Bank Account Number:
- A bank account number is a unique identification number given to every account holder in that particular bank.
- The size of the account number varies with each bank. The maximum size of bank account number is 18.
- It consists of bank and branch information in first 5-6 numbers and account holder information in remaining numbers.
- Account numbers are mainly used while deposits of money by using deposit form, withdraw by using withdraw form, online transfer of amount to distance account.
- Account number is printed on the check to give amount to some one as shown in picture.
Account types:
- The main types of accounts are current account and savings account.
- Current Accounts are basically meant for businessmen and are never used for the purpose of investment or savings.
- These deposits are the most liquid deposits and there are no limits for number of transactions or the amount of transactions in a day.
- Most of the current account are opened in the names of firm / company accounts.
- Cheque book facility is provided and the account holder can deposit all types of the cheques and drafts in their name or endorsed in their favour by third parties.
- No interest is paid by banks on these accounts. On the other hand, banks charges certain service charges, on such accounts.
- These deposits accounts are one of the most popular deposits for individual accounts.
- These accounts not only provide cheque facility but also have lot of flexibility for deposits and withdrawal of funds from the account. Most of the banks have rules for the maximum number of withdrawals in a period and the maximum amount of withdrawal, but hardly any bank enforces these.
Check Number:
- A check is form which is used to take the amount present in the account by account holder or others by writing their names on the top of the check.
- Check number is a 6 digit number printed on the bottom of the check.
- It is used by the bank management to recognise whether check is issued or not and also to maintain the record of the account holder transaction through number of checks.
- If the check is crossed at the left top corner then this symbol means that the check can only be deposited directly into a bank account and cannot be immediately cashed by a bank.
DD Number:
- A DD (Demand Draft) is used to exchange money through same bank or other bank by the account holder or other.
- A DD number is 6 digit number which is used to refer the DD issued by the bank.
Credit Card (CC) Numbers:
- A credit card is used to do transactions through ATM (Automated Teller Machine).
- It consists of a 16-20 digit number which contains the information of the particular account holder.
- It is used to with draw money through ATM, transfer fund through card to card using credit card number, balance enquiry and shopping in both swiping and online.
- It is protected with a 4 digit pin to protect the account from the thieves.
Debit card:
- A debit card (also known as a bank card or check card) is a plastic payment card that can be used instead of cash when making purchases.
- It is similar to a credit card, but unlike a credit card, the money comes directly from the user's bank account when performing a transaction.
International Bank Account Numbers (IBAN):
- The IBAN consists of up to 34 alphanumeric characters, as follows: country codeusing ISO 3166-1 alpha-2 - two letters, check digits - two digits, and.
- Basic Bank Account Number (BBAN) - up to 30 alphanumeric characters that are country-specific.
- A SWIFT code (or SWIFT BIC, as it’s sometimes known) is a code that helps overseas banks identify which bank to send money to.
- For example, if an overseas bank is sending to a payment to your Barclays UK account, they’ll need to know our SWIFT code: BARCGB22.
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