Almost a year after the rollout of cassette swaps at ATMs was initiated, this remains largely on paper. The four-phase plan in 30 cities was to cover the entire network of around 260,000 ATMs in the country by FY24. Another extension – it will be the fourth – can now be sought from Mint Road. The idea of cassette swaps at ATMs was initiated six years ago (April 2018) and the first deadline was FY21.
Compared to the cash-loading staff of CIT companies (cash transport companies), cassette swapping is a lockable mechanism. The cash handling is done by CITs at
First print: March 10, 2024 | 9:23 pm IST