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Monday, July 18, 2022

What is depicted by the 16 digits printed on the Debit Card?

 What is depicted by the 16 digits printed on the Debit Card?

Debit Card is also known as the ATM Card and it is used for the online shopping, online bill payments etc . Without going to the bank we can withdraw money from the ATM machine with the help of the debit card.

Let us understand with the help of an example: For a moment treat your Debit-cum-ATM card as a SIM card. If there is no sufficient balance in the SIM card then it will not be possible to make a call. Likewise is with our debit or the ATM card that is if there is no balance in the bank account, we cannot withdraw any amount via debit card. Due to the advancement of the technology, we have a benefit that now we do not need to visit the banks to withdraw cash, now we can have the cash in the hand through the ATM machines by using the debit card. Therefore, we can say that the meaning of the Debit Card is Online Banking Transaction by which you can make any kind of Online Payment.

Nowadays, the every bank account holder has a debit (ATM) card. In fact people use them comfortably but some do not have much knowledge about these cards. They even don’t know that the bank account details can be easily accessed by the digits given on their debit card? They only knows that some numbers are written on both the sides of the debit card. 

Do you know that these digits or numbers not only depict the details of your bank account but are also very important from the security point of view? It is very helpful in preventing the fraudulent activities that can occur at the time of shopping and online banking. Moreover, if due to some type of carelessness these details are leaked, then it might lead to the frauds.

What is the meaning of the 16 digits written on the Debit Card?

On the front face of the debit card, a 16 digits’ code is written.It is also known as the Permanent Account Number or PAN. First 6 digits are the Bank Identification Number and the rest 10 digits are the Unique Account Number of the card holder. Even the Global Hologram printed on the debit card is the type of the security hologram which is very difficult to copy. It is the three dimensional. The date and the year of the expiry is also written on the debit card so that the card holder can remember that after this date, debit card will not work.

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