https://www.taxtmi.com/notifications?id=136578 A penalty scheme mandates banks and White Label ATM Operators to monitor ATM cash availability and ensure timely replenishment; system-generated monthly statements of ATM downtime due to non-replenishment must be submitted to the Issue Department within five days of the following month. The Scheme imposes a flat monetary penalty for prolonged cash-outs, charges the bank meeting cash requirements for WLAs (which may recover the penalty from the WLA operator), and is administered by Issue Departments with a limited appeal process for genuine force majeure reasons. en-us Tue, 10 Aug 2021 00:00:00 +0530 Wed, 15 Sep 2021 14:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=136578 A penalty scheme mandates banks and White Label ATM Operators to monitor ATM cash availability and ensure timely replenishment; system-generated monthly statements of ATM downtime due to non-replenishment must be submitted to the Issue Department within five days of the following month. The Scheme imposes a flat monetary penalty for prolonged cash-outs, charges the bank meeting cash requirements for WLAs (which may recover the penalty from the WLA operator), and is administered by Issue Departments with a limited appeal process for genuine force majeure reasons. Notifications Indian Laws Tue, 10 Aug 2021 00:00:00 +0530 https://www.taxtmi.com/notifications?id=136578