Reserve Bank of India directs enhanced security of ATMs

New Delhi: The Reserve Bank of India has issued new directives to banks to enhance the security of ATMs. In a directive issued to banks, the RBI said that all ATMs should be connected to walls, land or pillars by the end of September. On the other hand, ATMs in highly secured premises such as airports will be exempted from these instructions.

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According to the information, the Reserve Bank of India had set up a committee on cash movement in 2016 to review all aspects of security. Based on the recommendations of the committee, the central bank issued these directions. The objective behind these is to reduce the risk of ATM operations and enhance security. The RBI has decided to operate ATMs only through Digital One Time Combination Lock for cash flow under security measures.

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In addition, a directive issued to banks says that by September 30, 2019, all ATMs must be connected to a structure, a wall, a land or a pillar. However, it will not be needed on high-security campuses. A directive issued by the Reserve Bank of India said that it should also consider a comprehensive e-monitoring system for ATMs to provide timely warning about any crisis.

 

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