Correct Answer : March 31, 2023
Banks were directed to implement the lockable cassette swap in a phased manner, such that at least one-third ATMs operated by them is covered every year, while all ATMs achieve cassette swap by March 31, 2021. However, this deadline was later extended to March 31, 2022. Further, upon receiving representations from various banks for facing difficulties in meeting the timeline, RBI has further extended the timeline for implementation of cassette swap in all ATMs by a year till March 31, 2023.
