CBSE Class 12-commerce Answered
what is ATM
Asked by dr. gangh shaym herau herau | 21 Aug, 2018, 11:27: PM
Expert Answer
Automated Teller Machine (ATM)
- ATM means an electronic banking machine which enables the customers to perform transactions such as cash withdrawals, deposits and obtaining account information.
- This service is facilitated by inserting a plastic card in the machine along with a valid identification code.
- The customers are provided 24X7 services to withdraw cash from ATM.
- It saves time and work load of the banking personnel who attend the customers waiting in long queue for their transactions.
Answered by Tharageswari S | 23 Aug, 2018, 09:50: AM
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