RBI to impose Penalty Rs.10,000 soon, for non-replenishment of ATMs with cash

CS Lalit Rajput , Last updated: 04 September 2021 Share Follow on Google News

Key Highlights Banks to be fined for non-availability of cash in ATMs. The RBI will start imposing penalties on banks in case the ATMs remain out-of-cash for a total period of 10 hours in a month from October 1, 2021, onwards. Banks will have to submit a system-generated statement on the d

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About the Author

CS Lalit Rajput

Company Secretary

Company Secretary having 8+ years of post qualification experience in the Compliance Management Services industry by serving Corporates including Listed Companies, Corporate Secretarial Firms and LLP. Have a keen interest in the Corporate Governance and Compliance Management and the soaring craving to learn everyday. A ... Read more

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RBI to impose Penalty Rs.10,000 soon, for non-replenishment of ATMs with cash

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