BANKING AFFAIRS

Detailed explanation-1: -PIN (Personal Identification Number) is a 4-digit code unique to each ATM card that ensures that the card user or account holder is carrying out the transactions.

Detailed explanation-2: -Authentication is provided by the customer entering a Personal Identification Number (PIN). Using an ATM, customers can access their bank accounts in order to make cash withdrawals and check their account balances.

Detailed explanation-3: -Definition. A personal identification number (PIN) is a relatively short (typically 4–8 digits) numeric string that is used as a password to authenticate a user to a device such as a smart card, an automated teller machine (ATM), or a mobile phone.

Detailed explanation-4: -A personal identification number (PIN) is a numerical code issued with a payment card that is required to be entered to complete various financial transactions.

Detailed explanation-5: -PIN stands for personal identification number. A bank or credit union gives you a PIN when you get a debit card. You can change your PIN to a number you will remember. When you use your debit card, you need to enter your PIN on a keypad.