India's Private Security Industry
Cash Logistics and ATM Security
How cash-in-transit companies move cash to banks and ATMs, the security risks, and how RBI rules in 2018 raised standards for cash vans.
Moving cash requires security.
Cash-in-transit
Firms like CMS Info Systems and SIS Prosegur move cash between banks and ATMs.
Risks
- Robberies of cash vans.
- Insider theft.
RBI rules
In 2018, RBI set standards for cash vans: GPS, armed guards, CCTV and limits on night movement.
ATM security
ATMs use cameras, alarms and armoured safes.
Digital payments
UPI growth slows cash demand, but cash use remains high.
Economics
Cash has hidden costs: printing, transport and security.
The cash van
A cash van with armed guards and GPS refills ATMs across a city each morning.
Thinking cash is free to use
It has large security and logistics costs.
Key takeaways
- Cash-in-transit firms move cash.
- Robberies are a risk.
- RBI set van standards in 2018.
- Cash has hidden costs.
No recording for this one yet - EconReader can read it aloud for you.