Many Commercial Banks have provided ATM facility to their customers

CBSE Class 11 CBSE Class 11 Business Studies
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1

Many Commercial Banks have provided ATM facility to their customers. Identify the values which are involved in this action and their effects. The values involved in this action are as follows:

  1. Concern for the convenience of bank customers.
  2. Upgrading banking services.
  3. Promotion of e-banking practice.
  4. Promoting the concept of any time money for the bank customers.
2

The effects involved in this action are as follows :
Positive effects:

  1. Safe.
  2. Time is saved.
  3. Balance enquiry, mini statement, transfer of money can be done easily.
  4. Can be used at any time.
    Negative effects:
  5. Fee charged.
  6. Problem in handling.