Question
Download Solution PDFWhat does 'T' stand for in ATM?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDF- ATM - Automated Teller Machine.
- It is an e-banking outlet so that an individual can do basic transactions without involving any representative from the bank.
- A debit or credit or card issued by the bank is required to do the transactions.
- Shepherd - Barron is the inventor of ATM. He was British.
- It was opened on June 27, 1967 at a branch of Barclays bank in Enfield, North London.
- HSBC introduced the first ATM in India in 1987.
Last updated on Jul 7, 2025
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