Sunday, 20 December 2009

ATM Risk: Did Banks noticed this?

The other day I went to withdraw some money from my neighbourhood ATM. I took my 2 year old son along. Since in India ATMs are housed in nice Air-conditioned secured room, I left my son in the room without paying attention to his activities. I got into withdrawing money. After I had entered PIN and it was about to disburse me money, I realised that the machine had shut down. When I looked around I realised that it was my son who had switched off the power to ATM and soon he had switched it on. I was worried if my account could have been updated with the transaction but I had not received the money.Bank should take into account this risk as well and place switches accordingly.

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