Dadra Nagar Haveli and Daman & Diu Private Security Agencies (Private Security to Cash Transportation Activities) Rules, 2020

Dec 16, 2020 | by TeamLease RegTech Legal Research Team

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Labour Compliance

The Administrator of Dadra & Nagar Haveli and Daman & Diu on December 10, 2020 have issued the “Dadra & Nagar Haveli and Daman & Diu Private Security Agencies (Private Security to Cash Transportation Activities) Rules, 2020”.

The following provisions have been made for the private security agency:

• No private security shall be provided by the private security agency for cash transportation activities unless he holds a license. Incase for providing private security for cash transportation a contract needs to be entered into in to.

• Using of a specially designed and fabricated cash van owned by it or owned by the Bank or the cash handling agency for cash transportation activities.

• Providing requisite number of trained staff per cash van which includes the minimum:

• Driver – 1

• Armed security guard – 2

• ATM Officer or custodian – 2

• Ensuring every personnel has undergone antecedent check, proper KYC verification and police verification before appointing or engaging or deploying them

• Providing adequate training and certification

• Ensuring every cash transportation activity is carried out only in secured cash van fitted with GPS tracking device.

• Ensure no cash van carries cash more than five crores rupees per trip.

• Ensure that all cash handling is carried out in a secured premise.

• Ensuring the ATM under its security is fitted with one time electronic combination locks for reducing the instances of crew pilferage losses and ATM frauds.

[Notification No.1/Home/293/PSA(PSCTA)Model Rules-2018/20-21/922]


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