What is a debit card ?
A debit card, also known as a bank card, check card, or plastic card, is a payment card that can be used instead of cash to buy something.
The precondition is that the required amount of money is in the relevant bank account.
What is a debit card security code?
The security code is one of many numbers that can be found on your debit card. Your security code is a three or four-digit number and acts as an extra layer of security for your account. These numbers are randomly generated and are often required when shopping online.
This confirms that you are the cardholder and have the physical card in your possession, as hackers will not be able to obtain your account number or security code simply by hacking the merchant’s online accounts.
Where Is The Security Code On A Debit Card ?
The security code on a debit card is easy to find. If you can’t find the security code on your debit card, you need to know where it appears. Everyone loves debit cards for online payments, paying various bills, and more.
The debit card has a security code on the back, written in black. This is not a number that is given to anyone because it is different from a debit card number which contains a 3-4 digit number above the signature column. The security code is also called the card verification code or card verification value when swiping the card.
Always check your card’s security code if you regularly use your debit card for online payments. Each debit card user must understand the security policy specified by the card provider or financial institutions before applying for a debit card. The security card is one part of the security policy that must be protected by the user and cannot be revealed.
What Details Does Debit Card Carry?
let’s break down the components of a debit card to gain a deep understanding of its role and importance.
- Bank Branding – The name of the bank that issued your debit card. For example, SBI, HDFC Bank, RBL Bank.
- Electronic chip or smart chip – On the front of the debit card is a tiny gold-colored metal processor. The sole purpose of this chip is to provide a high level of security if you somehow lose your card. It adds a one-time code to every transaction. This chip leaves little room for even the smartest of the smartest thieves to break your card’s security shackles. Despite the security it offers, you may not find it on all debit cards. Therefore, it is highly recommended to make sure that this chip is on your card.
- Card number – under the smart chip is a 16-digit card number. Like your Aadhar card number, this number is also unique. It represents and identifies your debit card. This number further branches into two parts.
The first six digits are the issuer identification number or bank identification number. The meaning of these numbers is that they tell the name of the company that issued the card. For example, Rupay or Visa.
The following numbers represent your bank account details, such as the type of card issued, the name of the bank that issued the card, and other details of your specific bank account.
- Account opening date – the card number is followed by the opening date. This date represents the month in which the card was issued. However, you may not find him on every map, as he differs from company to company.
- Date of expiration – Next to the account opening date is the expiration date, which is given in two-digit month/year format. Because different products have an expiration date, your card also has an expiration month. The card expires on the last day of the month indicated on it. For example, 22.12. This means that your card will cease to function on December 31, 2022.
- Cardholder Name – Represents the name of the person for whom the debit card is issued. In other words, the owner of the card.
- Trademark/Logo – In the lower right corner of the card, you will find the trade mark. It represents the logo of the company that issued the card. For example, Visa, Mastercard, Rupay.
Now that you have learned in detail about the face of a debit card. It’s time to look inside out.
- Magnetic Stripe – The magnetic stripe is a black stripe located on the back of the card. It stores information that can be read with a card reader.
- Hologram – A hologram is a 3D security feature that looks like a bird. The most important role of the hologram is that its presence proves that the card is legal. Therefore, when applying for a release, make sure that your card has a hologram.
- Signature Area – Shows your signature. Although most often the card comes without a signature. Its absence does not affect the operation of the map in any way.
- Security Code – The security code is really the most important part of your card, besides the signature panel. It consists of three to four characters and is in italics. He is known by the following names:
- CSC – card security code
- CVC card confirmation code
- CCV – Checking the card code
- CVV-Verification Card Value
This enhances the security of your card during an online transaction. When you make a purchase online, you will be asked for your card number, expiration date, and CVC.
After you enter the data, the bank will send you a one-time access code (OTP). The site or app then processes this information and the amount entered for the purchase is automatically debited from your bank account.
Important note – You must keep your security code to yourself.
This is usually indicated on the back of the card. But there is an exception for debit cards issued by American Express; it has a four-digit code on the front.
You must have crossed paths with the saying “Precaution is better than cure”. You must be very careful when sharing your account or card details with anyone to prevent fraud.
- Bank contact information – At the bottom of the card, you will see the bank’s contact information. If your card is not working properly or you notice suspicious activity, you should contact the bank immediately using this information. Bank contacts are best kept at hand. Save it to your mobile phone and write it down in your diary.
- Network logo – An additional network logo may or may not be present in the lower right corner of the card.