No ATM to be refilled with cash after 9 pm from February 2019

Posted on:20 Aug 2018 11:45:47
No ATM to be refilled with cash after 9 pm from February 2019
20 August 2018 Current Affairs: To reduce attacks on cash vaults and ATM frauds, the Home Ministry has issued a directive stating that no ATM will be refilled with cash after 9 pm in cities, 6 pm in rural areas and 4 pm in Naxal-affected areas from February 8, 2019.

Every cash van will carry not more than ₹5 crore per trip.

This move comes just a week after an estimated amount of Rs 94 crores was siphoned off from Cosmos bank in Pune.
To reduce attacks on cash vaults and ATM frauds, the Home Ministry has issued a directive stating that no ATM will be refilled with cash after 9 pm in cities, 6 pm in rural areas and 4 pm in Naxal-affected areas from February 8, 2019.

Every cash van will carry not more than ₹5 crore per trip.

This move comes just a week after an estimated amount of Rs 94 crores was siphoned off from Cosmos bank in Pune.

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