Automatic Teller Machine Transaction Approach on the Basis of New era

Abstract

The main aim of this article presents a new idea of OTP (one-time password) and giving brief details of the close by ATM machine and the amount of cash presently now available in the close by ATM machine if there is a shortage of cash in ATM we are presently using for transactions. Other than that, we also have a deposit slot in our research paper through which the user can transfer money to their account in very short time. The amount of cash being withdrawn from the ATM machine is limited. As all of you know that the limitation of Rs.25,000 is withdrawn at one time, which is being allow for one transaction only. Our research enables us to withdraw a handsome amount of cash within a time period of five minutes utilizing OTP which is counted as for one transaction and the customer can use this service for handsome amount of cash being withdrawn per day. There is a limit of transaction every day in different banks.