New Norms for ATM Cash Loading

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 on vans to undergo training in handling an armed assault, tailing by vehicle-borne criminals and insider threat.

Persons engaged for cash transportation will also have to undergo Aadhaar verification to determine their antecedents, the ministry has said in its order. No ATMs will be replenished 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 are finished 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.

“This is clearly industry transforming and something we have worked on for, and waited for five years,” Rituraj Sinha, MD, Security and Intelligence Services and chairman of FICCI committee on private security, told.