ATM Tips: Apart from withdrawing cash, ATM is also expert in these 6 tasks...
ATMs in India are no longer just cash withdrawal machines. ATMs now offer features like balance checks, mini statements, fund transfers, bill payments, and checkbook requests, reducing the need to visit the bank.
What Other Functions Does an ATM Perform?
Today's ATM is no longer just a cash withdrawal machine; it has become a smart digital companion to your banking. Customers can now avail of various features, such as balance checks, mini statements, fund transfers, and checkbook requests, all through their ATMs. Many ATMs also offer cash deposit facilities, reducing the need to visit a bank branch. Security features have also become stronger than ever, making transactions easy, secure, and hassle-free.
Check Balance
Today, the need to visit a bank branch has been significantly reduced, as ATMs now perform many important tasks instantly. You can check your account balance directly on the ATM screen, without filling out any forms or waiting in line. The mini statement also provides complete information about the last few transactions, making it easier to understand how much money is left in your account and how much has been spent recently. This feature saves time and makes banking much easier.
Utility Bill Payment
Today, ATMs are not just a means of withdrawing money, but also a fast and convenient banking service center. Many ATMs now allow you to transfer money directly from your account to another, quickly and securely, especially when both accounts are with the same bank. Furthermore, bills like electricity, water, mobile recharge, and gas bills can also be easily paid through ATMs. This eliminates the hassle of long lines, bank visits, and offline payments.
PIN Generation
Today, ATMs have made banking services easier and more secure than ever. You can now update the mobile number linked to your bank account through an ATM from the comfort of your home. Furthermore, changing your debit card PIN or generating a new PIN has become incredibly easy. This feature strengthens the security of your account and reduces the risk of fraud. Now, you can fulfill many of your essential banking needs without visiting a bank branch.
Paying Credit Card Bills
Paying your credit card bills has become even easier. You can pay your credit card bills directly from an ATM. You simply enter the card number and amount, and the payment will be processed instantly. This feature is great for those who often struggle to make online payments or forget the due date.
Depositing Checks
Now you don't need to go inside the bank to deposit checks. Many modern ATMs have a "check deposit" option. You simply insert your check into the ATM, and it will be deposited instantly. This saves time and allows you to deposit checks at any time without any hassle.
Fund Transfer — Send Money from One Account to Another
ATMs are no longer limited to cash withdrawals; they can also be used to transfer money from one account to another. Many banks have introduced funds transfer facilities in their ATMs. Simply enter the receiver's account number and the necessary bank information, and the funds are transferred instantly and securely. Importantly, if both accounts are with the same bank, the process becomes even faster and easier. This feature eliminates the hassle of visiting a bank branch or filling out forms, saving both time and effort.
Why are ATM functions changing?
Banks are making ATMs multi-functional to promote Digital India and provide better customer convenience. This reduces the burden on banks and allows customers to perform their necessary tasks anytime, anywhere. These features save customers time and provide greater flexibility in financial transactions.
ATMs are for many purposes.
So next time you visit an ATM, don't just think about withdrawing money. See what other tasks your smart ATM is making easier for you. Forget the hassle of visiting the bank forever and take full advantage of these amazing features of modern ATMs. Your banking is now in your pocket, close to your home. (Note: This news is based on general information; contact your bank for more details.)
Disclaimer: This content has been sourced and edited from Zee Business. While we have made modifications for clarity and presentation, the original content belongs to its respective authors and website. We do not claim ownership of the content.
