ATM Full Form and Meaning
ATM stands for Automated Teller Machine, a self-service machine that lets you withdraw cash, check account balances, deposit money, and perform other banking tasks without visiting a bank branch.
ATM Definition
ATM is an electronic banking machine that provides customers access to their bank accounts 24/7 through a secure PIN-based system.
Key Features
- Convenient Access: Available anytime, anywhere.
- Multiple Services: Cash withdrawal, balance inquiry, mini statements, and fund transfers.
- Secure Transactions: Requires a PIN for access.
Example: If you need cash urgently, you can use your debit card at an ATM near you to withdraw money instantly.
Why it’s Useful: ATMs make banking easier by reducing the need to visit a bank for basic services, saving time and effort.
