Opening a bank account has become a necessity in today’s world. With the rise of online transactions and digital payments, having a bank account has become a vital requirement for individuals and businesses alike. When you open a bank account, you are provided with a unique identification number known as a bank account number. In this article, we will explore the 17 digit bank account number and why it is so important.
What is a 17 Digit Bank Account Number?
A 17 digit bank account number is a unique identification number given to every individual or business that opens an account with a bank. The number is made up of 17 digits, with each digit having a specific meaning. The first six digits of the number represent the bank identification code (BIC) or the bank code. The next two digits represent the country code, while the next two digits represent the location code. The final eight digits represent the account number.
Why is a 17 Digit Bank Account Number Important?
A 17 digit bank account number is important for several reasons. Firstly, it is used to identify your account when you make transactions. When you transfer money to someone else’s account, you will need to provide your bank account number. Similarly, when someone transfers money to your account, they will need your bank account number. Secondly, the bank account number is used to track your account activity. All your transactions are recorded against your account number, making it easy for you to track your financial activity. Finally, the bank account number is used to identify your account when you access it online or through mobile banking.
How to Find Your 17 Digit Bank Account Number?
Finding your 17 digit bank account number is easy. You can find it on your bank statement or passbook. You can also find it by logging in to your online banking account or mobile banking app. If you are still unable to find it, you can contact your bank’s customer care service for assistance.
How to Keep Your 17 Digit Bank Account Number Safe?
Keeping your 17 digit bank account number safe is crucial to prevent fraud and unauthorized transactions. Here are some tips to keep your bank account number safe:
- Do not share your bank account number with anyone.
- Do not write your bank account number on any piece of paper that can be easily accessed by others.
- Do not share your bank account number over the phone or email.
- Use secure online banking platforms to access your account.
- Change your online banking passwords regularly.
Conclusion
Opening a bank account is an essential requirement in today’s world, and having a 17 digit bank account number is crucial. It is used to identify your account when you make transactions, track your account activity, and access your account online or through mobile banking. Keeping your bank account number safe is essential to prevent fraud and unauthorized transactions. By following the tips mentioned in this article, you can keep your bank account number safe and secure.