April 26, 2023

What is ATM Card & How to use an ATM Card First Time & Apply Online

Check Steps about How To Use ATM Card

ATM stands for "Automated Teller Machine" which permits you to perform certain banking functions easily. This includes withdrawing cash, checking balance, depositing cash, and many more. An ATM card is given to every account holder by the bank as it is a safe and quick option to perform bank transactions. But to avail of the benefits you should know how to use them. Here is a detailed guide that demonstrates the steps on how to use an ATM card.
With these steps, you can easily carry out different transactions without the need for help from anyone.

How to Use an ATM Card the First Time?

An ATM card consists of a 16-digit number, name of the account holder, expiry date and a 3-digit CVV or Credit Verification Value number for security purposes. Follow these simple steps given below to know how to use an ATM card seamlessly.
Step 1: Visit your nearest ATM of any bank to carry out a transaction. Even if you are not an account holder of the same you can complete a transaction from any bank ATM. However, as per RBI guidelines, there are certain restrictions related to the amount withdrawn, location and the number of transactions.
Step 2: Insert Your ATM cum Debit card in the card reader space through the side with a chip and bank logo on it. Before inserting always make sure that a light usually blinks near the card reader, signifying that it is ready to take a new card.
Step 3: As soon as you insert your ATM card the screen will display different steps or options to perform a transaction. Thereafter, select the language as per your convenience and enter the 4-digit secret PIN.
Step 4: However entering a wrong PIN more than 3 times may block your ATM card. In certain ATMs, there is an automated speaker to guide you throughout the entire process and to give audio feedback.
Step 5: Now choose your preferred transaction types like Balance Enquiry, Deposit Money, Money withdrawal, Change PIN, and many more. Accordingly, you can choose the suitable option and perform the transaction. For instance, to withdraw cash, opt for the "Money Withdrawal" option.
Please note the steps, or the options might vary from bank to bank.
Step 6: Now select the amount you want to withdraw and select the account type such as current or savings.
Step 7: Collect your money and withdrawal receipt as proof of your transaction. A withdrawal receipt consists of information like available account balances and many more. After the transaction, you will receive an SMS on your registered mobile number. You can also check your account information on the ATM screen by clicking on the "Balance Enquiry" option.
Step 8: Lastly, after completing the transaction, make sure to press the cancel/cross button. If you miss this crucial step, fraudsters may use this opportunity to transact money from your account.

What are the Benefits of Using an ATM Card?

ATM card eliminates the need for carrying physical cash while traveling at any place. Here are some of the notable benefits of using an ATM card.
  • ATM or Debit card permits you to withdraw cash and therefore works as an emergency option to get cash at any time. Also, you can conveniently shop anytime and at any place.
  • Using an ATM is convenient and simple. You do not have to wait for credit transactions to cover your expenses. You can easily check your balance or transfer money instantly.
  • One of the major advantages of an ATM card is it is easy to obtain. Any individual can open a bank account with a minimum deposit and the financial institution will offer you this card. Accordingly, you can avail of these benefits 24X7 in any part of the country.
  • You can also use your ATM card for any online transactions.

How to Apply for ATM Card Online?

Nowadays, you do not have to apply for an ATM card separately, all major banks issue it automatically when you open a savings or current account with that bank.
However, if you want to apply for a new ATM card online, you need to follow these simple steps:
  • Visit the official website of your bank and through its net banking portal provide the necessary log-in credential like username and password.
  • Thereafter, click on the card option depending on the requirement and apply for the card. It is important to note that this option may vary depending on the financial institution. In this regard, it is necessary to explore the official website of your preferred bank, before applying for it.
  • Within a few business days, you will receive the ATM cum debit card at your mentioned address.

How to Activate ATM Card?

To activate the ATM card you may select any of these methods, as given below depending on your needs and the resources available.

Bank’s Customer Care

To activate your ATM card, you can call on the toll-free number that is available on the official website of the bank. You will also get the toll-free number on the letter that comes with the ATM card. Thereafter you need to provide all necessary information like address, registered mobile number, account number, etc., to activate.

ATM Machine

You can visit the nearest bank ATM and insert the ATM card into the card reader space. Thereafter enter your temporary PIN and proceed as per the instruction.

Net Banking

It is another easy way to activate your ATM card. All you need to do is log in to the net banking portal of the bank with your login credential and select "Activate ATM Card". Upon selecting enter the security code given on the website the card and the bank will automatically activate the ATM.

Final Words

Through ATM you can carry out all necessary transactions with ease and safety. The only thing you need to know is how to use an ATM card for different transactions and to keep the card in good condition. Also, it is crucial to avoid disclosing any personal information to eliminate any risk related to monetary losses.

Never miss a trading opportunity with Margin Trading Facility

Enjoy 2X leverage on over 900+ stocks

Upstox Margin Trading Facility
Apple Logo
Downloadlogo
iOS App
Google Play Logo
Downloadlogo
Android App

RELATED ARTICLES

IDBI Bank Corporate Net banking: How to Apply & Activate

Founded in 1964, under the aegis of Government of India, IDBI's core purpose was to serve as a development finance institution to India's industrial sector. Over the years, the institution evolved into a full service public sector bank, after merging with its commercial division and later acquiring United Western Bank. Currently, IDBI Bank Limited is a subsidiary of Life Insurance Corporation of India (LIC) and is owned jointly by Life Insurance Corporation and the Ministry of Finance, Government of India. With an asset base of ₹300,713 crore( FY21) and pan-India network of 1890 branches, the bank offers a comprehensive bouquet of services, to both retail and corporate customers through multiple banking channels, online and offline. As an IDBI net banking corporate customer, you can access an exhaustive portfolio of services ranging from: - Checking your account balance and account statements, transaction tracking and history, cheque status, passbook and much more. - Making fund transfers via [NEFT](https://upstox.com/banking/what-is-neft-meaning-timings-full-form-charges-and-how-to-transfer-money/), [RTGS](https://upstox.com/banking/what-is-rtgs-meaning-full-form-timings-charges-and-transfer-limit/) and third-party funds. - You can also access your [ demat account](https://upstox.com/open-demat-account/) information anytime, anywhere. - Receive and disburse payments from and to your ecosystem participants such as vendors, employees etc.

What is Debit Card - Meaning, Types, Advantages, Uses, & Features

Debit cards have revolutionised the way we handle our finances, offering unparalleled convenience and security. Imagine a world without them, difficult right? In India, where digital transactions are gaining prominence, debit cards have become an indispensable tool for everyday transactions. In this article, we will delve into the benefits of using debit cards, explore the different types available, and highlight some of the best debit cards offered by leading banks in India towards the end. We recommend you read the complete article before heading to the top debit cards section.

Bank of Baroda Mobile Banking and How to Activate: Login and Registration

Bank of Baroda has launched a mobile banking service that allows customers to access banking services such as balance inquiry, fund transfer, cheque-related services, bill payment, and more from their mobile phones. The service is available 24/7 and is compatible with any type of mobile phone. Customers must register first before they can use the service. The Bank of Baroda's mobile banking service provides customers with a secure, convenient, and easy-to-use service that gives them the freedom to manage their accounts anytime and anywhere. It has helped customers to save time and effort in managing their banking transactions, making banking easier, faster, and more secure.

5 Smart Financial Tips for Young Adults

Summary: Your 20s and 30s are a crucial time to start building a strong financial future. By making smart money decisions now, you can set yourself up for success later in life. In this blog post, we'll share five essential financial tips for young adults, including budgeting, saving, investing, and retirement. Money management secures your future, whether that's covering an unexpected bill or saving for a significant purchase. It involves budgeting, saving, and investing – essential skills for a stable financial future that are frequently overlooked in education. This blog will guide you through five practical financial tips that are simple to understand and apply. So, let's get started. Top 5 personal financetips for young adults Handling your money well is key—it's what keeps you secure when life throws surprises and helps you grow your savings for the future. It's about saving where you can, investing with a plan, and not spending more than what comes in. Nailing these basics can turn things around for you. So here they are, the top five financial tips for young adults: - Create a budget and track your expenses Budgeting is about tracking your income and expenses to make sure you spend less than you earn. It's creating a plan for your money, so you're in control of where it goes. Let's say you bring home INR 30,000 a month. You might allocate INR 10,000 for rent, INR 7,000 for food, and INR 3,000 for travel. Out of what’s left, you could put INR 5,000 into savings for emergencies or future goals, and the remaining INR 5,000 could cover your mobile plan, internet, or a weekend outing. This way, you've got your expenses covered, your savings on the rise, and still keep some money aside for leisure and unexpected needs. It's about making intentional choices so that you can balance today's needs with tomorrow's plans. - Start saving today Saving helps you build an [emergency fund](https://upstox.com/market-talk/emergency-fund-101-how-to-start-and-why-its-crucial-for-your-finances/), a cushion of money for unexpected expenses or emergencies. It also enables you to reach your short-term and long-term goals, like buying a car, going on holiday, or starting a business. A good rule of thumb is the 50/30/20 strategy. After you've covered your necessary expenses, 50% of your income, allocate 20% directly to your savings. For a monthly income of INR 30,000, that's INR 6,000 going into your savings each month. You can channel these funds into [mutual funds](https://upstox.com/learning-center/mutual-funds/the-basics-of-mutual-funds/), which often yield higher returns over time compared to a regular savings account. The remaining 30% of your income can then be used for discretionary expenses. By sticking to this rule, you automatically prioritise your financial future every month, steadily building a fund that can support big life events or tide you over during tough times. - Invest your money wisely Investing allows your money to actively work for you by acquiring assets that may generate income or appreciate over time. It's a handy way to grow your funds, beat inflation, and hit major milestones like buying a house, funding your studies, or setting up a cosy retirement. Take mutual funds, for instance. You can start small with SIPs from INR 500 and gradually build a mixed bag of investments. If you're not big on taking risks, a balanced mutual fund could be your thing, offering a steady blend of stocks and bonds. Make sure your investment picks match how much risk you're okay with, how long you plan to invest, and what you're hoping to achieve financially. - Plan your retirement ahead Retirement may feel like a dot on the horizon, but the earlier you begin, the better off you'll be. Consistently contributing a manageable amount, say INR 2,000, to a retirement plan like the [NPS](https://upstox.com/saving-schemes/nps-national-pension-scheme-india/), each month can amass a substantial sum over the years. This is where compounding comes into play – the interest you earn starts earning interest of its own, and over time, this growth accelerates. So, by starting in your 20s, you give your savings the longest possible time to expand, ensuring you a more comfortable and financially secure retirement. - Understand taxes Familiarising yourself with tax-saving opportunities, like investing in the [public provident fund (PPF)](https://upstox.com/saving-schemes/public-provident-fund-ppf-interest-rate/) and [equity-linked savings schemes](https://upstox.com/learning-center/mutual-funds/what-is-elss-and-how-to-invest-in-elss/) (ELSS) under Section 80C, can make a big difference to your finances. For those in a higher tax bracket, directing up to INR 1.5 lakh into a PPF can significantly cut your taxable income. This astute handling of taxes ensures you're not just meeting legalities but also retaining more income for your aspirations. Your best investment is in your financial education. Stay informed about financial products and market trends. This doesn't mean you need to become an expert overnight but understanding the basics of investments, insurance, and savings will help you make smarter decisions. Wrapping up: Key points to remember - Begin with small investments and increase over time, balancing risk with a mix of assets for long-term growth. - Small, regular contributions to a retirement fund can grow significantly, thanks to compounding interest. - Investing in options like PPF and ELSS can reduce taxable income and maximise savings. Note: To help plan your trading activities and investment strategies, find here the [NSE Holidays 2023](https://upstox.com/stocks-market/nse-holidays-2023/), [BSE Holidays 2023](https://upstox.com/stocks-market/bse-holidays-2023/), [MCX Holidays 2023](https://upstox.com/stocks-market/mcx-holidays-2023/), and [Muhurat Trading 2023](https://upstox.com/stocks-market/muhurat-trading-2023/). Also see here to know more about the [stock market timings](https://upstox.com/stocks-market/nse-bse-share-market-timing-in-india/).