Hello friends, today we are going to give you information about ATM Full Form, what is the full form of ATM, ATM using instruction, How ATM works, What is ATM, you all know what ATM is and if you do not know about it, then in this article we are going to give you complete information related to it. The information can be obtained through this article.
Now we use ATM to withdraw money etc. But many people are not aware that what is the full form of an ATM and what are its benefits etc., so we will give you complete information about ATM in this article. And to get complete information related to ATM, you read our complete article so that you can understand the complete information.
ATM Full Form
Full Form of ATM – Automated Teller Machine
What is ATM?
Automated Teller Machine, which is actually a special computer or machine that makes it convenient to manage the all money of the bank account holder. We all use ATMs for banking-related work and it is used by John Shepherd-Barron and its facility was first used in 1967 in London and through this, you can go to your bank account without going to the bank. can. You can withdraw money from anywhere very easily and apart from this you can also check your bank account balance and get information related to mini statements etc.
You all know that banks are not open 24 hours and its timing is fixed, during that time banks are open, but sometimes banks are closed or far away, you can withdraw money from your account very easily with the help of ATM And it is also used for online shopping or making online payment, etc.
ATM was invented by John Shepherd Baron. He was a resident of Scotland. He was born on 23 June 1925 in Shillong (Meghalaya), India. An incident happened to him behind its invention, after which he decided to overcome this problem. John Shepherd Baron once had to go to the bank to cash his check, but due to some urgent work, he was late in coming to the bank, he had to come back from the bank without cash. He was very disappointed that the check was not cashed. ATM Full Form is Automated Teller Machine.
On his way back to his house, he saw a machine in which chocolates came out after putting money. Seeing this chocolate machine, the idea of a money dispenser came to his mind. He thought that if a machine is made to withdraw money, then people will be very easy and people will not have to go to the bank. With this machine, money can be withdrawn at any time of the day, ie seven days of the week, and the facility of withdrawing money can be available round the clock. With this, there will be no need to go there within the stipulated time of the bank. Full Form Of ATM is Automated Teller Machine.
Types of ATM:
There are two types of ATM machines:
Most host processors in ATM can support leased(line or dial-up machines)
- Leased line machines
- Dial-up machines
1) Leased Line ATM Machines:
It connects directly to the account holder (HOST) processor via a four-wire point-to-point with a dedicated telephone line. These types of machines are preferred everywhere. The operating cost of ATM machines is very high.
2) Dial-up ATM Machines:
Dial-up ATMs connect to the host processor through a common phone line using a modem. These require a simple connection and have a very low initial installation cost. The operating cost of these machines is less than that of leased line machines.
How does ATM work ?
There are mostly two types of ATMs in India. On swiping the ATM card in an ATM machine, your card data is read, after that, you can do the transaction. And in some ATMs hold their card inside the machine itself. Keeps it until your transaction is completed. And with the help of a magnetic script in your ATM card, you can read your card. Number/Language/AC Type/Amount You have to select such facts, only then your transaction will be completed. Full Form Of ATM is Automated Teller Machine.
How to withdraw money from ATM?
Step 1: Insert ATM Card
There are mainly two types of cards number one is a debit card and number two is a credit card. Debit cards are mostly used in ATMs. So, in this post, I will talk about Debit Card.
So take your ATM card and put it in the ATM machine. As you can see in the picture, you have to insert your ATM card into the ATM machine.
Step 2: Choose Language
Select your language.
Step 3: Enter 4-digit ATM PIN
In this section, you have to withdraw your money from the bottom slot of the machine. Take your money before 30 seconds.
Step 4: Take a Printed Receipt
After receiving the money you will be asked to take the printed receipt or not. do whatever you want.
Step 5: Another Transaction
If you want to do any other transaction then select that option.
Step 6: Ending Your Session
After completing your entire transaction, press the CROSS or CANCEL button before exiting the ATM machine room.
Don’t forget to take your ATM card.
ATM Using Instructions:
While using ATM, we should keep some special things in mind and keeping these special things mind, we should use ATM, these special things are as follows: Full Form Of ATM is Automated Teller Machine.
1- Before entering the ATM, make sure that there is no other person inside.
2- Before going inside the ATM, take out your ATM card in advance so that you can do your work soon after going inside.
3- Don’t let anyone else in when you are inside the ATM.
4- Keep your ATM card secret if any other unknown person goes inside the ATM with you.
5- While entering the ATM PIN, keep in mind that no other person is standing near you, if this is the case, keep your hand on the keypad while entering your ATM PIN so that no one else can see your password.
6- After withdrawing money from the ATM, count your money once and make sure that the amount withdrawn is correct or not.
7- After using the ATM, you need to press the cancel button on the keypad to ensure that your account is not opened at the ATM.
8- If you are thinking of withdrawing money from ATM at night, then definitely take your partner with you.
9- Do not try to do any mischief inside the ATM because the cameras installed there always keep an eye on you.
10- Do not cover the mouth in any way inside the ATM, such as tying a handkerchief on the mouth, wearing a helmet, and do not cover the mouth in any way.
11- Before coming out of the ATM, make sure that you have kept your withdrawn amount or not, if your ATM card is not saved in the ATM and if your account is not opened in the ATM then you can go to any ATM. And before using the ATM, you must press the cancel button.
Features of ATM
Features of Automatic Teller Machine:
- Transfers funds between linked bank accounts
- Provides account balance information
- Prints the list of recent transactions
- Your PIN is changed
- Deposit your cash
- Prepaid Mobile Recharge
- Bill payment
- Cash Withdrawal
- Provides many features in your foreign language.
Advantages of ATM – ATM Full Form
Now we are telling you about the benefits of ATM so that you can know what are its benefits are and we are giving you information about some of the main benefits.
- ATM facility is available round the clock and can be easily used in case of any emergency.
- You will find ATMs very easily in every village and city and soon it will be available even in those villages which do not have ATM.
- PIN code is required to use the ATM which is with the account holder, thereby keeping your account secure.
- The ATM is very fast, so you can withdraw money from your account in a matter of seconds.
- Recently all types of banks provide you with ATM facilities.
- With the help of an ATM, you can do online shopping and online payment, etc.
- Your mobile number is also linked to the ATM so that you can get transaction information through SMS.
- You can also use ATM for money transfer and recharge etc.
These are the advantages of all ATMs and there are many more benefits and it is a bit difficult to tell about all its advantages, so we have given you information about some of its main advantages. ATM Full Form is Automated Teller Machine.
Conclusion – ATM Full Form
In this article we have given you information about ATM Full Form, what is ATm full form, types of ATM, how does ATM works, What is ATM, etc. we hope that you have found the given information about ATM useful if you like the information then share it with your friends and any other related to it. Please share the way. If you want to ask any questions then you can tell us by commenting.
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