An ATM card helps you carry out various transactions like withdrawing cash, checking account balance, and transferring funds. It is a small plastic card issued by your bank that you swipe on an Automated Teller Machine (ATM) to access your account. To secure these transactions, a Personal Identification Number (PIN) is a must-have. It is essential to know what an ATM card PIN is and how to get it.
What is an ATM PIN?
An ATM PIN is a four to six-digit numeric code used to authorize transactions conducted via an ATM. The PIN ensures the security and confidentiality of your account, reducing the risk of fraud or unauthorised access. The ATM machine encrypts these digits so that no one can read or capture them, and it matches them with the one stored in their system. PINs for both debit and credit cards are different, and it is important to keep them secure and confidential.
How to get a PIN/ Personal Identification Number?
When you open your bank account for the first time, the bank usually issues you an ATM card and assigns a PIN. However, if you do not get one, or you have misplaced or forgotten your PIN, you can generate a new one through the following methods:
- Online banking: Online banking is a popular and convenient way of resetting or getting a new PIN. You can log in to your bank's online portal using your login credentials and select the 'FORGOT PIN' option. You will then be asked to verify your identity through your registered mobile number or email address and answer some security questions. Upon confirmation, you can set a new PIN.
- ATMs: Many ATMs have the option to reset your PIN. Insert your ATM card and select the 'FORGOT PIN' option. The ATM will then prompt you to enter your mobile number or email address registered with the bank, and you will receive an OTP (One Time Password). After entering the OTP, you will then be able to set a new PIN.
- Branch visit: You can also visit your bank's branch and request a new PIN. You may need to carry a government-issued identity card, your account number, and your ATM card. The bank representative will ask you some basic security questions to confirm your identity, following which you will be issued a new PIN.
In conclusion, ATM card PIN is an essential security measure that protects your account's confidentiality and reduces the risk of fraud. The process of getting a new PIN is straightforward and can be done through online banking, ATMs, and a branch visit.
