Cassette-swap: Mechanism to make ATMs higher will miss deadline once more

Nearly a 12 months after the rollout for cassette-swaps at ATMs (automated teller machines) was set in movement, it stays largely on paper. The four-phased plan in 30 cities was to cowl all the community of 260,000-odd ATMs within the nation by FY24. Another extension – it will likely be the fourth – could now be sought from Mint Road. The concept of cassette-swaps at ATMs was set in movement six years in the past (April 2018) and the primary deadline was FY21.

Compared to the personnel of cash-in-transit (CIT) corporations loading money, cassettes-swap is a lockable mechanism. Cash dealing with is completed by CITs at

First Published: Mar 10 2024 | 9:23 PM IST