Question
Reserve Bank of India (RBI) launched the 'Scheme of
Penalty for non-replenishment of ATMs', in which a penalty of ₹__________ per ATM will be levied in the event of a cash-out situation for more than 10 hours in a month.Solution
Reserve Bank of India (RBI) decided to levy monetary charges on ATMs that run out of cash, starting 1 October, 2021. Launching the 'Scheme of Penalty for non-replenishment of ATMs', the central bank said that a penalty of ₹10,000 per ATM will be levied in the event of a cash-out situation for more than 10 hours in a month.
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