ATMs will be cash-loaded in rural areas post 6 pm and cash for loading into an ATM machine will be collected from the bank on the previous day or in the first half of the day, so that operations can be concluded before the stipulated time, it said. ATMs could hence be loaded with enough cash in the last filling of the day for them to last the night, sources said.

Security alarms with GSM-based auto-dialer and motorised sirens will be fixed in all cash transportation vans. “This is clearly industry transforming and something we have worked on for and waited for five years,” Rituraj Sinha, managing director of Security and Intelligence Services (SIS) and chairman of FICCI committee on private security, told ET.





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