GENERAL KNOWLEDGE

Detailed explanation-1: -ATM stands for automated teller machine. These are electronic banking outlets that allow people to complete transactions without going into a branch of their bank. Some ATMs are simple cash dispensers, while others allow a variety of transactions such as check deposits, balance transfers, and bill payments.

Detailed explanation-2: -The full form of ATM is Automated Teller Machine. It is a self-service banking outlet through which you can check your bank balance, withdraw cash, or even transfer money to another bank account.

Detailed explanation-3: -An ATM allows customers with credit or debit cards to carry out basic banking transactions without the aid of a human bank teller. Customers can use them to withdraw cash, check their bank balance or get a printed balance statement. Some ATMs also allow customers to make cash deposits and move funds between accounts.