ATM ie Automatic Taylor Machine, which is used by bank customers to withdraw money. This is a machine where money can be withdrawn without the help of any bank employees, check the balance, a mini statement can be obtained. Apart from this, many other facilities are also available in ATMs. Available in the service of customers for 24 hours, this machine had helped people a lot during demonetisation in India. On the night of 8 November 2016, when Prime Minister Narendra Modi announced demonetisation, there was a long crowd of people outside every ATM in the city.
However, even though the need for ATMs has reduced in this era of digital payment, people still do such businesses in large numbers.
First of all, let us tell you that you must have a debit or ATM card to use ATM, which is issued by the bank. After putting this card inside the machine, the customer has to enter a 4 digit PIN code. Then this machine allows its customers to use any service. However, today we will not tell you in detail about using the ATM machine or other services to it, but will tell you about the first ATM in the world, whose story of the invention is quite interesting. It is also important to know this in terms of general knowledge. Many times such questions are asked in competitive examinations.
Actually, the world’s first ATM was launched in the Enfield region of London. About 58 years ago, on 27 June 1967, the first ATM was outside the branch of Barclays Bank. At that time, people could not believe the machine spewing notes. British actor Reg Varnya withdraws money from the world’s first ATM, whose inventor is considered John Shepherd-Bairon.
There is a very fun story behind the invention of the ATM. According to media sources, whenever John Shepherd-Bairon used to withdraw money in the bank, there was already a very long line of customers. His number used to come after standing hours. At the same time, due to the bank holiday on Saturday and Sunday, there was a problem in withdrawing money. In such a situation, while taking a bath in his mind, the idea came that if the chocolate can get out of the chocolate vending machine, then why not make such a machine that can showcase notes. What was it then, he worked on this idea and today customers take advantage of this facility in every country of the world. A lot of changes have been made in the last 5 decades.
At the same time, talking about India, the first ATM started here in 1987, when HSBC i.e. Hong Kong and Shanghai Bank Corporation in Mumbai installed ATM machines in Mumbai’s branch. According to RBI, 2,34,244 ATM machines have been installed by September 2020.
