Indian currency is printed at which of the following places? Who is the governor of RBI? Which one is the World's biggest stock exchange? Which Bank gives long term loan to farmers? When did the first demonetisation take place in India? Testbook Edu Solutions Pvt. Automated Teller Machines have revolutionized the banking sector by providing easy access to customers and loading off the burden from bank officials.
Some of the uses of an ATM are-. To avail of the facility of Automated Teller Machines, you need to have a bank account and an ATM card against the account for the same.
The difference between an ATM card and a debit card is that an ATM card allows only cash withdrawal but a debit card also allows online payments and swipe payments. Every Automated Teller Machine has some common basic parts, even if they may differ in size and design. These are:. In some machines you have to drop your cards, some machines allows swapping of cards.
These ATM cards contain your account details and other security information in the form of a magnetic strip. After the successful authentication, machine will allow financial transactions.
Now a day, ATM has a lot of functionalities along with its basic use of cash dispensing. Some of them are:. As the name suggests, the user is required to scan his or her fingers at these ATMs before withdrawing money. Its height is 14, feet above sea level and is operated by Union Bank of India. JavaTpoint offers too many high quality services. Mail us on [email protected] , to get more information about given services.
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