According to RBI, a bank that does not follow the rules will have to pay Rs. A fine of 10 thousand may have to be paid.
Often during the festive season or long bank holidays, many ATM machines get out of cash. With this, you are not able to withdraw your money from your bank account. In such a situation, you do not have any option except to curse the bank service. But to get rid of this problem, RBI has taken a tough step. The Reserve Bank of India has told banks that if their ATM machine is faulty for more than 10 hours, then the concerned bank will be fined 10 thousand rupees for this. This rule will be applicable for banks from October 1.
10 thousand penalty if the ATM is empty
The Reserve Bank has recently issued this order, in which it has been said that if the ATM does not have more than 10 hours of cash every month, then banks will be charged a penalty of Rs 10,000 per ATM. This order of RBI has created panic among the banks. It is believed that they will have to spend extra money to follow this rule.
ATM status in remote area
Broadly speaking, bankers believe that ATMs in remote areas are closed at night for security reasons. Many ATM machines of most banks are faulty. Its graph can be more than 10 percent. Similarly, there are other technical problems in which unbroken power supply is also a big challenge.
ATM security a big challenge
The security of ATMs has already been a big challenge for banks. For this, banks have to employ gunmen to protect the ATM. Gumman guard takes at least 15 thousand rupees per month. This cost has to be borne by the bank itself. Similarly, the electricity bill also has to be paid by the bank itself. Therefore, many banks are kept closed during the night in remote areas.
understand from statistics
According to the data, 53% ATM machines are available in urban areas and 47% in rural and town areas. To keep the machines in rural areas constantly filled with cash, the frequency of cash deposits will have to be increased. The cost of this will also have to be borne by the bank itself. SBI has the highest number of ATM machines in the country. SBI has about 64 thousand ATM machines. ICICI has 16800, PNB has about 13700, HDFC has 15 thousand, Canara Bank about 13000, UBI has 11 thousand, Bank of Baroda has 11, 600, Bank of India has about 5400 ATM machines.
