Glossary

Automated Teller Machine (ATM)

Is an electronic telecommunication device that allows Customers to perform financial Transactions such as withdrawals, deposits, transfer of funds, or obtaining account information at any time without the prerequisite of referring to the Bank or Payment Institution’s staff.

How does ATM work?

ATM allows Customer to execute simple orders in places where ATM machine is installed by entering a Pin-Code which authorises Transactions and execution of simple tasks like  deposition of money or verification of Account Balance.

 

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