Why is there a 16 digit number on your Debit card or ATM card? Do you know its meaning?
Why Your Debit Card Have a 16-Digit Number: Many times while making online payments, you must have entered these 16 digits of your debit card. These 16 digits contain very important information about your card.
Debit Card 16-Digit Number: Payment can be made anywhere in the shop, mall, restaurant by just swiping the debit card.
In today's digital era, banking services are becoming very easy. There was a time when people had to stand in line for hours to withdraw money from the bank. But after the arrival of Debit Card, people have got a lot of convenience. Now they can go to any nearby ATM and withdraw money in minutes. If you have to do shopping, then now there is no need to carry cash. Payment can be made by just swiping the debit card at any shop, mall, restaurant.
We all take advantage of the benefits of debit card, but have you ever wondered what the 16-digit number that appears on this small card means? Let us tell you today...
Very important information is hidden in these 16 digits
Many times while making online payments, you must have entered these 16 numbers of your debit card. These 16 digits contain very important information about your card. These numbers are very useful for your verification, security and identity. When you make any payment with your debit card, with the help of these numbers, we get information about your bank account number and the company by which this card has been issued.
What is a debit card number?
The first 6 digits of the 16 digits seen on the debit card are the 'Bank Identification Number'. The next 10 digits are called the unique number of the card holder. That is why it is said that if the card is stolen or lost, it should be blocked immediately. Let us know what is the meaning of the 16 digits of the debit card.
Know the meaning of debit card number (Meaning Behind 16-Digit Number)
First digit of debit card
The first digit on the debit card number indicates which industry has issued this card. Therefore, the first digit is called Major Industry Identify. This digit is different for different industries.
Meaning of first 6 digits of the card
The first 6 digits of the card indicate which company has issued this card. This is called the Issuer Identification Number. For example, for Master Card this number is 5XXXXX and for Visa Card this number is 4XXXXX.
The seventh digit to the 15th digit is related to your bank account. But don't worry, it does not reveal your bank account number or any other sensitive information.
Meaning of last digit of debit card
The last digit of any card is called the checksum digit. This digit indicates whether your card is valid or not. Let us tell you that while making online payment, you are always asked for the three-digit CVV number written on the back of the debit card. This number is never saved in any payment system.
