Banks and financial institutions offer numerous types of bank accounts depending on individuals’ requirements and financial goals. After choosing a suitable account that meets your requirements, you can open a bank account by applying online or offline at your convenience. The bank processes your application based on the documents produced and gives you access to your online savings account by sending credentials to your registered e-mail and important account details to your address.
However, to use your savings account, you must know and understand various bank account details for sending and receiving money, availing of various banking services, and managing your account. Let us discuss the crucial bank account details that you know after opening an account.
What are bank account details, and where to find them?
Every bank account comes with confidential details such as account access details such as account number, and name for identification. After signing up for the bank account, you must immediately go through all these details. Some common details include the following:
1. Account number
2. Account name
3. Customer ID (for online access and verification)
4. Mobile number
5. Debit card and chequebook details
6. IFSC code
In addition, you get confidential account details that must be kept discrete for your account security and convenient access.
You can find your bank account details through your registered mail ID or through the welcome kit delivered to your registered address. If you already know your account number and name, you can contact the bank’s customer support too for other details.
Important bank account details that you must always know
Different account details are required depending on the purpose of account use. Here we have classified the important bank account details based on account use.
For monetary transaction
For monetary transactions, whether online or offline, you need the following details.
- Account Number – The account number is the unique number ranging between 9 to 18 digits linked to your account. Every time you transact money online, you need to enter the receiver’s account number.
- Account Name – The name of the account holder is referred to as the account name. Like the account number, you must enter the account name. However, for digital transactions, the account name is usually for personal reference only.
- IFSC Code – It is a unique alphanumeric code assigned to every bank branch. When sending money, the bank identifies the branch in which the beneficiary holds his account.
The above details are used for money transfers through IMPS, RTGS, NEFT, and chequebooks. For UPI payments, you simply need the mobile number of the recipient or their UPI ID.
For online bank account access
Here are the details required for online bank account access. These are considered confidential and hence must not be disclosed to anyone.
- Customer ID or Username – When logging into your account, you need your customer ID or username. The bank sends your username to the registered e-mail address.
- Password – Along with your customer ID, you need to enter your password as a verification step for accessing your account. Once you receive your username, you need to set up your password when logging in for the first time.
For online shopping through debit card
Debit card details are also confidential and must be kept secure to avoid fraud. Here are the debit details for online shopping.
- Debit card number – It is a 16-digit number printed on your debit card and linked to your account. When paying at a merchant website, you need to enter your debit card number.
- CVV – It is a 3-digit number printed on the back of your debit card. It is a highly secured number required during transactions and must not be disclosed.
- Card Validity – The debit card expiry date is mentioned on the back of the card, and for every transaction, you need to enter this detail.
A bank account comes with several confidential and open details required during transactions, identification, or account access. Confidential details are for security purposes hence must be kept secure. IDFC FIRST Bank is the forerunner among new age, modern banks that use advanced safety features on your bank account. With several layers of security, such as PIN, Password, and OTP verification, you also get instant SMS alerts for every transaction.
Moreover, you can enjoy seamless banking with over 25 banking services completely free of charge, and the highest savings account interest rate in the industry. The bank also offers a convenient account opening process through online modes with a hassle-free VKYC process.