Are systems and security in place?
The automated/automatic teller machine (ATM) – or ‘any time money’, if you may – is set to stay in India and take deep roots going by the Government of India’s commitment to e-banking and the efforts of environmentalists to make ‘paperless banking’ popular and accessible. With the widespread advent of private banks and the recent thrust in the area of rural banking, establishing an ATM is considered cheaper than opening a ‘branch’. While our own relationship with the ATM—in our capacity as consumer—seems to be fairly basic, direct and non-complicated, it may be an eye-opener to get acquainted with the full range of services offered by this ubiquitous machine. Knowing what to expect and how to be on the safe side will go a long way in making the interaction hassle-free.