Usually we only know that ATM is used only for withdrawing cash. However, it is not like that. In today’s time, we can use ATMs to deposit cash, recharge mobiles, pay utility bills and even take loans. Many banks including SBI are offering many different facilities to the customers from their ATMs. Let us know about 5 such services, which you will get from ATM.
Cash deposit
Cash deposit facility is available in ATMs of many banks including SBI. You can deposit cash as well as withdraw money from here. For this, you have to put money in the ATM machine or deposit it by cheque.
Fund transfer
You can also transfer funds through ATM. Card to card transfer up to Rs 40,000 per day can be done from one SBI Debit Card to another SBI Debit Card at SBI ATMs.
Utility bill payment
You can pay utility bills like electricity bill, water bill by visiting an ATM. This facility is available in ATMs of many banks including SBI. Credit card bill can also be paid from ATM. For this you need to know your credit card number.
Mobile recharge
If you are in a place where there is internet problem, then you can do mobile recharge by visiting ATM. There are many other banks including SBI, which are providing this facility in their ATMs.
Loan facility as well
One can apply for loan from ATM. This facility is available in ICICI Bank and HDFC Bank ATMs.
