Photo: The Times of India
Banks To Face Penalty If ATMs Run Out Of Cash
The Reserve Bank of India (RBI) has directed all banks and White Label ATM operators to ensure timely replenishment of ATMs to avoid cash-outs and inconvenience to the public. A penalty of Rs 10,000 will be imposed on failing to do so. According to the new rule, "cash-out at any ATM of more than 10 hours in a month" will be subjected to the penalty.
Tags: Bank, Reserve bank of India, ATM, cash-out
Courtesy: Jagran English
