What is ATM ? Automated Teller Machine ↓
ATMs are electronic machines, which are operated yesteryear a client himself to deposit or to withdraw cash from bank. For using an ATM, a client has to obtain an ATM carte du jour from his bank. The ATM card is a plastic card, which is magnetically coded. It tin live easily read yesteryear the machine.
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To operate an ATM card, the client has to inset the carte du jour inwards the machine. He has to larn inwards the transcend give-and-take (number). If the authentication or transcend give-and-take (number) is correct, the ATM permits a client to build entries for withdrawal or for deposit. On completion of the transaction, the customer's carte du jour is ejected from the ATM.
Advantages of Automated Teller Machines (ATMs) ↓
1. ATM provides 24 hours service
ATMs render service circular the clock. The client tin withdraw cash upto a for certain a trammel during whatever fourth dimension of the solar daytime or night.
2. ATM gives convenience to bank's customers
ATMs render convenience to the customers. Now-a-days, ATMs are located at convenient places, such every bit at the air ports, railway stations, etc. in addition to non necessarily at the Bank's premises. It is to live noted that ATMs are installed off-site. (away from banking concern premises) every bit good every bit on site (installed inside bank's premises). ATMs render mobility inwards banking services for withdrawal.
3. ATM reduces the workload of bank's staff.
ATMs cut back the operate clit per unit of measurement area on bank's staff in addition to avoids queues inwards banking concern premises.
4. ATM render service without whatever error
ATMs render service without error. The client tin obtain exact amount. There is no human fault every bit far every bit ATMs are concerned.
5. ATM is really beneficial for travellers
ATMs are of slap-up assistance to travellers. They ask non comport large total of cash amongst them. They tin withdraw cash from whatever metropolis or state, across the Earth in addition to fifty-fifty from exterior the Earth amongst the assistance of ATM.
6. ATM may ambit customers novel currency notes
The client too gets build novel currency notes from ATMs. In other words, customers create non larn dirty notes from ATMs.
7. ATM provides privacy inwards banking transactions
Most of all, ATMs render privacy inwards banking transactions of the customer.
