Q.Write a short note on: A.T.M.

An A.T.M. (Automated Teller Machine) is an electronic, self-service banking machine that allows customers to perform routine transactions — cash withdrawal, deposit, balance enquiry, mini-statement and fund transfer — round the clock, using a plastic ATM-cum-debit card and a secret PIN, without needing a bank cashier. ## Meaning of A.T.M. A.T.M. stands for Automated Teller Machine. It is a computerised machine provided by banks that lets customers access their accounts and carry out basic banking transactions electronically, 24 hours a day, without the help of a human teller. To use an ATM, the customer inserts a plastic ATM-cum-debit card and enters a secret Personal Identification Number (PIN). The main services are: withdrawing cash, depositing cash or cheques, checking the account balance, printing a mini-statement, changing the PIN, and transferring funds. ATMs save time, work beyond branch hours and at many locations, and are a key part of e-banking. It is studied in the AP Intermediate 2nd-year Commerce Banking Services chapter. …