New Delhi : Concerned over incidents of attack on cash carrying vans, the government has proposed that ATMs should not be replenished with cash after 8 p.m. in cities and private cash transportation agencies must collect money from the banks in the first half of the day.
In rural areas, the deadine is 5 p.m. Also, the cash vans, fitted with CCTVs and GPS, must not carry more than Rs. 5 crore per trip.
Two armed guards and driver in each van must be trained to “disengage with the situation and drive vehicle to safety” in case of an attack.
These are part of the new SoPs proposed by the Home Ministry for private security agencies carrying out the task of carrying cash and replenishing them in ATMs. Nearly 8,000 private vans ferry around Rs. 15,000 crore daily between banks, currency chests and ATMs across the country.
An additional Rs. 5,000 crore is held up overnight by private security agencies in their private cash vaults on behalf of the banks.
