January 14, 2016
All Scheduled Commercial Banks
Section 23 of Banking Regulation Act, 1949 -Relaxations in Branch Authorisation Policy – Off Site ATMs
Please refer to circular DBOD. No. BL. BC. 137/22.01.001/2008-09 dated June 12, 2009, on the above subject, permitting Scheduled Commercial Banks to install off-site ATMs at centres/places identified by them without having the need to take permission from the Reserve Bank in each case subject to certain conditions as mentioned in Annexure III thereof. Further, the facilities which can be provided through ATMs were also advised in Annex IV of the above mentioned circular.
In partial modification of the above circular and with a view to providing operational freedom to banks, it is advised that banks are now free to offer all their products and services through the ATM channels provided the technology permits the same, and adequate checks are put in place to prevent the channel from being misused to perpetuate frauds on the banks/other genuine customers.
Chief General Manager