Avoiding ATM fake shutter fraud: Why some ATMs will now retract cash as per RBI mandate

The Reserve Bank of India has partially reinstated ATM cash retraction to combat new ATM fraud involving fake slot covers. This feature, disabled in 2012, allows ATMs to retrieve uncollected cash, protecting customers.

Dec 5, 2024 - 18:00
Avoiding ATM fake shutter fraud: Why some ATMs will now retract cash as per RBI mandate

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The Reserve Bank of India has partially reinstated ATM cash retraction to combat new ATM fraud involving fake slot covers. This feature, disabled in 2012, allows ATMs to retrieve uncollected cash, protecting customers.
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