ATM thefts Current Affairs, GK & News

What is Currency Chest?

Currency Chests are places where RBI (Reserve Bank of India) stocks money meant for banks and ATMs. The Currency Chests are located in different banks and are administered by the Reserve Bank of India. Why is Current Chest in news recently? A private security guard has looted Rs 4.04 crores from the currency chest of ..

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Home Ministry notifies new SoPS for refilling of ATMs

Union Home Ministry has issued new Standard Operating Procedures (SoPs) for cash refilling of automated teller machines (ATMs) after certain time period. It comes in view of rising incidents of attacks on cash vans, cash vaults, ATM frauds and other internal frauds leading to increased sense of insecurity. It will come into effect from 8 ..

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