The Hush Post: No automated teller machine (ATM) will be refilled with cash after 9 pm in cities, 6 pm in rural areas and 4 pm in Naxal-hit areas. Home Minister Rajnath Singh on Thursday held a high-level review meeting in which model rules for operating cash vans and ATMs have been finalised. The new guidelines proposed by the home ministry are meant for private security agencies carrying out the task of replenishing ATMs. Nearly 8,000 private vans ferry around Rs 15,000 crore daily between banks, currency chests and ATMs across the country.
The guidelines have been prepared after a spurt in attacks, hijacking and looting of cash vans which are seen as soft targets. The suggestions have been sent to the Law Ministry for a detailed vetting and once they are approved, the guidelines will be issued to all state governments for implementation.
According to the model rules, specially designed cash vans, fitted with CCTVs and GPS, must not carry more than Rs 5 crore per trip. Two armed guards and a driver in each van must be trained to “disengage with the situation and drive vehicle to safety” in case of an attack. An additional Rs 5,000 crore is held up overnight by private security agencies in their private cash vaults on behalf of the banks. All cash transportation and ATM cash replenishment activities must only be carried out by operational staff who have undergone a thorough antecedent check.