But the question is- Are all customers aware of it about the facilities they can avail through ATMs? Most of them still use it for balance enquiry and cash withdrawal. Let's check out what else can be done with ATMs apart from that.
PAYMENT OF CREDIT CARD BILLS
You can easily make a payment for your credit card bills through the ATM, using your debit card. But this facility turns out to be helpful if both your credit and debit cards are of the same bank. The funds will immediately be transferred into your credit card account as soon as you type the amount to be transferred and you will get a receipt. But if you go for the same transaction over the counter, it will charge you a fee, for instance, ICICI Bank charges Rs.100 and HDFC Bank charges Rs.50, if you pay over the counter.
PAYMENT OF UTILITY BILLS
Paying utility bills will no more be a trouble. Electricity bills, insurance premiums, telephone bills all can be paid through ATM. Some banks have a tie up with BSNL/MTNL, and other agencies that give you some discounts of around 0.5 percent to 1 percent, if you make the payment through ATM. But these facilities are available only in selected cities, but is expected to be all over India soon. This not only saves time but saves money as well.