What is depicted by 16 digits printed on Debit Card?
Debit Card is also known as ATM Card and it is used for online shopping, online bill payments etc . Without going bank we can withdraw money from ATM machine with the help of debit card.
Let us understand with the help of an example: For a moment treat your Debit-cum-ATM card as SIM card. If there is no suffcient balance in the SIM card then it will not be possible to make a call. Likewise is with our debit or ATM card that is if there is no balance in bank account, we cannot withdraw any amount via debit card. Due to advancement of technology, we have a benefit that now we need not to visit banks to withdraw cash, now we can have cash in hand through ATM machines by using debit card. Therefore, we can say that the meaning of Debit Card is Online Banking Transaction by which you can make any kind of Online Payment.
Nowadays, every bank account holder has a debit (ATM) card. In fact people use them conveniently but some do not have much knowledge about these cards. They even don’t know that 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 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 security point of view? It is very helpful in preventing fraudulent activities that can occur at the time of shopping and online banking. Moreover, if due to some type of negligence these details are leaked, then it might lead to the frauds.
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What is the meaning of 16 digits written on Debit Card?
On the front face of debit card, a 16 digits’ code is written. First 6 digits are Bank Identification Number and the rest 10 digits are Unique Account Number of the card holder. Even the Global Hologram printed on the debit card is a type of security hologram which is very difficult to copy. It is three dimensional. The date and year of 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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What is the meaning of first digit on Debit Card?
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First number shows that industry which has issued the card; it is known as Major Industry Identifier (MII). Like the Banks, Petroleum etc. It is different for different industries.
The industries that roll out MII code are:
1 – ISO and other industries
2 – Airlines
3 – Airlines and other industries
4 – Travels and entertainment (American Express or Food Club)
5 – Banking and Finance (VISA)
6 – Banking and Finance (Master Card)
7 – Banking and Merchandising
8 – Petroleum
9 – Telecommunications and other industries
10 – National Assignment
What is the meaning of first 6 digits?
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The first 6 digits of debit card tells about the company which has issued the card. It is known as Issuer Identification Number (IIN).
Company’s IIN
Master Card = 5XXXXX
VISA = 4XXXXX
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The next 9 numbers from 7th to 15th digit, leaving the last digit are:
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From 7th digit to 15th digit, leaving the last digit, are linked to your bank account number. We cannot call it your bank account number but this number is linked with the account. But there is nothing to be worried about, as these numbers does not reveal anything about you and your bank account. It has only been issued by the card provider and is kept unique.
Now, the meaning of last digit on the Debit Card is:
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The last number of debit card is known as Check Digit. From this digit, it can be inferred that whether the card is valid or not.
At the back of the Debit Card:
Source: www. http:fbs.usc.edu
At the time of Online Shopping, CVV number is required so that the transaction can be completed properly. CVV is the three – digit number, which is given at the back of the card, it is generally present near the signature strip and is highlighted in italics.
So we can say that these 16 digits or numbers on the debit card represents Bank Identification Number and Unique Account Number of the card holder.
Frequently asked questions on debit or ATM card:
Q1. What is a debit card?
Ans. Debit card is also known as ATM card, plastic card, check card or bank card that can be used instead of cash at the time of purchasing. It is the most convenient and secure method to say no to cash. With the help of debit card do online payments, balance enquiry and also can generate mini-statements from an ATM.
Q2. How can you get a debit card?
Ans. When you open a bank account in a certain bank you receive an opening kit of the bank which consists of debit card, passbook etc. In case you didn’t receive a debit card while opening a bank account then you can call customer care number of the bank or visit the branch to request for a debit card.
Q3. Who can apply for ATM-cum-Debit-card?
Ans. Any individual account holder having Savings Bank or Current Account, single, or joint account operated as Either or Survivor / Former or Survivor / Later or Survivor/ Anyone or Survivor / Pensioners, NRE account holders.
Q4. What is a particular identification Number (leg)?
Ans. leg is a four-number unique number of your disbenefit card through which you can pierce your cash and can make any sale through your ATM. Do flash back to keep your lag safe and nonpublic and also do not partaker it with anybody.
Q5. How important quantum you can withdraw by using disbenefit card or is there any sale limit?
Ans. On diurnal cash recessions there are limits and it depends upon the type of disbenefit card you hold. You can withdraw from Rs 15,000 to 2 lakh or indeed advanced, depending upon the type of card you are using. For decoration cards pullout limit of cash and point-of-deals limits are advanced.
Q6. Are any charges levied for using a disbenefit card for cash retirement?
Ans. basically , cash recessions from the same bank’s ATM are absolutely free. In fact some bank charges nominal charge in case more than five deals you made from you bank’s ATM.
Q7. When ATM-cum-Debit card is lost or lost whet immediate way are to be taken?
Ans. contact treat free help line number and inform about the loss of card and make request to BLOCK the card and stop the operations of the card on the network. Please note to take ticket number from the Contact Centre. In case guest are not suitable to communicate the Contact Centre for hot-listing there cards, they can approach any branch of the Bank. Inform directly the card issuing branch telephonically about the loss of card followed by written request to BLOCK the card.