Security Today


Proposed Guidelines for Cash Logistics in India submitted to RBI Gov

admin July 16, 2013


The Cash Logistics Industry deals with the physical movement and storage of currency notes and other valuables on behalf of the banks.

This sector employs about 40,000 individuals and caters to approximately 80,000 ATMs for cash replenishment services. There are about 6,000 cash vans that operate across the country and carry approximately INR 15,000 crore of cash every day. This Industry also holds approximately 4,000 crore of cash overnight in their vaults on behalf of the banks.

The services offered by this Industry to the banking sector include:

  • Secured cash transportation from Currency Chest to bank branches
  • ATM replenishment
  • First line maintenance of ATMs
  • Door step banking solutions – Cash / Instruments pickup and delivery
  • Movement of bullion and coins
  • Cash processing including counterfeit verification, counting, sorting and packaging
  • Overnight vaulting of cash and bullion

Comments (1)

Leave a Comment

Sorry You Are Not A Registered Subscriber

To View Full Magazine.

Login to your account

View Full Magazine after login.

New Online Subscription?

Buy an Online Subscription to SECURITY TODAY which allows you to view full magazine online.

Login to your account

Can't remember your Password ?

Register for this site!