1)What is the full form of ATM?
Automated Teller Machine.
2)Why ATM pin is 4 digits?
John Shepherd Barron, inventor of ATM, wanted to keep 6 digits ATM Pin, but his beloved wife Carolyn didn't remember 6 digits. Thus, he made a 4 digits ATM Pin. 1234, 1111 and 0000 these are the mostly common used. 8068 is the least common used password.
3)Different names of ATM.
ATMs are known by varieties names. In the UK and New Zealand, it is called a Cash machine or a cash point. In Canada and Australia, it is called a Money Machine.
4)Is there any ink bottle inside the ATM?
A blue ink bottle is placed inside the ATM, where notes are placed. If someone tries to forcefully withdraw a note or breaks the machine, then ink spreads on the notes.
5)Which bank has first installed an ATM in India?
The HSBC[Hong Cong and Shanghai banking corporation] has first installed ATM in Mumbai in 1987.
6)Is there any floating ATM in India?
The first floating ATM has installed in Kerala. This ATM has installed by State Bank of India[BOI].
7)Is gold to withdraw from ATM?
Yes, gold can also be withdrawn from ATM but in India. The first gold-plate extracting machine has installed in the lobby of Emirates Palace Hotel, Abu Dhabi.
8)Without card can we withdraw money?
Yes, we can with the use of biometric. In Brazil, the biometric ATM is used for banking transactions and for passwords. The users have to scan their fingers at these ATMs.
9)Is there any highest ATM in the world?
Yes, it is in our country, India. World's highest ATM is placed in NATU La Pass. The height of this ATM is 14,300 above the sea level. It is installed by Union Bank of India. This ATM is installed for Army personnel, who are posted on Indochina border.
10)Why there is an AC in ATM?
It is neither for the customer nor for the security guard. It is installed to content the heat and to protect the machine from burning due to overheat. As ATMs are worked 24 hrs, so the AC are also worked for 24 hrs.
11)Different types of ATMs.
Offsite ATMs-These ATMs are located in various places except inside the bank premises and thus named as Offsite ATMs.
White Label ATMs-These ATMs are set up & owned by Non-Banking Financial Companies and offer all the services are known as White Label ATMs.
Yellow Label ATMs-These ATMs are mainly installed to provided for E-Commerce facility.
Green Label ATMs-These ATMs are installed for the transaction related to agriculture.
Orange Label ATMs-These ATMs are used in the share transaction.
Brown Label ATMs-These ATMs are not owned by the bank, instead they are taken on lease to provide the service to the customer.
Pink Label ATMs-These ATMs are meant only for Women.
Cash dispenser ATMs-These ATMs allow only cash withdrawals, balance inquiry and mini statement requests.
Mobile ATMs-These ATMs move in various area for customers. Few private banks have installed ATMs on wheels.
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