How to Withdraw money from ATM step-by-step full information.
How to Withdraw money from ATM step-by-step full information.
In this article, I am going to explain a full procedure so that you can well aware of withdrawal process .
What is an ATM ?
It is an Automated Teller Machine which is like a electronic banking machine that help us to perform basic money transactions such as Withdraw money, etc without any other human presence.
More about ATM ?
It was invented in 1960 by John Shepherd-Barron but in India it was used in 1987 by the comman people and it beace more useful and now it giveing 24 hours facility .
What is an ATM card ?
It is a type of of plastic card which is taken from bank. If you not have you can make 1 debit card from the bank manager
ATM card is also known as Debit card .
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You can use ATM card in online shopping, Withdrawing cash from ATM , and also in recharge.
Types of ATM card :-
They are mainly of four types namely
1) Maestro De
2) Rupay Debit card
3) Visa Debit card
4) Master Debit card
It is now providing more services apart from withdrawing cash :-
1) Apply for loans
2) Deposit checks and cash
3) Pay bills
4) Pay insurance premium
Types of ATMs:-
They are mainly of two types
1) One-site ATM are those type of ATM which are available in inside the bank compound as well as outside without any presence of bank branch .
2) Other is categorised on the basis of their origin and purpose . These are following :-
1) White label ATMs - These were set-up and operated by Non-banking Financial services.
2) Yellow label ATMs - These are provided to assist with e-commerce people transaction.
3) Brown label ATMs - These were not directly owned by the financial institution but are leased to pro ATM facilities in various places .
4) Orange label ATMs - These were used for all trading shares .
5) Pink label ATMs - These were only owned by women .
6) Green label ATMs - These were have facilities only for agricultural purpose.
Structure of an ATM -
These are the basic parts of ATM .
1) Display screen - It guides to use user for transaction visually .
2) Card reader - It is an input device that identifies your bank account on the basis of your card you enter .
3) Cash Dispenser - It is an output device in which you get your cash that you withdrawn from your account.
4) Receipt printer -
5) Keypad - It is an input device that guides your transaction .
How to reedem money from ATM ?
Step 1) Go to your nearest ATM
Step 2) Enter your ATM in the slot and remove it after 2-3 second. Don't worry if the ATM card will gone inside . it will be given after transaction.
Step 3) It will appear to choose your language
Step 4) Choose your pin and click on confirm which is of 4 number code
Step 5) Then these following ption will appear :-
1) Cash Withdrawal
2) Fast cash
3) Balance inquiry
4) Mini statement
5) Fund transfer
6) Pin change
7) Deposit Other Request
Step 6) To Withdraw your money click on Cash Withdrawal
Step 7) Then you got two options Saving account and current account. You have to click on Saving account.
Step 8) You get option to Please Enter Amount and you have to give amount that how many money you have to withdraw and click on yes or ok .
Step 9) It will ask would you have to like a receipt if you want receipt of your payment click yes, if no click no .
Step 10) It will appear that Your transaction being process please wait means your withdrawal amout will be given in 1 minute .
Step 11) You can take your money and ATM card but press on cancel before leaving it on you ATM machine.
Note : Click on cancel after transaction .
Conclusion : You may understand that how to Withdraw money from ATM . If you have any problems comment us .
Thank you for reading our article .
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