Time is very precious in today’s era. Everyone wants to do
things in very short span. The quotation “Stitch in time saves nine” means if
you finish something in time, you will be able to do ten things in the time you
saved. Keeping this in view, scientists and technologysts developed many new
things to save as much time as possible. In each and every sphere of life we
can find machines and gadgets that saves our time a lot. Wether it is business,
transport, education, communication, new technology did a lot. ATM is one of
the inventions of time saving gadgets. ATM is expanded as Automated Teller
Machine. Or sometimes we can also say it as Any Time Money machine which is
true in its sense. We can draw money at any instance of time with the help of
ATM, a day or mid-night, in emergencies, or when we shop we need not have to
carry cash, we simply apply the credit or debit card, same like ATM card.
Initially, we have to stand in long ques to draw money out of banks, sometimes,
the employees are absent, there is some holiday in bank or strike of workers
hence we have to sit back without money and our work remains pending for
several days. There was a boy named Salim, he went to factory every day for his
life earnings, early morning he used to went and came back in the evening. One
day, his owner wants rent. When he came back in evening he found a board at his
door, it was written on the board, that if he didn’t pay rent by morning, he
will be out from the room. He was very upset, he talked to the owner and takes
the deadline of next evening. He thought that he will take a leave from office
and will draw money from bank and give it to the owner. Next morning, he went
to the bank, and he find a long que, he was bit upset, but he have to give money
before deadline. He stand in the que in the last place, when he was near his
turn, he found that the strike break down in the area. Every shop and office
went close. The bank also closed due to strike. He was upset and he again came
back home without money. Again on TV he found that the strike will remain stir
for next 2 days. Hence, this is the best example of giving the importance of
ATM in our daily life. Our life was like miscommunicated without these gadgets.
Another thing is that, with these facilities, they also have
some disadvantages. Since it is computer operated machine, there are chances of
errors in that. Sometimes, it is heared that someone else’s money got
transferred in others. Suppose if we lose the code, then there is chance that
the person who will found it will misuse it. Also there is breakage of system
due to Mishandling, improper cleaning, etc. A lot of security is required to
restore ATMs. Hence all these are the advantages and disadvantages of ATM.