Sharing Wisdom and Vivid Memories of Life


Kalyan City is a fast emerging residential township in the Thane district of Maharashtra state, India. It is a central suburban town and resides 54 km north-east of Mumbai. This blog regularly shares quality academic materials. Here we also document our unique experiences and vivid memories of life. Read our lucid, informative articles to excel your understanding, knowledge and success.


Articles published on Kalyan City Life blog is inspired by our work experience, field research, study of various good books and papers, seminars and consultations from subject scholars. Our unique collection of useful study notes is an outcome of a team effort and hard work of Gaurav Akrani, Prof. Mudit Katyani and Manoj Patil.

Automated Teller Machine ATM - Advantages of ATM

red square What is ATM ? Automated Teller Machine ↓

ATMs are electronic machines, which are operated by a customer himself to deposit or to withdraw cash from bank. For using an ATM, a customer has to obtain an ATM card from his bank. The ATM card is a plastic card, which is magnetically coded. It can be easily read by the machine.

Automated Teller Machine ATM

Image Credits © lord_h8r.

To operate an ATM card, the customer has to inset the card in the machine. He has to enter the pass word (number). If the authentication or pass word (number) is correct, the ATM permits a customer to make entries for withdrawal or for deposit. On completion of the transaction, the customer's card is ejected from the ATM.

red square Advantages of Automated Teller Machines (ATMs) ↓

red square 1. ATM provides 24 hours service

ATMs provide service round the clock. The customer can withdraw cash upto a certain a limit during any time of the day or night.

red square 2. ATM gives convenience to bank's customers

ATMs provide convenience to the customers. Now-a-days, ATMs are located at convenient places, such as at the air ports, railway stations, etc. and not necessarily at the Bank's premises. It is to be noted that ATMs are installed off-site. (away from bank premises) as well as on site (installed within bank's premises). ATMs provide mobility in banking services for withdrawal.

red square 3. ATM reduces the workload of bank's staff.

ATMs reduce the work pressure on bank's staff and avoids queues in bank premises.

red square 4. ATM provide service without any error

ATMs provide service without error. The customer can obtain exact amount. There is no human error as far as ATMs are concerned.

red square 5. ATM is very beneficial for travellers

ATMs are of great help to travellers. They need not carry large amount of cash with them. They can withdraw cash from any city or state, across the country and even from outside the country with the help of ATM.

red square 6. ATM may give customers new currency notes

The customer also gets brand new currency notes from ATMs. In other words, customers do not get soiled notes from ATMs.

red square 7. ATM provides privacy in banking transactions

Most of all, ATMs provide privacy in banking transactions of the customer.



FlagsFrance flagGermany flagItaly flagBrazil flagSpain flagJapan flagIndia flagChina flagRussia flagdefault

No Comment Yet

    Please Comment

    Scroll To Top