Reconciliation of failed transactions at ATMs - આરબીઆઈ - Reserve Bank of India
Reconciliation of failed transactions at ATMs
RBI/2010/11/547 May 27, 2011 The Chairman and Managing Director / Chief Executive Officers Madam / Dear Sir Reconciliation of failed transactions at ATMs Please refer to our letter DPSS No. 711 / 02.10.02 / 2008-2009, 1424 / 02.10.02 / 2008-2009 and 101 / 02.10.02 / 2009-2010 dated October 23, 2008, February 11, 2009 and July 17, 2009 respectively on the captioned subject. 2. Reserve Bank has been continuously monitoring the implementation of various directions by the banks. Based on a review of the developments and with a view to further improve the efficiency of operations, it has been decided as under :-
3. The directive is issued under section 18 of Payment and Settlement Systems Act 2007, (Act 51 of 2007).Non-adherence to the provisions of this circular shall attract penalty as prescribed under the Payment and Settlement Systems Act 2007 (Act 51 of 2007). 4. This directive shall come into effect from July 01, 2011 5. Banks may widely publicise these changes at all ATM locations and by individual intimation to customers. 6. Please acknowledge receipt. Yours faithfully G Padmanabhan |