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of <h1>RBI Enforces Cash Availability in ATMs; Penalties for Downtime Over 10 Hours Monthly Effective Oct 1, 2021.</h1> The Reserve Bank of India mandates banks and White Label ATM Operators (WLAOs) to ensure the availability of cash in ATMs, addressing downtime caused by cash-outs. Effective October 1, 2021, non-compliance will incur penalties as outlined in the 'Scheme of Penalty for non-replenishment of ATMs.' Banks and WLAOs must monitor cash availability and submit monthly reports on ATM downtime due to cash-outs. A penalty of Rs. 10,000 per ATM will be imposed for cash-outs exceeding ten hours monthly. Appeals against penalties can be made under specific conditions. The scheme aims to minimize public inconvenience by ensuring timely cash replenishment.
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