ATM (Automated Teller Machine)

byPaytm Editorial TeamLast Updated: November 14, 2025

Meaning

ATM stands for Automated Teller Machine. An ATM is a self-service banking machine that lets customers withdraw, deposit, or check account balances without visiting a bank counter.

How It Works

You insert your debit or credit card, enter your PIN, and choose a service like cash withdrawal or balance inquiry.

Benefit

ATMs are available 24×7 and make banking convenient for everyone.

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