ATM full form Automated Teller Machine
This question is often asked in many competitive examinations, due to lack of correct information, many candidates are defeated here and are unable to answer this question. In this post, we will learn about the full form of ATM and information related to ATM. Many of us think that ATM full form is Any Time Money but it is not correct. Today we will get information about the full form of ATM.
|ATM full form|
ATM is known by various names in other parts of the world. In Canada, ATMs are also known as ABM (Automatic Banking Machine). In other countries, the terms Cash Point, Cash Machine, Mini Bank and "Hole in the wall" are used. So today I thought why don't you know what is the full form of ATM? The correct answer should be told, so that you will never be stressed about this question. Then let's start.
What is ATM?
ATM is an electronic telecommunications device that is used for financial transactions such as cash withdrawals, deposits, fund transfers and other bank related transactions at any time. This makes the banking process very easy as these machines are automatic and there is no need to interact directly with the bank employees.
Users access their account through a special type of plastic card, encoded with the user's information on a magnetic strip above the card. The Strip has an Identification Code which is transmitted by the Modem to the Central Computer of the bank. Users access the card to ATM to access their account and process their account transactions.