Atm Card

Tax Glossary Definition

Atm Card

ATM (Automated Teller Machine) Card – A payment card issued by a bank or financial institution that enables customers to electronically access their bank accounts for services such as cash withdrawals, balance inquiries, fund transfers, and bill payments. It offers a secure and convenient alternative to traditional over-the-counter banking.

Example: A customer uses an ATM card to withdraw ₹5,000 or check their account balance without visiting the bank branch.

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