"Every ATM will need an additional Rs 40,000 a month on security. There are over 1 lakh ATMs which will need the upgrade, so the monthly outgo for the industry will increase by at least Rs 4,000 crore," IBA chief executive M V Tanksale told reporters. Some of the 1.4 lakh ATMs are already manned.
Banks have already resorted to activities like shutting some ATMs in odd-hours, and added IBA has made a representation to RBI for increasing the inter-bank fee from Rs 15 to Rs 18 per transaction and also to scale down the monthly free transactions for a savings bank account holder to five per month, Tanksale added.
Earlier, a woman employee of a Corporation Bank in Bangalore was brutally attacked inside an ATM kiosk by an intruder with a machete.