Friday 11 May 2018

ATM in INDIA and bank responsibility


How Banks Responsible in ATM cash crunch /crisis Vinay Dadmal way
1.There is no study conducted by Reserve Bank Of India about why people need more cash at ATM
2.Inside bank why people use cash to pay cash to bank
3.Almost everywhere in all banks there is no POS counter of the bank to pay cash to bank.
4.Major banks involved in supplying POS to merchant locations but they have no POS inside bank.
5.RBI have not studied at all why people are in a “Q”inside banks.
6.Even today in many banks PRINTING OF PASSBOOK is not available during their working hours continuously.
7.The cheque deposit box not brilliantly used so that people can do give instruct other transactions at any time as per their schedule.
8.Many POS can be used as MINI ATM but such instructions not given by banks to publicise this service outside POS
9.The instruction of RBI that at Metro ATM above 3 and in non metro ATM above 5 transactions are chargeable is not understandable.How many bank ATM users exactly keep record of their ATM use in a month.Rather all transactions at Rs 10/- per transaction should be be made mandatory.The surplus amount banks will get should be used to load ATM continuously and ATM cash to be insured.

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