The best answer for What is full form of ATM?
The full form of ATM is Automated Teller Machine. ATM is an electro-mechanical machine that is used for making financial transactions from a bank account. These machines are used to withdraw money from personal bank accounts.
This makes banking process very easy because these machines are automatic and there is no need of human cashier for transaction. The ATM machine can be of two types; one with basic functions where you can withdraw cash and another one with more advanced functions where you can also deposit cash.
To operate an ATM, you insert an ATM or debit card and enter a Personal Identification Number (PIN), a secret password that you create.
The automated teller machine consists of mainly two input devices and four output devices that are;
The correct answer for What is full form of ATM?
ATM – Automated Teller Machine
An Automated Teller Machine is a computerized machine, originally designed for transactions like withdrawal of money and to view bank statement, without need of human interaction. You need to have an ATM Card to do this.
But along with its basic use, today it does a lot more than that, like :-
Cash Withdrawal and Balance Enquiry
Prepaid Mobile Recharge
Bill Payments and more.
ATM – Asynchronous Transfer Mode
Asynchronous Transfer Mode is a high-speed networking standard designed to support both voice and data communications. It uses fixed-sized cells of 53 bytes in length, that includes 48 bytes of data and 5 bytes of header. Unlike TCP/IP, in which, packet takes different route from source to destination, ATM creates a fixed channel, or route, between two points.