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    SBI PO Classes in Chandigarh

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    Ajinder Kaur
    Are you looking for the SBI PO Classes in Chandigarh. Join one of the leading institutes in India, The Leepe Tutorials. Leepe provides you best coaching for SBI PO exam.

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    SBI PO Classes in Chandigarh

    Uploaded by

    Ajinder Kaur
    48 views11 pages
    Are you looking for the SBI PO Classes in Chandigarh. Join one of the leading institutes in India, The Leepe Tutorials. Leepe provides you best coaching for SBI PO exam.

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    Are you looking for the SBI PO Classes in Chandigarh. Join one of the leading institutes in India, The Leepe Tutorials. Leepe provides you best coaching for SBI PO exam.

    Copyright:

    © All Rights Reserved
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    Flag for inappropriate content
    Download as ppt, pdf, or txt
    48 views11 pages

    SBI PO Classes in Chandigarh

    Uploaded by

    Ajinder Kaur
    Are you looking for the SBI PO Classes in Chandigarh. Join one of the leading institutes in India, The Leepe Tutorials. Leepe provides you best coaching for SBI PO exam.

    Copyright:

    © All Rights Reserved
    Download as PPT, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as ppt, pdf, or txt
    of 11

    SBI PO

    COACHING
    BANKING AWARENESS BY
    LEEPE TUTORIALS
    Study Material SCO-37, Top Floor, Sector-23/C Chandigarh Leepe Tutorials
    BANKING AWARENESS IS AN IMPORTANT PART OF
    THE SBI PO EXAM. TODAY WE WILL TALK ABOUT
    ATMs.
    BANKING AWARENESS-ATM
    Study Material SCO-37, Top Floor, Sector-23/C Chandigarh Leepe Tutorials
    AUTOMATED TELLER MACHINE-ATM
    An electronic banking outlet, which allows customers to
    complete basic transaction, withdrawal of money,
    depositing money and checking of ones own balances etc.
    Without the aid of a branch representative or teller.
    Electronic banking i.e., computerization of banking
    operations in India has picked up during the second half
    of 1990s. This has helped to introduce ATMs.
    Study Material SCO-37, Top Floor, Sector-23/C Chandigarh Leepe Tutorials
    TYPES OF ATMs
    There are two primary types of ATMs. The basic units allow the
    customer to only withdraw cash and receive a report of the
    accounts balance.
    The more complex machines will accept deposits,
    facilitate credit card payments and account information.
    To access the advanced features of the complex units,
    you will usually need to be a member of the bank that
    operates the machine.
    Study Material SCO-37, Top Floor, Sector-23/C Chandigarh Leepe Tutorials
    ATM cards
    ATM does most of the functions of cashier in the bank. ATM is
    operated by plastic card issued by the bank which is called
    as ATM Card, with its special features. This plastic ATM Card is
    replacing cheque, personal attendance of the customer,
    banking hours and bank holidays restriction and paper
    based verification.
    Study Material SCO-37, Top Floor, Sector-23/C Chandigarh Leepe Tutorials
    USAGE IN INDIA
    According to a 2006 survey by Banknet India, 95% people
    now prefer this modern channel to traditional mode of
    banking. Almost 60% people use an ATM at least once a
    week. Increased ATM usage is also helped by the fact that
    customers have now the flexibility of using ATMs of other
    banks, as most of the banks are part of major interbank
    networks like National Financial Switch (NFS), Mitr, BANCS,
    Cash tree and Cashnet.
    Number of ATMs installed in the country grew by almost 20%,
    from 17,642 last year, to more than 21,000 by march 2006.
    Wide acceptance of ATMs by consumers, introduction of
    biometric ATMs, and various value-added ATM services will
    maintain growth in the industry.
    Study Material SCO-37, Top Floor, Sector-23/C Chandigarh Leepe Tutorials
    ADVANTAGES OF ATM
    1. Round the Clock Services: ATM provides banking services
    to its customers round the clock, 24 hours a day, 7 day a
    week and 365 days a year.
    2. Access to bank from any part of the world: Essential
    banking services like deposits, withdrawals transfer of funds,
    etc. can be accessed by customers from any part of the
    world.
    3. Expansion of Services to any corner of the world: Of the
    Banks can expand their services to any corner of the world by
    providing electronics access to its customers.
    Study Material SCO-37, Top Floor, Sector-23/C Chandigarh Leepe Tutorials
    4. Reduction in cost of operation: This reduces human
    intervention and thereby reduces the cost of operations and
    increases profitability of banks.
    5. For Shopping Purpose: Now days almost every shopping
    mall, restaurant and other organizations are accepting credit
    card payments.
    Study Material SCO-37, Top Floor, Sector-23/C Chandigarh Leepe Tutorials
    DISADVANTAGES OF ATM:
    1. Cannot be provided in rural areas: In India, where banks
    have large number or rural and non- computerized branches,
    ATM services cannot be provided efficiently.
    2. Presence various constraints: Even if banks make some
    efforts to introduce ATM services country side, various
    constraints like illiteracy, security concern, etc. , may not
    permit that.
    3. Limitation of cash withdrawals : Again there is a limitation of
    cash withdrawals from ATM. For example, many banks do not
    permit withdrawal of more than 25,000 at a time.
    Study Material SCO-37, Top Floor, Sector-23/C Chandigarh Leepe Tutorials
    4. Cash deposit facility is not safe: Similarly cash deposit
    facility is restricted and not safe as dropping of envelope with
    can in ATM is not advisable.
    5. Possibility of misusing ATM card: ATM card, if misplaced,
    lost or stolen, may be misused. There are number of such
    reported incidences now days.
    6. Loss of personnel touch with the Banks: Last but not least,
    customers lose personal touch with their bankers.
    Study Material SCO-37, Top Floor, Sector-23/C Chandigarh Leepe Tutorials
    Study Material SCO-37, Top Floor, Sector-23/C Chandigarh Leepe Tutorials
    For Know more about banking
    Visit Us
    http://leepe.in/
    SCO -37, Top Floor
    Sector-23/C
    Chandigarh
    Call Us
    +918054071123
    0172-5012596
    Leepe
    Tutorials

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