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RBI Directs Banks to Grout ATMs to Floor, Wall for Better Security

June 17, 2019

RBI Directs Banks to Grout ATMs to Floor, Wall for Better Security

This Friday, the Reserve Bank of India directed the banks to make sure that their ATMs are grouted to walls, floors, or pillars unless they are located in highly secure premises like airports. This is to enhance the security at the establishments, and realizing the gravity of the issue, a deadline for the measure has been set to September-end.

The central bank has issued orders to the lenders across the country on the recommendations of the Committee on Currency Movement (CCM) panel which was set up in 2016.

Photo credit: oliver hiltbrunner on Visualhunt /CC BY-NC-SA

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