What Is The Full Form Of PIN In Banking?
PIN full form in banking is Personal Identification Number. Have you ever been to an ATM and found yourself staring at a screen asking for a PIN? And you’re like, What is this and why does the bank need it from me? It is actually a unique code assigned to you when you opened your account, and it’s the key to accessing your money. And that is why banks specifically emphasize not sharing the PIN of your debit card with anyone when assigning a debit card to you.
What Else Should You Know About PIN?
Every time you use your debit card, whether it’s to withdraw cash or make a purchase, the machine will ask you to enter your PIN. This is to verify that you are indeed the rightful owner of the account and to ensure the safety of your hard-earned cash. Now, what if you forget your PIN? Don’t worry, it happens to the best of us. All you have to do is visit your local bank branch or give them a call and they’ll help you get a new one. However, these days the banking system has become quite advanced, and because of that you can quite easily change your debit card PIN using internet banking, and your registered mobile number.