Banking has played a huge role in giving a new dimension to today's global economy. In the last 30 to 40 years, many new dimensions of transactions have come to the fore, moving ahead of the traditional system of transactions. At the same time, the digital revolution that has come in the last few years has taken it to a new height. Today most of us have ATM cards. With the help of ATM cards, not only can we withdraw money from any ATM, but we are also using it for digital transactions. At the same time, have you ever thought about this, after all, the 16 digits written on the ATM card? What does that mean? If not, then today we are going to tell you about it through this news. Let's know -
Which is the first digit written on your ATM card. He works to tell about which organization has issued your ATM card. It is also known as Major Industry Identifier.
The next five digits after the first digit. It is known as the Issuer Identification Number. For example, consider this as Master Card - 5XXXXX, 4XXXXX for Visa.
After this, the number is written from the 7th digit to the 15th digit. It is linked to the bank account. This is not a bank account number but a special number to link with your account.
Apart from this, the last digit is written on your ATM card. That is called the checksum digit. The last digit i.e. checksum digit serves to tell about the validity of your card.
(PC: iStock)
