Reserve Bank of India (RBI) has now directed all the banks to complete the process of upgrading ATM software by June 2019. Several ATMs were still running on Windows XP and other unsupported software. RBI earlier asked banks to upgrade software up to March 2017. Later, this was again appealed in November 2017. However, 30% of the present 2.2 lakh ATMs are still using old software.
As per the recent notification, “The slow progress on the part of the banks in addressing these issues has been viewed seriously by the RBI.” Banks have been asked to upgrade 25% of the ATMs by September 2018, 50% by December 2018, 75% by March 2019 and all by June 2019. Security measures should be implemented by August 2018 and anti-skimming and white-listing solutions by March 2019.
This time, RBI has also warned banks of penalty if they failed to adhere to the deadline this time.

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