Agra: Most of us use ATMs only to withdraw cash, but did you know these machines offer a lot more? In today’s digital age, ATMs have evolved into mini-banks, providing a wide array of services that can save you time and trips to your bank branch.
Here are 11 fantastic ATM services you can use daily to handle your banking needs quickly and efficiently:
1. Withdraw Cash from Any Bank’s ATM
You’re not limited to your own bank’s ATMs anymore! You can withdraw cash from any bank’s ATM. Just be mindful of transaction limits, as most banks allow 3-5 free transactions per month, after which a fee may apply.
2. Check Account Balance & Get Mini Statements
Skip the bank queue! You can instantly check your account balance and get a mini statement showing your last 10 transactions directly from an ATM. This is especially useful for those who don’t use mobile banking.
3. Card-to-Card Fund Transfer
Some banks, like SBI, allow you to transfer money from your debit card to another debit card via their ATMs. You can transfer up to ₹40,000 per day with no extra charges. While this service is limited to certain banks, it’s incredibly convenient where available.
4. Cash Withdrawal from Credit Card
Need quick cash? You can use your credit card to withdraw cash from an ATM. However, be aware that this usually comes with high interest rates and service charges, so use it judiciously. Some ATMs also allow direct bill payments via VISA cards.
5. Pay Life Insurance Premiums
If you have an insurance policy from LIC, SBI Life, or HDFC Life, you can now pay your premiums directly through an ATM. This service is made easy due to tie-ups between banks and insurance companies.
6. Request a Chequebook
No need to visit the bank branch for a new chequebook. You can request a chequebook directly from the ATM, and it will be delivered to your registered address.
7. Utility Bill Payments
Pay your electricity, water, mobile, or telephone bills at the ATM. This service is available where banks have tie-ups with utility companies and can be a huge time-saver.
8. Activate Mobile Banking
If you haven’t activated mobile banking yet, you can do so securely at an ATM. Simply insert your card, select the “Mobile Banking” option, and follow the instructions.
9. Change ATM PIN
Regularly changing your ATM PIN is crucial for security. You can easily do this at any ATM, 24/7, without any charges.
10. Aadhaar Linking Facility
Many banks now offer the convenience of linking your Aadhaar to your bank account directly from the ATM. Look for the “Aadhaar Seeding” option after inserting your card.
11. PF Transfer Facility (Coming Soon)
EPFO is soon introducing a new feature that will allow you to withdraw funds from your PF account via ATM or UPI. This will involve a special EPFO ATM card, making PF transactions more transparent and accessible.
Bonus Tip: In some metro cities, ATMs also offer railway ticket booking and mobile recharge facilities, expanding their utility even further.
ATMs are no longer just cash dispensing machines; they are powerful tools that can help you manage many banking operations. Next time you visit an ATM, explore these services and make your banking experience more efficient!
