BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Permanent Identity Number
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Portable Identification Number
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Permanent Identification Number
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Personal Identification Number
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Detailed explanation-1: -Personal Identification Number (PIN) is the numeric password which is separately mailed/handed over to the customer by the bank while issuing the card. Most banks require the customers to change the PIN on the first use.
Detailed explanation-2: -A numeric secret that a cardholder memorizes and uses as part of authenticating their identity. Source(s): FIPS 201-3 under Personal Identification Number (PIN) A secret that a claimant memorizes and uses to authenticate his or her identity. PINs are generally only decimal digits.
Detailed explanation-3: -The correct answer is Personal Identification Number.
Detailed explanation-4: -The Personal Identification Number or PIN is a unique four-digit code assigned to the card account number and known only to you. Your PIN is the access code to your account for all PIN point-of-sale purchases and ATM transactions. Memorize this number and do not share it with anyone. Also, do not write it on the card.
Detailed explanation-5: -A credit card PIN-also known as your personal identification number-is a four-digit code you can use to verify you are the person making a purchase with your chip and PIN credit card.