Cassette Swaps in ATMs
RBI notification RBI/2026-27/273 · 01 Oct 2026
Official title
Cassette - Swaps in ATMs
Summary
Check the official recordWhat changed
The Reserve Bank of India modifies the monitoring requirements for cassette swap implementation in ATMs. Banks may now delegate the monitoring of this progress to a Committee of Executives. This change replaces the previous requirement for Board oversight. The amendment applies to all banks. The change takes effect on October 1, 2026.
What you must do
- The Board of the bank may delegate the monitoring of cassette swap implementation to a Committee of Executives.
Key dates
- Effective from
- 01 Oct 2026
- Effective date of the amendment
- 01 Oct 2026
Document text
RBI/2026-27/273 DCM (RMMT) No.S 2107/20-02-002/2026-27
October 01, 2026
The Chairman / Managing Director/ Chief Executive Officer All Banks
Madam / Dear Sir,
Cassette - Swaps in ATMs
Please refer to the circular RBI/2021-22/190 DCM (Plg.) No.S 1117/10.25.007/2021-22 dated March 31, 2022 on the captioned subject.
- In partial modification to para 3 of the aforesaid circular, it is advised that monitoring the progress of implementation of cassette swap may be delegated by the Board to a Committee of Executives^1 of the bank.
Yours faithfully,
(Sanjeev Prakash) Chief General Manager-in-Charge
^1 substituted w.e.f. October 1, 2026, consequent to Reserve Bank of India (Commercial Banks-Governance) Amendment Directions, 2026, (Small Finance Banks-Governance) Amendment Directions, 2026, (Payments Banks-Governance) Amendment Directions, 2026 and (Local Area Banks-Governance) Amendment Directions, 2026
Source details
- Source
- Reserve Bank of India
- Type
- notification
- Published by source
- 01 Oct 2026
- Document number
- RBI/2026-27/273
- Effective date
- 01 Oct 2026
- Coverage area
- banking