The Scheme of Penalty for non-replenishment of ATMs shall be effective from which date?

• A. October 10, 2021
• B. September 01, 2021
• C. August 01, 2021
• D. October 01, 2021

Answer: (D)

The Reserve Bank of India (RBI) has announced the launch of the 'Scheme of Penalty for non-replenishment of ATMs', as per which it will impose monetary penalties on ATMs/WLAs that run out of cash. The Scheme shall be effective from October 01, 2021.