ATM Full Form

Automated Teller Machine

Dear Mates, Welcome to FullFormsDetailed, today we will know the ATM full form in this article. All of us have heard the name of ATM at some time, but we do not know what is ATM full form, so I am writing this article, in this article you will be learn the ATM full form. Along with ATM full form, we will know more about the word ATM, because knowing only ATM full form will not be enough. So mates, let's know what is ATM Full Form in detail.

ATM Full Form
ATM Full Form

History/Introduction of ATM

ATM made its debut at Barclays En field Town branch in north London in June year 1967. It is invention is credited to British inventor Mr.John Shepherd-Barron.

When was the ATM invented?
June 27, 1967

Which bank launched first ATM in world?
Bank Barclays

Who invented ATM card?
John Adrian Shepherd-Barron

What is ATM and how it works?
Automatic Teller Machine (ATM) is a banking terminal that accepts deposits and dispenses cash. ATM's are activated by inserting cash (in cases of ATM Depositing) or debit /credit card that contain the user's account number and PIN on a magnetic stripe (for cash withdrawals).

How ATM works step by step?
a. Insert the ATM Card
b. Select the Language
c. Enter 4 Digit ATM Pin
d. Select/Choose type of Transaction
e. Select/Choose Type of Account
f. To enter the withdrawal amount
g. To collect the Cash
h. Take a printed receipt, if needed.

What are the ATM services?
1) Open or withdraw a fixed deposit
2) Recharge your mobile
3) Pay income tax
4) Deposit cash
5) Pay insurance premium
6) Apply for personal loan
7) Transfer cash
8) Pay your bills
9) Book railway tickets

ATM Helpline
1800 425 3800

Advantages of ATM

Provide Convenience to Customers

Offer 24×7 Service

Reduce Banks Workload

Access to Bank Account from Anywhere

Minimizes Transactions Cost

Disadvantages of ATM

Charges Fees

Limitation on Cash Withdrawal

Possibility of Frauds

Non-Reachable in Rural Areas

Is ATM Online Banking?

Automated Teller Machine (ATM) is a terminal that performs functions of an actual bank teller, such as allowing the user to make withdrawals & deposits.

ATM block toll free number

Type of Card                        Number to be contacted
A. ATM , DEBIT CARDS 1800 425 2407 {Toll Free} 080- 26600587, 26602500
B. CREDIT CARD                 1800 22 6606 (Toll Free)  022 - 4042 6009

Who fills money in ATM machines?

As the proprietor of the ATM machine you are answerable for stacking money in the machine or hosting a third get-together burden money into the machine. This money is likewise taken care of consistently as clients pull money from the ATM and kept go into a ledger based on your personal preference.

ATM Card 

An ATM card is an installment card or devoted installment card gave by a monetary establishment which empowers a client to get to mechanized teller machines.

ATM Card Number 
On the front essence of check card, a 16 digits' code is composed. Initial 6 digits are Bank Identification Number (BIN no.) & rest of the 10 digits are Unique Account Number of the card holder. Indeed, even the Global Hologram imprinted on the plastic is a kind of security 3D image which is extremely hard to duplicate. It is three dimensional.

What is ATM card used for?
Automated Teller Machine (ATM) cards are the most straightforward cards. They are offered by banks and some credit associations and are principally used to pull back money and make essential financial exchanges at ATM's situated in numerous spots. Most guarantors will charge a client expense if the card is utilized to pull back assets from an alternate bank.

What are the types of ATM cards?
1. ATM/Debit Card with Visa or MasterCard logo
2. Debit Card with Visa or MasterCard logo
3. Credit Card {American Express, Discover, MasterCard, Visa}

ATM Debit card 
A debit card is an installment card that deducts cash legitimately from a buyer's financial records to pay for a buy. Platinum cards dispose of the need to convey money or physical checks to make buys straightforwardly from your investment funds.

ATM Credit card 
A Credit card is an installment card gave to clients to empower the cardholder to pay a dealer for products and ventures dependent on the cardholder's guarantee to the card to pay them for amounts in calculation to the next concurred charges.

What is ATM VISA card? 
Visa Debit is a significant brand of check card gave by Visa in numerous nations around the globe. In numerous nations the Visitors International Stay Admission (VISA) Debit usefulness is regularly joined on a similar plastic card that permits access to ATM and any local systems like Electronic funds transfer at point of sale (EFTPOS) or Interac.

ATM Charges

Which banks do not charge ATM fees?
1. E-Trade Bank
2. TIAA Bank
3. USAA Bank
4. State Farm Bank
5. Charles Schwab Bank
6. Needham Bank
7. Capital One
8. Ally Bank
9. First Republic Bank
10. Alliant Credit Union

Why do banks charge ATM fees?
One reason that banks charge expenses is to make up for the expenses related with possessing and working the machine. Every ATM exchange costs a bank around 27 currencies, as indicated by

ATM Cash Withdrawal Limit

On current days, we can pull back at least Rs 500 and limit of Rs 10,000 out of a solitary exchange and Rs 20,000 out of a day.

ATM Response Code List

Response Code
→Unauthorized Usage
→Expired Card
→Invalid Card
→Incorrect PIN
→Database Problem
→Ineligible Transaction
→Ineligible Account
→Transaction Not Supported
→Insufficient funds
→Insufficient funds
→Usage Limit Exceeds
→WDL Limit Would Be Exceeded
→Pin Tries Exceeds
→WDL AMT already reached
→Invalid Credit Card Cash Advance Amount

→External Decline
→System Error
→Contact Card Issuer
→Destination Not Available
→Routing Loop back
→Message Edit Error
→Dormant Account
→Account is locked
→Inoperative Account
→Acct Not Connected to ATM Card
→Acquirer limit exceeds
→Minor Acct
→Insufficient Funds
→Insufficient- mod-funds
→Drawing Power
→Blocked Card

ATM Operator 

ATM Operator implies a Person other than the Bank that claims an ATM or the money set in the ATM and that is given Network access by an International Organization for Standardization (ISO) that is enlisted as an Agent by the Bank and all the more completely characterized by Plus System, Inc.


What is ATM PIN number? 
An ATM PIN or Personal Identification Number is a 4 digit code that is one of a kind to each record holder's ATM cum check card and is given to guarantee that all the money withdrawals, point of sale (POS) exchanges and online exchanges are made sure about.

How can we get our ATM PIN number?
➤ Click/tap on the 'PIN Generation' choice (Bottom right of the ATM Screen)
➤ Enter our Account Number.
➤ Enter our enlisted Mobile Number & Confirm the equivalent by reappearing it. Presently we can see a Message in the ATM screen 'PIN Shall be gotten on the Registered Mobile Number'.

Can we generate ATM PIN online?
Truly, we can undoubtedly make another ATM PIN on the web. In the event that we are a SBI Account holder, at that point we can produce another ATM PIN utilizing the net financial office, The main thing we need to guarantee is that our enlisted versatile number must be refreshed on the grounds that an One-Time Password (OTP) is required for finishing the procedure.

ATM Rules

What is the rule of cash withdrawal from ATM?
As per new standards, if banks neglects to switch bombed ATM exchange where record was charged yet money was not administered, banks need to pay a remuneration of  Rs.100 every day if they don't turn around the exchange inside a limit of T + 5 days. T alludes to the day of exchange and alludes to the schedule date.

What is the new rule of ATM?
As per the adjustment in guidelines from the Reserve Bank of India, clients are currently qualified for 3 free ATM exchanges every month rather than 5 exchanges. The standard is relevant for clients in Bengaluru, Mumbai, Chennai, Kolkata, Delhi, and Hyderabad.

ATM Security System

How does ATM security work?
Current ATM's are actualized with high-security assurance measures. They work under complex frameworks and systems to perform exchanges. The information handled by ATMs are generally scrambled, yet programmers can utilize circumspect hacking gadgets to hack accounts and pull back the record's parity.

What security precautions are necessary for ATM?
a) Memorise our PIN. (Don't write it down anywhere on ATM Card)
b) Our card is for our own personal use. Do not share our PIN or card with anyone, not even our friends or family.
c) 'Shoulder surfer' can peep at our PIN as we enter it. 
d) Do not take help from strangers for using the ATM card or handling our cash.
e) Press the "Cancel" key before moving away from the ATM. Remember to take our card & transaction slip with us.
f) If we take transaction slip, shred it immediately after use.
g) If our ATM card is lost or stolen, report it to our card issuing bank immediately.
h) When we deposit a cheque or card into our ATM, check the credit entry in our account after a couple of days. If there is any discrepancy, report it to our bank.
i) If our card gets stuck in ATM or if cash is not dispensed after we having keyed in a transaction, Then call our bank immediately.
j) If we have any complaint about our ATM/Debit/Credit card transaction at an ATM, we must take it up with the bank that issued the card to us.


So, mates today, in this article we have known what is the ATM full form. I also told you a lot about ATM with ATM Full Form in this article like when and who invented it, what are the advantages of ATM, how can one use ATM & all etc. If you have any questions or queries about this article, then comment us below. And if you liked this article of our ATM Full Form, then do share with your friends/colleagues etc.

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