Automated
Teller Machine (ATM) and ATM Card
An automated teller machine or
automatic teller machine (ATM), is a Computerized telecommunications device
that provides the clients of a financial Institution with access to financial transactions
in a public space without the need for a cashier, human clerk or bank teller.
ATM cards are the most convenient form
of withdrawing money. It is a magnetic card having a secret PIN ( Personal
Identification Number) which is kept to be confidential by the user to prevent
it from misuse. One can easily get money withdrawal by simply inserting ATM
cards into ATM with confidential pin code. These cards are also known as ATM-
CUM DEBIT card. Nowadays ATM is serving more than just withdrawing machines.
A minimum balance of Rs.1000 is compulsory to withdraw. ATM card of any bank
can be access in any bank’s ATM
How to Avail ATM Facility
1. This facility is for everyone who
has Savings, Current or Cash Credit account.
2. To get ATM Facility on your account
you have to fill up form provided by bank.
3. ATM card holder has to maintain
minimum balance of Rs.1000/-
4. No any additional charges for this
facility
The
advantages of ATM are:
1. It
provides the facility to the customer to withdraw or deposit cash and avail
other services as quickly as possible.
2. It is
available to a customer round the clock, i.e., 24 hours in a day and 365 days
in a year.
3. It enables
the bank to advertise their products on the ATM screen like a media.
4. It saves
time of the customers to travel to a bank branch for operating of their
account.