OFFICE AUTOMATION – I MODERN OFFICE EQUIPMENT 11. ATMS & USE OF E-CARDS FOR BANKING TRANSACTIONS Now-a-days it is very necessary that one should know how to do banking using ATM card. Apart from ATM card, there are different variety of e-Card is also available in the market, which can be utilized for doing banking transactions. This lesson will help you to understand what are these card & how to use it properly.
11.0 Objectives After going through this lesson, you will be able to: • •
Understand what is ATM card & how to use them Other different variety of e-Cards available in the market & proper way to use it
11.1 Introduction Various facilities like, ATM & other e-Cards, exist in today’s world for making life more convenient, but certain amount of caution needs to be exercised when using these e.g. ATM, other e-Cards.
11.2 Automatic Teller Machine (ATM) An Automatic Teller Machine, or ATM for short, is a machine used for banking. It performs many of the same tasks as can be done at the bank branch. These include cash withdrawal and cash deposit, cheque deposit, statement of account, bill payment for utilities or credit cards, or for checking balance in the account. ATMs are installed by several banks at their branches and also at several convenient locations across various cities. Banks that have provide ATM facility issue a special card to all customers, called an ATM card, which can be used at the ATM for the transactions. For several banks this ATM card also serves as a special card called a ‘Debit Card’ which can be used for monetary transactions much like a credit card.
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