What is ATM ? Automated Teller Machine ↓
ATMs are electronic machines, which are operated past times a client himself to deposit or to take away cash from bank. For using an ATM, a client has to obtain an ATM carte from his bank. The ATM card is a plastic card, which is magnetically coded. It tin live easily read past times the machine.
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To operate an ATM card, the client has to inset the carte inward the machine. He has to go into the exceed discussion (number). If the authentication or exceed discussion (number) is correct, the ATM permits a client to construct entries for withdrawal or for deposit. On completion of the transaction, the customer's carte is ejected from the ATM.
Advantages of Automated Teller Machines (ATMs) ↓
1. ATM provides 24 hours service
ATMs supply service circular the clock. The client tin take away cash upto a for certain a trammel during whatsoever fourth dimension of the 24-hour interval or night.
2. ATM gives convenience to bank's customers
ATMs supply convenience to the customers. Now-a-days, ATMs are located at convenient places, such equally at the air ports, railway stations, etc. as well as non necessarily at the Bank's premises. It is to live noted that ATMs are installed off-site. (away from banking concern premises) equally good equally on site (installed inside bank's premises). ATMs supply mobility inward banking services for withdrawal.
3. ATM reduces the workload of bank's staff.
ATMs trim the function pressure level on bank's staff as well as avoids queues inward banking concern premises.
4. ATM supply service without whatsoever error
ATMs supply service without error. The client tin obtain exact amount. There is no human fault equally far equally ATMs are concerned.
5. ATM is really beneficial for travellers
ATMs are of swell aid to travellers. They involve non behavior large sum of cash amongst them. They tin take away cash from whatsoever urban substance or state, across the province as well as fifty-fifty from exterior the province amongst the aid of ATM.
6. ATM may laissez passer on customers novel currency notes
The client likewise gets construct novel currency notes from ATMs. In other words, customers produce non larn dirty notes from ATMs.
7. ATM provides privacy inward banking transactions
Most of all, ATMs supply privacy inward banking transactions of the customer.
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