DCM (Plg.) No. 3641/10.25.007/2017-18
The Chairman and Managing
Chief Executive Officer
Cassette - Swaps in ATMs
As stated in para 15 of
the monetary policy statement dated October
04, 2016, the Bank had constituted a Committee on Currency Movement
(CCM) [Chair: Shri D.K. Mohanty, Executive Director] to review the entire
gamut of security of the treasure in transit. The recommendations of the
Committee have been examined and in order to mitigate risks involved in
open cash replenishment/ top-up, it is advised that banks may consider
using lockable cassettes in their ATMs which shall be swapped at the time
of cash replenishment.
2. The above may be implemented
in a phased manner covering at least one third ATMs operated by the banks
every year, such that all ATMs achieve cassette swap by March 31, 2021.
3. The banks are required to
furnish a quarterly report in the enclosed
format to the Issue Department of the Regional Office under
whose jurisdiction their Head Office is situated, within 15 days of the
close of every quarter commencing June 30, 2018 by email.
Encl: As above