BANKING AFFAIRS

Detailed explanation-1: -Don’t give your personal identification number (PIN) to anyone who asks, and don’t keep it written down anywhere in your purse or wallet. Don’t use your PIN at the gas pump. Instead, use your card in the credit purchase function to avoid someone seeing it.

Detailed explanation-2: -Because the PIN authorizes you (or whoever knows it) to access sensitive information, it’s essential to keep the number secret. Protect it, and never write it on your ATM or debit card-thieves know to look for four-digit codes written on the back of stolen cards.

Detailed explanation-3: -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. Customer should not disclose PIN to anybody, including to bank officials.

Detailed explanation-4: -Keep your PIN a secret. ATM transactions and PIN debit purchases require the use of a secret code known as a personal identification number or PIN. Memorize your PIN, and never write it on your card or store it with your card. Never let someone else enter your PIN for you.

Detailed explanation-5: -A credit card PIN is a 4-digit personal identification number, which is used to verify the identity of the credit card holder. It is mandatory to enter the PIN in order to complete a transaction. Since, it is only this PIN that proves the identity of the credit card holder, it is important to keep it confidential.