Going to the bank branch to withdraw money is a thing of the past. Normally, people withdraw money from ATMs as it is more convenient and faster. This article will discuss how to withdraw cash from ATMs in detail.
ATM's full form is ‘Automated Teller Machine’ and it is an automated machine that doesn’t require any personnel. You can directly withdraw funds and perform other basic functions using your ATM Card and PIN.
If you are wondering how to withdraw money from ATM step by step, they are mentioned below -
STEP-1: Go to an ATM kiosk with your card. You don’t need to visit the ATM of your bank, all cards work at all ATMs.
STEP-2: Insert the card in the ATM slot in the correct way. Some ATMs keep your card in the slot while you continue the transaction, while some give it out after reading it.
STEP-3: Follow the instructions on the screen. Select your preferred language from the options provided.
STEP-4: Select the ‘Withdraw Cash’ option from the list of services provided and your account type.
STEP-5: Enter the amount you want to withdraw and select the ‘Confirm’ option.
STEP-6: Enter your 4-digit secure PIN when prompted, and select the ‘Confirm’ option.
STEP-7: Your transaction will be completed and you can collect the cash from the cash dispensing slot of the ATM.
If you have subscribed to the SMS services of your bank, you will receive a message on your phone. You can choose to print a transaction receipt, however, be mindful of paper wastage.
Now that you know how to take cash from ATM, you must be wondering if all ATMs work in the same way. The basic steps to withdraw money are more or less similar for all ATMs. However, ATMs are of various types and have different sizes and designs.
The following are the basic parts that are common for all ATMs -
You need to insert your card in the card reader slot. Notice which side the strip reader is on so you can get an idea of how to insert the card.
All ATMs have a keypad that has numbers and options to select, cancel, and delete. If your ATM has a touchscreen display, you might need the keypad to enter the PIN.
If your ATM doesn’t have a touchscreen display, the keypad can be used to select options on the screen. There may also be additional buttons beside the screen to help you select options.
The display screen is where you can see the options and services offered by the ATM. It acts as a guide to complete a transaction.
When you withdraw cash, the slot where the cash comes out of is known as the cash dispensing slot. It may be situated anywhere on the front of the machine and is closed with a small collapsible cover.
All ATMs allow you to print a receipt of the transaction that you carry out. If you agree to get a printed receipt, the receipt printer will print and dispense a receipt.
All ATMs have speakers that give audio instructions for the transaction being carried out. It is like an additional help in performing the transaction smoothly. These instructions help those who have trouble reading the ATM screen.
Nowadays many ATMs have an option to withdraw cash without using your card. Through this cardless method, you can scan a QR code and initiate a transaction. Once completed, the ATM dispenses the requested amount in cash.
Here are the steps you need to follow if you want to know how to withdraw money from an ATM without using your card -
STEP-1: Select and visit an ATM that offers a cardless cash withdrawal facility.
STEP-2: Select the ‘Withdraw Cash’ → ‘UPI’ option on the ATM screen.
STEP-3: You will see a QR code on the screen which you can scan using your preferred UPI app, like PhonePe, GooglePay, etc.
STEP-4: Enter the amount you want to withdraw and click on ‘Proceed’.
STEP-5: Enter the UPI PIN when prompted and the cash will be dispensed by the ATM.
All banks give Debit-cum-ATM cards when you open a bank account. You can use this card to withdraw money, make transactions, etc. directly without having to visit the bank branch.
An ATM makes life easier for both you and your bank’s officials. Here are some benefits of ATMs -
When you use ATMs, please note to not share your PIN with anyone you don’t trust and not write it anywhere. Also, note that no one overlooks you entering your PIN in an ATM.
The maximum daily limit can vary depending on your bank and your account. It ranges from Rs.10,000 and goes up to Rs.50,000 for prime customers.
When you approach an ATM, you will see a blinking light near the card reading slot. You need to position the card in such a way that the magnetic strip faces the card reader.
ATM stands for Automatic Teller Machine. It is a self-service banking outlet that can be used for performing simple bank services.
You cannot withdraw money from an ATM without your PIN. You can however reset your PIN by requesting a Green PIN from the ATM if you have your registered mobile number with you.
No, the ATM PIN is a secret 4-digit number that is set by you. It is not written anywhere on the card.
Yes, you can use an ATM card without a signature. However, some merchants may refuse to accept your Debit card if it is not signed.
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