What is the full form of PIN?
PIN: Personal Identification Number
PIN stands for Personal Identification Number. It is a numerical code that is issued along with payment cards to the users. It is used during electronic financial transactions and is required to complete a transaction. Its purpose is to provide additional security to the electronic or online transactions.
Debit card is the most common example in which a person uses the PIN while withdrawing money from their bank account through ATM. The use of PIN is not limited to financial transactions. It is also used for various other purposes such as home security, in mobile phones, laptops, and other such equipment and machines.
A person can select its pin by changing the pin provided by the bank. The PIN should be hard to guess or difficult. It should not be related to personal information such as birthday, house number, vehicle number, etc.
How PIN works:
When a person uses a system that requires a PIN, the person enters the PIN that is verified by comparing it with the PIN stored in the system database. After verification is done, the user can access the system. So, a PIN does not identify a person personally.
Advantages of PIN:
It is very important to keep your PIN secret as it authorizes you to access sensitive information. You can adopt the following methods to keep your PIN secret.