This is the most important PIN for those who have created a new debit card and every debit card holder needs to generate this PIN. (What is a debit card green PIN, know about this if you have a new card)
What is a debit card green PIN?
New Delhi: If you are opening a bank account or getting a new debit card, you may have heard of green PIN. But many still do not know what a green pin is. If this word is new to you now, you need to know it. Because without the information you will not be able to make any transactions on your debit card. This is the most important PIN for those who have created a new debit card and every debit card holder needs to generate this PIN. (What is a debit card green PIN, know about this if you have a new card)
What is a green pin?
Actually, there is no need to be confused with the name Green Pin. This is the PIN of your debit card, through which you transact. However, nowadays it is also called Green PIN and is asked to create a green PIN instead of generating a debit card PIN. But the question is why it is called a green PIN when it is a debit card PIN and what is the reason behind it?
Why is it called a green pin?
In the past, after you took a debit card, the debit card would come to your house first and then the PIN of the debit card would also come with the card. However, this process was discontinued. Now that the debit card has arrived, you generate your debit card PIN through a toll free number or through an OTP at an ATM. The whole system has stopped the process of getting a PIN at home. This saves time as well as paper. It is called Green PIN because of the saving of paper, as it does not use courier, paper, etc., and debit cardholders can create a card PIN within minutes.
Why is it necessary?
If you have taken a debit card and have not generated its PIN, you will not be able to make any transaction. Unless a PIN is generated, your card will be shown as invalid at the ATM, in which case the card must be used.
How to generate PIN?
You can create a green PIN of your debit card through the bank’s toll-free IVR system or you can also create one through an OTP by visiting an ATM.
Are Debit Cards and ATM Cards Different?
The main function of an ATM card is simply to withdraw money from an ATM card. In it you insert the card into the ATM card through the ATM PIN and withdraw the money. It is linked to your bank account. Not only can you withdraw money from it, but many things can be done with a debit card. It allows you to withdraw money, pay bills, transact online and offline, and transfer money from one bank to another. (What is a debit card green PIN, know about this if you have a new card)
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