Write a short note on: (a) ATM, (b) Debit Card

cbse
business-services

#1

(a)ATM : Automated teller machine is 24 hours operated automatic machine, which helps in depositing and with drawing money. It is done by inserting a plastic card (ATM Card) and entering Personal Identification Number (PIN).
(b) Debit Card : It is the plastic card issued to a Customer in lieu of his money deposited in bank ‘ using it, a customer can make immediate payment of purchased goods and services.