No Cash Refill At ATMs In Cities After 9PM

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New Delhi: Following a spate of attacks on cash vans, the union government has upgraded security guidelines to ensure safe passage of cash and other valuables. The guidelines, once approved by law ministry, might see amendments to the Private Security Agencies Regulation Act, 2005.  There are 8,000 cash handling agencies in India transporting Rs 15,000 crores of cash every day, as per official data.

As per the released guidelines, security agencies handling cash transportation will have to upgrade security features, guarding facilities, hours of operation, and guard training. No operations of such vans will be allowed after 9 pm in urban areas, after 6 pm in rural and in Naxal areas operations will be only from 9 in the morning to 4 in the evening. Live GPS tracking will also be mandatory. Interestingly, no specific guidelines have been made for the state of Jammu and Kashmir which saw maximum attacks on cash vehicles in recent past.

“We have not made any separate arrangement for Kashmir. The urban-rural rules will be applicable there,” a top MHA officer said. Central forces will see it’s central allocations double after finance ministry agreed to provide Rs 1,054 crores for two years as part of modernisation plan 3. In plan 2, the allocation was Rs 200 crores per year.

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