What is the full form of ATM?
एटीएम का फुल फॉर्म क्या है?
ATM Full Form: It is an electronic telecommunication device. It can be used by all those who have a bank account. It is used for money transactions. It makes all kinds of services like money transfer, cash withdrawal, deposit, etc. from the bank easy.
In today’s time, ATM has become very important for us. Every one of us must go to the bank or ATM almost every day. We are using ATM in daily work, whether to withdraw money or to transfer money to someone, then with the help of ATM, it is easy to do these tasks. In the article, we are presenting you with detailed information about the full form of ATM. This is an automatic machine which is very easy to use. There is no need to talk to any bank employee in this process.
Why is the question related to the full form of ATM asked in the competitive examinations nowadays?
Nowadays this question is mostly asked in competitive examinations but due to lack of correct information, most of the candidates are not able to answer it correctly. In this article, we will talk about this. Generally, people understand that the full form of ATM is Any Time Money but this is not correct.
ATM is known by different names in different countries of the world. It is known as ABM (Automatic Banking Machine) in Canada. In many other countries, it is known by many names like Cash Point, Cash Machine, Mini Bank, and “Hole in the wall”. Keeping this in mind, today we have thought that people should be informed about the correct full form of ATM. So that they do not have any kind of confusion regarding this question.
What is the full form of ATM?
The full form of ATM is – “Automated Teller Machine”.
If we analyze ATM, we will get the following-
- A – Automated
- T – Teller
- M – Machine
Other Full Forms of ATM
So let us get information about some other full forms of ATM which are as follows-
- Air traffic management (in aviation terminologies)
- Asynchronous Transfer Mode (in I.T. Sector) This is a telecommunications concept that is defined by ANSI and ITU.
- Association of Teachers of Mathematics ( This is a UK non-profit organization and registered charity)
- Angkatan Tentera Malaysia (Malaysian Armed Forces)
- Altamira Airport This is an airport located in Altamira, Brazil (Airport Code).
What is ATM?
ATM is an electronic telecommunications device. It has made the banking process very easy in today’s time. The reason for this is that it is an automatic machine. Because of this, we do not even need to go to the bank.
Users access their bank account with the help of a type of plastic card. The ATM card is encoded with the account holder’s information on a magnetic stripe on top of it. Strip; (Strip) consists of an Identification Code which is sent by the Modem on the Central Computer of the Bank. Users insert their card into an ATM to access their account and withdraw cash from their account.
ATM Full form in Hindi
Let us know here that what is the full form of ATM in Hindi?
- ए – स्वचालित
- टी – टेलर
- म – मशीन
How does an ATM work?
To start any work in an ATM, first of all, you have to insert your card inside the ATM machine. In some ATM machines, we have to swipe our cards. In some, we have to input inside the ATM machine. When we drop/swap your card in the ATM machine, it gives your account information to the ATM machine and asks for your account PIN number. When we input the PIN number, other withdrawal information has to be input. After which we do cash transactions.
What are the parts of ATM?
There are two types of devices in an ATM, with the help of which the user is easy to use. These two tools are as follows-
- Input Device
- Output Device
Input Device
Card Reader: ATM has a card reader, which reads the information related to our account. This card reader is located on the magnetic stripe on the backside of the ATM. It sends it to the server for verification. As a result, based on the bank account information and ‘orders’ received from the user service, the ATM machine provides.
Keypad: Keypad is available to enter information related to our account in ATM, with the help of the keypad we enter our PIN details and how much cash we withdraw. Apart from this, many other facilities like checking balance, canceling, using banking function, pressing Enter button, etc. can be input into ATM machine with the help of keypad.
Output Device
Screen: Every ATM machine has a screen. It is used to get information related to the account, the name of the account holder, the balance amount of the account, etc. Apart from this, we can also see the details of all the transactions we do with our account in the form of mini statements.
Speaker: In today’s time most ATM machines have speakers installed. With the help of these, we get audio feedback of our entered details. Due to this, there are no chances of mistakes in entering the details.
Cash dispenser: The cash dispenser device is the most important device in the output devices of an ATM machine. It is used to withdraw cash from ATM.
Receipt Printer: Receipt printers are installed in every ATM machine. Any transaction we do with our account. So after that, a receipt comes out from the ATM machine. In this receipt, the information of cash withdrawn, balance amount, time, place, date, etc. is written.
Types of ATMs
There are many types of ATMs whose details are as follows-
- Online ATM: This ATM is connected to the bank account database 24 hours a day. You cannot withdraw cash in excess of the amount available in your bank account.
- Offline ATM: Offline ATM is not linked to the bank account database. If you do not have enough money in your bank account, you can withdraw it, provided the bank can impose a penalty on you for this.
- On-Site ATM: ATM machines installed inside the bank premises. It is known as An Site ATM ATM.
- Off-Site ATM: The ATM machines are installed at various places in the bank premises. It is known as an Off-Site ATM ATM.
- White Label ATM: So ATM Non-Banking Financial Companies apply GSA, it is known as White Label ATM.