Reduction of Registration Time for Installation and Relocation of ATMs

05:44, 11/07/2024

Here is a noteworthy content from Circular 44/2018/TT-NHNN amending and supplementing Circular 36/2012/TT-NHNN stipulating the equipment, management, operation, and safety assurance of automatic teller machines.

The registration timeline for the installation, location change, and termination of ATM activities has been amended and supplemented by Circular 40 as follows:

- Within 10 working days prior to the deployment, installation, location change, time change, or termination of ATM activities, the payment service provider must notify the State Bank branch in the province or city directly under Central management where the ATM is deployed or installed.- Within 10 working days prior to the deployment, installation, location change, time change, or termination of ATM activities outside the province or city where the head office or branch of the payment service provider is located, notification must be made to the State Bank branch in the area where the ATM is deployed or installed and the State Bank branch in the area where the head office or managing branch is located.

More details can be found in Circular 44/2018/TT-NHNN effective from February 18, 2019.

- Thanh Lam -

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