What is ATM Full Form and How ATM Works ?


What is ATM Full Form and How ATM Works.

Atm Full form – In this post, we are going to share the basic information related to Atm with you. Everyone knows about Atm today. Because most people have an account in the bank.

Along with the account, the bank also gives us the facility of Atm card. And using this Atm card, we withdraw money from our Account. With Atm card, we can do many things online.

Withdrawing money from Atm is very easy. And to withdraw money, we do not even need to fill a form. And the biggest advantage is that the facilities of Atm are 24 * 7. From which we can withdraw money at any time.

But do you know what is Atm, what is the full form of Atm. And how Atm works. If you want to know, then read the post till the last.

An ATM is a computer-like electro-mechanical machine. We use this to withdraw money from our bank account.

ATMs made banking tasks very easy, as they are automatic. And no cashier is required to withdraw money from them.

Apart from withdrawing money from Atm, we can do many other things. For example – Option to deposit money in machines like Balance Inquiry, Money Transfer, Mini Statement and nowadays has started coming.

ATM full form – Automated Teller Machine

Who invented the ATM :
What is atm? And after knowing the Atm full form, it would come to your mind, who invented ATM after all (Who invented the atm) so that we can withdraw money from our account so easily. So let’s also know about it.

Atm was invented by John Shepherd Baron from Scotland. He was born on 23 June 1925 in Shillong (Meghalaya), India.

John Shepherd Baron was once to go to the bank to cash his check. And for some important work, he was late for the bank and the bank was closed.

He was very disappointed due to lack of check cash, and went back to his home. On the way, he saw a machine in which Chocolate came out after pouring money.

Seeing this, his mind got the idea of   making Atm machine. So that people have no problem in withdrawing money. And 24 * 7 can withdraw money whenever needed.

The world puzzle Atm machine was installed on 27 June 1967 at Barclays Bank in London. And in India, the puzzle Atm machine was installed in September 1987 by HSBC (hongkong and shanghai Banking Corporation).

How does Atm Work?
In the post atm full form, now we know about how ATM works. Using ATMs is a common practice nowadays. And all use ATMs. But people do not know how Atm works? If you also use Atm, and you do not know how ATM machine works. So you can know in this post.

Atm machine runs on internet. And it is connected to the bank’s server. To withdraw money, we put our Atm Card in the Card Reader slot of the ATM. The ATM then checks the information associated with our account. Which is engaged in magnetic stic or chiep of our Atm card.

After this your PIN (Personal Identification Number) is asked. And then all the information related to our account is sent to the bank. And when all the information is correct, Atm gets our Transaction Complete upon receiving the Response from Bank to Atm.

All ATMs are connected to banks’ servers through satellite. That is why we can withdraw money from Atm Machine easily anytime.

How to withdraw money from ATM? (how to withdraw money from atm)
Today it is common practice to use single ATM. But some people do not know how to withdraw money from ATM? Or how to withdraw money from atm, I am going to tell you in a very easy step for them.

Option to withdraw money is almost same in all bank ATMs. But some Atm have slight Changes.

Step-1. First of all, we have to go to a Bank Atm. We can withdraw money from any bank’s Atm, but if possible, choose the Atm of the same bank in which you have an account.


Step-2. After entering Atm, insert your Atm Card in the slot of the Atm machine. While inserting the card, take care not to put the card upside down.


Step-3. Some ATMs have the option of card swipe and in some ATMs the card has to be kept inside till withdrawal.


Step-4. On the next screen, you will get the option to select the language. You can choose the language according to your own.


Step-5. After this, you will get the option of Enter your Pin on the screen. Where you have to enter your Personal Identification Number. Which is given by the bank. Or we generate from Atm machine.


Step-6. After this, you will see the option of cash withdrawal on Sreen, select it.


Step-7. Next you have to select Account Type. Select your account type from both Saving Account and Current Account.


Step-8. On the next screen you will see Enter amount. Fill the amount of money you have to withdraw there. And then click on Continue.


Step-9. After continuing, cash will be released from Atm and your transaction will be completed.

 

ATM Machine Parts :
What is Atm in this post till now? How does Atm full form and Atm work? You must have learned about it.

But now we are going to talk about some basic parts of Atm. We withdraw money from the ATM machine but we do not know about the ATM parts.

Atm machine is made up of 2 input and 4 output devices.

Atm Input Devices:
Card reader – Card reader captures the details of our account from the magnetic stripe behind our ATM card. And through Host processor, this information is sent to our bank’s server.
keypad – these are mainly PIN NO. And Amount is used for inserting. Which is at the bottom of the screen.

Atm Output Devices:

Speaker – There is a Speaker inside the ATM machine, which is heard when we press any key or select the option.
Screen – Lcd screen is an important part in Atm. When we withdraw money from Atm, all the options are visible on the screen.
Printer – When we enquery Mini statemant or Belance from our atm. So we get a Reciept. Which is Printe from the Printer inside the Atm.

Cash Dispenser-

The place in which the cash comes out of the Atm machine. It is called a cash dispenser.
What are the benefits of ATM? (Advantages of an atm)
24 * 7 Service -Atm has 24 * 7 service. So that bank customers can withdraw money whenever they want, day or night.
Withdrawal Easly – No slip or form has to be filled to withdraw money. And the lines like the bank do not have to be installed.
Online shopping – You can pay online from Atm by shopping online from e-commerce website.
With Money Transfer -Atm we can transfer money from one bank to another.


Cash Deposit  Now the option of Cash Deposit has also started coming in Atm Machine. So that we do not need to go to the bank and put it in lines. We can also put money from our Atm into Account.


With Bill payAtm, we can pay online bill. Such as electricity bill, gas bill and water bill etc.



Mobile Recharge –  We can easily do any prepaid Recharge sitting at home through our Atm.


Through Insurance Atm, we can fill the installment of our Insurance company.


Ticket booking Atm, we can book our train or flight ticket.
Some interesting facts related to Atm
The first Atm in India was set up in September 1987 at City Bank and HSBC Bank in Mumbai.
The first person to withdraw money using Atm was the famous comedy actor Reg Warne.
The most commonly used PIN number in Atm. Is 1234.
The first floating ATM was installed in Kerla (kochi).
The highest ATM is at Nathu La. It was stationed for the Army at Atm India and China Bordar.
The country with the highest number of atm is South korea.


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