ATM Theft On Rise

Incidents ATM theft is on rise in Odisha.

While in 2017-18, such cases were reported numbering 15 with an amount involved Rs.0.03Crore, it went up to 20 in 2018-19 with an amount of Rs.1.50 Crore.
This was stated by Anurag Singh Thakur, Minister of State for Finance & Corporate Affairs in a written reply to a question in Lok Sabha today.
RBI has informed that the number of instances of burglary, dacoity, robbery and theft in ATMs, as reported by banks and financial institutions to RBI, were 303 in 2017-18 and 515 in 2018-19. The amount involved was Rs. 11.22 crores and Rs. 25.47 crores respectively.
RBI has directed all the banks in the country to take steps for ensuring safety of the cash vending machines of their banks. 

 The Reserve Bank of India (RBI) has informed that in order to mitigate risks involved in open cash replenishment/ top-up in ATMs, instructions were issued by RBI to all banks.
RBI’s Circular dated 12.04.2018 regarding usage of lockable cassettes in the ATMs of banks, which shall be swapped at the time of cash replenishment.
In order to mitigate risks in ATM operations and enhance their security, the following instructions were issued by RBI to all banks vide RBI’s Circular dated 11 June, 2019.
All ATMs shall be operated for cash replenishment only with digital One Time Combination (OTC) locks.
All ATMs shall be grouted to a structure (wall, pillar, floor, etc.), except for ATMs installed in highly secured premises such as airports, etc. which have adequate CCTV coverage and are guarded by state / central security personnel.
Banks to consider rolling out a comprehensive e-surveillance mechanism at the ATMs to ensure timely alerts and quick response, said he.

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