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ATM Full Form, What is the Full form of ATM?

 Full form of ATM is Automated Teller Machine.

ATM is an electro-mechanical machine that’s used for making monetary transactions from a checking account.

These machines are used to withdraw cash from private financial institution accounts. Like in a financial institution department the cashier, formally often known as teller counts money and handover it to the shopper, in the identical method machine does it for you.

Therefore, it’s referred to as “Automated Teller Machine”. It permits card holder to attract cash from his private checking account with out going to financial institution.

This makes banking course of very straightforward as a result of these Automated Teller machines are automated and there’s no want of human cashier for transaction.

The ATM machine could be of two varieties; one with primary capabilities the place you’ll be able to withdraw money and one other one with extra superior capabilities the place you can even deposit money. Now a day, ATM has a number of functionalities together with its primary use of money meting out.

A few of them are money and cheque deposit, Fund switch, money withdrawal and stability enquiry, new PIN era and PIN change, mini assertion, invoice funds and cell 

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