What is CVV number in Debit Card?

If you have a Savings Account, you also receive a Debit Card by default. You can use the card for cash withdrawals, online transactions and avail offers. Although every Debit Card functions the same, the details mentioned on the card are unique for every user and they are meant to be kept secret. One such thing embossed on the Debit Card is the CVV. You know how a Debit Card Number plays crucial in processing a transaction, similarly, a Debit Card with CVV is also critical. Let’s understand more about it. 

CVV full form is Card Verification Value. It is a three digit number embossed on the backside of the Debit Cards powered by Visa, MasterCard or RuPay. The CVV is visible just below the magnetic strip, which should not be shared with anyone. It is a unique and confidential number that is important for completing online transactions done via Debit Cards. 

Most users who are new to using a Debit Card may think that a CVV listed on the Debit Cards is the same as Debit Card ATM PIN as they both are short codes. However, this is not the case.

Here’s a table that shows the difference between both:

• The first part of the CVV is encrypted by a magnetic strip, which holds critical information about the card

• When the Debit Card is swiped on a card reader machine, the machine reads the information encrypted on the magnetic strip along with your Debit Card number and other details. 

• The second part of the CVV contains three digit codes. These codes should not be shared with anyone as they are significant for completing an online transaction.

• CVV is an additional security layer that helps to safeguard a customer’s confidential data.

• It also signifies that the customer possesses a physical Debit Card when doing online transaction

• It is extremely essential when you are purchasing anything online. 

CVV number on the Debit Cards is printed for safety purposes, hence it is also known as Card Security Number (CSN) as it helps to keep transactions protected. It helps to safeguard your card against theft, fraud, or unauthorised transactions. 

• Now that you know about CVV in a Debit Card, you can also inform your loved ones/peers about its significance. Moreover, it is meant to be kept confidential

• Even banks never ask to reveal CVV via phone calls, email or any communication

• Every Debit Card user must remember that any detail printed on the card is confidential and one should strictly avoid sharing it with anyone

Looking to apply for a Debit Card? AU Small Finance Bank provides a range of Debit Cards with extensive features and benefits. Apply now!

Sources:

https://www.idfcfirstbank.com/finfirst-blogs/credit-card/cvv#:~:text=It%20is%20the%20three%2Ddigit,number%20printed%20on%20the%20front.

https://www.paisabazaar.com/debit-card/what-is-cvv-number-in-debit-card/

https://paytm.com/blog/debit-card/what-is-cvv-in-a-debit-card/