Using digital balance check or showing up balance on ATMs without using printed receipts can indeed save paper and have positive environmental impacts. ATMs that provide balance information digitally (on screen or via SMS/email) reduce the need for paper receipts. This leads to less paper wastage.

How it saves paper and becomes economical?
Banks and financial institutions save money by not having to purchase as much paper, printer ink, and maintenance for receipt printers. These savings can be passed on to customers through lower banking fees or improved services. Minimizing paper waste helps reduce the costs associated with managing trash, recycling, or paper disposal. The production of paper uses a significant amount of energy. By reducing demand for paper, energy consumption in manufacturing and transport can also decrease.

Positive Environmental Impacts:
By reducing the demand for paper, the need for trees for paper production is reduced, which can help decrease deforestation and preserve natural ecosystems. Producing less paper reduces the carbon emissions associated with its manufacture, transportation, and disposal, thereby lowering the overall carbon footprint. Less paper being used means less waste in landfills, leading to reduced environmental degradation and pollution. Paper production requires vast amounts of water. Reducing paper use helps conserve this valuable resource.

Other Common Practices to Save the Environment:
1. E-Statements and E-Bills
2. Digital Invoices and Receipts
3. Online Banking and Mobile Transactions
4. Reusable Cups and Water Bottles
5. Cloud Storage Over Physical Storage
6. Digital Ticketing Systems

These practices contribute significantly to environmental conservation while also being more convenient and often cost-effective.

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