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| What is ATM? Full information about ATM |
Withdrawing
money has become even easier, using ATMs. Know What is ATM? Full information
about ATM and what are the types of ATMs. Get to know about ATM information.
There
was a time when we used to go to the bank and stand in the line to withdraw or
deposit money. But now it is not so. Now we don't have to go to the bank to
withdraw money. Just by going to any ATM nearby, our work will be done.
You must have heard the name of ATM and many people also use it. But there are some people, who still go to the bank and deposit money and withdraw money. This is also because they are unaware of ATM facilities and advantages.
This post is for those people who do not know What is ATM? If you want to know what is the meaning of ATM? then you do not have to go anywhere because whatever information you need about ATM , we will provide it to you here. Stay tuned with us to know ATM Details and read this post till the end.
What is ATM?
ATM
(Automated Teller Machine) is a computerized machine that allows us to withdraw
money instantly without going to the bank. It is connected to our bank and with
the help of our ATM card we can withdraw money from it. ATM not only allows us
to withdraw money, but also allows us to deposit money. The use of ATM has made
our money deposit and Withdrawal works quite convenient. So it has many advantages.
To
withdraw money, we do not have to search the ATM of our own bank, instead we
can withdraw money from any bank nearest ATM.
Do you know the ATM Full form?
What is the full form of ATM?
ATM Full Form is - "Automated Teller Machine". It is also known as auto money machine because its small in size.
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Information about ATM.
First of all, let us tell you that Who invented ATM?
John Shepherd Barron invented this automatic calculator machine in the year 1960.
If we talk about the work of ATM, then it is understood that its main function is to give the user the mentioned amount immediately. Apart from this, we can also pay insurance premiums from ATMs, send money from one account to another, pay bills, make purchases, and more.
There are many atm machine designs that are available. People also buy atm machines for small businesses. They learn atm operating systems and ace how atm works.
Types of ATM in India.
There are different types of ATM. These are not varried in terms of ATM machine Designs.
- White Label ATM (White Label ATM) - An ATM owned and operated by a non-banking company is called White Label ATM.
- Brown Label ATM (Brown Label ATM) - operated not by an ATM bank but by a third party who has leased it, it is called Brown Label ATM.
- Offsite ATM (Off site ATM) - ATMs that operate outside the bank premises, such as malls, residential societies, etc., are called Offsite ATMs.
- Onsite ATM (on-site ATM) - ATMs that operate inside the bank premises are called Onsite ATMs.
- This was the detailed information of Types of Automated teller machines for your convenience.
ATM Transaction Process
How to use ATM machine?
It is very easy to operate an ATM machine, even if you do not know anything about ATM, you can run it very easily. We are given ATM Card, Debit Card by banks to run ATM machine, with which we can run ATM machine easily.
To use ATM, we have to first install the ATM card in the ATM machine and then select the language. At present, you will get English (English), Hindi language in every ATM machine, so if you do not know English then you can use ATM by selecting Hindi language.
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How to take money out from ATM Machine?
Now we will be telling you about atm transaction process
With
the help of ATM Card, Debit Card, we can easily withdraw the money deposited in
the bank account from the ATM machine. You have to place the card given by the
bank in the ATM machine, then select the language. Now you will have to write
the names of the facilities provided by the ATM machine and there will be
some buttons near those facilities which you can use to press that facility.
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Suppose you have to withdraw money from your account:
- First you put your ATM card
- Now you will choose the language
- Now you will have the names of features written on the screen like Withdrawal (withdraw money).
- You have to press the Bala button right near your facility, after that you have to enter the money, how much money you want to withdraw.
- Now you have to enter a code which is of 4 Digit which is given to you by the bank.
- Now
you are done, if you press the right button, your money will come out of the
machine.
You
can hardly know how many ways you can use an ATM machine. ATM machine gives you
the facilities to transfer money from one account to another using which you
can transfer money from your account to another account or to another person's
account and it has become so easy to do that you You can transfer money in no
time.
Just to transfer money, you should know the number written above the ATM card, Debit card of another person, without the number you will not be able to transfer money.
How to deposit money in ATM machine
In today's time, where people have got convenience due to increasing use of ATM machine. People are also getting new facilities by banks. Now in ATM machine, you get the facility to deposit money as well as deposit money. But this facility is more available in cities because ATM is more used there.
The machine for depositing money from ATM is slightly different from the cash withdrawal machine. You can only deposit money in it, you cannot use a different machine to withdraw. You can use both machines with ATM Card and Debit Card.
Conclusion
ATM has made the process of withdrawing money with us quite easy. It is easily found in almost every other street, so that we do not have to go very far and our work is done quickly. The small atm machines are available so they don't hold much space also.
So
friends, this was the complete information of What is ATM? Full information
about ATM. Hopefully by reading this post you must have understood all the ATM Functions. Then definitely
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