ATM Card Meaning

An ATM card is a payment card, issued to the customers on request by the bank, that facilitates a customer to access automated teller machine and withdraw money any time.

In today world we don’t have to carry a lot of money and through that way ATM and other Debit and Credit Card help to manage money and that help to make a payment,

There are charges on ATM card

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ATM Card Meaning

Example

 if my ATM Card SBI bank when we withdrawal from another BOI 3 or 5 Transaction in one month from another bank that they charge some amount

ATM cards are payment card size and style plastic cards with a magnetic stripe or a plastic smart card with a chip that contains a unique card number It helps to make payment card or dedicated payment card issued by a financial institution which enables a customer to access automated teller machines (ATMs)

On the other hand, a debit card is one that enables the cardholder to make an electronic transfer of funds from the account associated with the card, while making a purchase.
It’s helps to the people manage money when they want to spend money they can use money and also, ATM help to make an electronic transaction through and that, it is quite gruesome to carry a lot of money with us and also the fear of getting it robbed by the thieves, has forced people to keep a larger portion of their savings into the banks.

Banks across the country is proceeding towards e-banking, so as to provide better solutions to their customers and clients, by providing innovative products and services such as Internet banking, Mobile banking, ATM, Debit and Credit card.

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ATM withdrawal charges for SBI

Average Monthly Balance (Charges based on number of transactions)	Same branch ATMs	Other Bank ATMs (metro)	Other Bank ATMs (non-metro)
Rs.1000	5	3	5
>Rs.1000 and up to Rs.25,000	5	3	5
>Rs.25,000 up to Rs.50,000	Unlimited	3	5
>Rs.50,000 up to Rs.1,00,000	Unlimited	3	5
> Rs.1,00,000	Unlimited	Unlimited	Unlimited