ATM: ATM stands for “Automated Teller Machine.” It is an electronic banking device that allows customers to perform financial transactions without the need for a human teller. ATMs are available 24 hours a day and can be found in many locations, such as banks, shopping centres, airports, and convenience stores.

ATMs provide a range of services, including withdrawing cash, depositing cash or checks, checking account balances, transferring money between accounts, and paying bills. To use an ATM, customers need to have a bank card, such as a debit or credit card, and a personal identification number (PIN).

IFSC: IFSC stands for “Indian Financial System Code.” It is a unique code that is used to identify individual bank branches in India that participate in the online transfer of funds through the National Electronic Funds Transfer (NEFT), Real Time Gross Settlement (RTGS), and Immediate Payment Service (IMPS).

The IFSC code is an 11-digit alphanumeric code that consists of two parts: the first four characters represent the bank code, while the last seven characters represent the branch code. For example, the IFSC code for the State Bank of India branch in Connaught Place, New Delhi, is SBIN0000691, where “SBIN” is the bank code and “0000691” is the branch code.

The IFSC code is essential for making online money transfers in India. Without the correct IFSC code, the transfer may be delayed or rejected. The Reserve Bank of India (RBI) assigns IFSC codes to all participating banks in India.

In conclusion, ATM stands for Automated Teller Machine, which is an electronic banking device that provides a range of financial services to customers. IFSC stands for Indian Financial System Code, which is a unique code used to identify individual bank branches in India for online fund transfers