RBI releases guidelines on White Label Automated Teller Machines (WLAs) - ஆர்பிஐ - Reserve Bank of India
RBI releases guidelines on White Label Automated Teller Machines (WLAs)
The Reserve Bank of India, today released on its website, the final guidelines on "White Label Automated Teller Machines (WLAs) in India". White Label ATMs are ATMs set up, owned and operated by non-bank entities incorporated in India under the Companies Act, 1956. Till now, only banks were permitted to set up Automated Teller Machines (ATMs) as extended delivery channels. Under the guidelines, non-bank entities incorporated in India under the Companies Act, 1956 will be permitted to set up, own and operate ATMs in India. Prospective operators/applicants would need to seek authorisation from the Reserve Bank under the Payment and Settlement Systems (PSS) Act, 2007. For setting up WLAs, entities should have a minimum net worth of Rs. 100 crore as per the latest financial year’s audited balance sheet. The authorisation can be sought under three schemes: Scheme A
Scheme B
Scheme C
The Reserve Bank had earlier sought comments from the public on the draft guidelines for deployment of WLAs. The final guidelines have been framed after taking into consideration the views received from banks, authorised ATM network operators, non-bank entities and members of public on the draft guidelines and the deliberations with the stakeholders. Alpana Killawala Press Release : 2011-2012/2036
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