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What is a CVV Number on a Credit Card?

Published

3 years ago

March 4, 2023

In many instances, the CVV number of a credit card is required while making a transaction online. Get the best credit cards for free with no hidden fees. You’ve probably filled in a CVV, or card verification value, hundreds of times, but have you ever stopped to consider what it is? Know more about “what is the meaning of cvv?” here.

What is CVV?

A card verification value (CVV) is a three or four digit number on your card that serves as an extra security measure when making purchases online or over the phone. So secure your card number and CVV as this feature also ensures that someone else can’t make a transaction using your card.

CVVs and their Goals

Although using chip-enabled cards has dramatically reduced the incidence of physical card fraud, thieves have turned their attention to online platforms. Internet-based identity theft has taken over the production of counterfeit cards. Banks and credit card companies utilise CVVs to lower the risk of fraudulent online purchases.

Most debit and best credit cards have a pair of CVVs printed on the back. The first is present on the card’s magnetic strip, while the second is shown on the back of the card for online purchases. You’ll need this to complete your transaction on the web.

Where is the CVV located on your card?

CVV is located inside or just above the signature strip on the back of the card. If you don’t know how to identify if it is a cvv number, just focus on the three-digit code present on the back of the card. It is the standard for Visa and Mastercard cards, but for American Express it is four digits and displayed on the front of the card, just over the company’s emblem.

Are CVVs and PINs the Same Thing?

A “personal identification number” (PIN) is a number chosen by the user. While most financial institutions accept only four-digit PINs, others provide extensive codes. PINs are used for cash withdrawals and purchases on cards. And these PINs are not the same as CVVs. A CVV is a unique number generated by the card issuer for each card.

Is the CVV number different on a replacement card?

The CVV number is a unique identifier and for security reasons it is different when you replace your new credit card apply with an old one. In case your card expires and you need a new one, the bank will issue it, and you’ll get a new CVV code.

How is CVV generated –

CVVs are not meaningless three or four digit codes. Instead, they are generated by the bank using the primary account number, expiration date in four-digit format and a pair of DES (Data Encryption Standard) keys and a three-digit service code. The specific algorithms employed have yet to be discovered and that’s for the best.

What Can You Do to Safeguard Your CVV?

Like any other sensitive financial information, you should keep your CVV secure to avoid being a victim of credit card fraud. If you want to keep your CVV safe from identity thieves, here are seven easy steps.

Install anti-virus software on your PC. This checks for malicious software, including viruses, keyloggers, and other forms of spyware.
Create a password for your home WiFi network. If you don’t, anyone in range can access your network, spy on your communications, and steal your data.
Keep your financial details to just any website. Websites lacking the prefix “https:” in their address should be avoided, as should any that lack a verifiable SSL lock icon in your browser.
When you’re away from home, use a virtual private network. While utilising a virtual private network (VPN) at home could be considered excessive, it is highly recommended when using a public network or a hotel’s WiFi.
Only show someone a photo of your credit card, even close. Your credit card information is vulnerable to fraud.

Credit Card Number Verification Value (CVV) and EMV Chip Cards

Using chip-based debit and credit cards has increased security for in-person transactions at both banks and retailers. Its innovation over the magnetic strip allows the card’s internal code to fluctuate with each scan. To no one’s surprise, this has dramatically helped cut down on fraud.

But what about CNP transactions (card-not-present) like those done over the phone or online? There is a CVV printed on your card since a physical chip would be useless. Even though stores aren’t supposed to save CVVs digitally, the most sophisticated thieves still find ways to get their hands on them.

This issue has a proposed solution known as dynamic CVV, allowing the printed code to vary at regular intervals. This would take place on a tiny screen powered by a lithium battery on the back of the card. This may be a sure thing, but while technology has its benefits, it has challenges. Difficulties arise when choosing the code-change frequency, and the cards would likely cost four to five times as much to manufacture as present models. Yet, the potential fraud cost savings may be sufficient to offset any future increases in manufacturing expenses.

India News

Union Budget 2026 highlights: Nirmala Sitharaman Raises Capex to Rs 12.2 Lakh Cr, West Bengal Gets Major Allocation

Finance Minister Nirmala Sitharaman is presenting the Union Budget 2026 in Parliament today. Follow this space for live updates, key announcements, and policy insights.

Published

6 days ago

February 1, 2026

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Finance Minister Nirmala Sitharaman arrives to present Union Budget 2026

Finance Minister Nirmala Sitharaman will shortly present the Union Budget 2026 in the Lok Sabha, marking her ninth consecutive Budget. The annual financial statement is expected to outline the government’s policy priorities, reform agenda and spending plans for the coming year. Stay tuned for live updates, key announcements and immediate reactions as the Budget speech unfolds.

Finance Minister Nirmala Sitharaman tabled her ninth Union Budget today, beginning her speech at 11 am.

Nirmala Sitharaman is set to present her ninth Union Budget today, with the finance minister scheduled to begin her speech at 11 am.

Budget 2026 live updates: Presenting the Union Budget for 2026–27, Finance Minister Nirmala Sitharaman said the occasion coincided with Magh Purnima and the birth anniversary of Guru Ravidas. She noted that over the past 12 years, India’s economic journey has been defined by stability, fiscal discipline, sustained growth and moderate inflation.

The budgeted fiscal deficit for fiscal 2026 is estimated at 4.4 per cent of gross domestic product (GDP)

Planned capital expenditure this fiscal year Rs 11.2 lakh crore

Rare earth corrdiors in Odisha and Kerala

Hi-tech tool rooms to be set up by PSUs

Construction equipment scheme to be launched

Container manufacturing scheme for Rs 10,000 crore over 5 years

Rs 10,000 crore SME Growth Fund

Semi-conductor mission to get Rs 40,000 crore

Rs 12.2 lakh crores for infrastructure development

Dedicated RITES to repurpose land of Central PSUs

20 new waterways over next 5 years to be connected

7 high-speed corridors on rail

High-level committee on banking for next phase of Viksit Bharat

Capital expenditure hike of to ₹12.2 lakh crore in Budget 2026, with West Bengal receiving a significant share of allocations.

Mahatma Gandhi Gram Swaraj Initiative aimed at boosting the khadi, handloom, and handicrafts sectors.

High-speed rail corridors: Mumbai-Pune, Pune-Bengaluru, Hyderabad-Bengaluru, Chennai-Bengaluru, Delhi-Varanasi, Varanasi-Siliguri, Pune-Hyderabad

Five university campuses to be established near industrial corridors

Lakpati Didi program expanded in Budget 2026 to reach more beneficiaries across India.

Fiscal deficit for FY26 revised to 4.4%; Budget Estimate for FY27 set at 4.3%.

TCS on overseas tour packages cut to 2% to ease travel costs

Tax holiday to foreign companies that provide cloud services by setting up data centres in India till 2047

17 cancer drugs exempted from import duties

India News

Union budget 2026 to be presented on Sunday with special trading session

The Union Budget 2026 will be presented on a Sunday for the first time in over two decades, with NSE and BSE announcing special trading sessions for the day.

Published

6 days ago

January 31, 2026

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For the first time in more than two decades, the Union Budget will be presented on a Sunday. Finance Minister Nirmala Sitharaman is scheduled to table the Union Budget for 2026 in the Lok Sabha on February 1 at 11 am, even as the day is usually observed as a holiday for government offices and financial markets.

February 1 falls on a Sunday this year, raising questions about market operations and investor response. To ensure uninterrupted trading and immediate market reaction to budget announcements, stock exchanges have announced special arrangements for the day.

Markets to remain open on budget day

Both the National Stock Exchange and the Bombay Stock Exchange have confirmed that markets will remain open on February 1. The NSE has announced a special trading session, with the pre-open market scheduled from 9 am to 9:08 am, followed by normal trading hours from 9:15 am to 3:30 pm.

The BSE has also declared the day a special trading day, with regular market hours applicable. Trading is expected to continue across equity, derivatives, and futures and options segments.

What the Sunday budget means for investors

A weekend budget presentation is seen as offering certain advantages for market participants. With trading active on the same day, investors will be able to respond to policy announcements immediately rather than waiting for the next working day.

The Sunday timing also gives investors, analysts, and financial institutions additional time to go through detailed proposals, including tax changes, fiscal deficit targets, and sector-wise allocations. The extended window for analysis may help reduce sharp, headline-driven reactions and encourage more informed decision-making.

With fewer competing developments on a non-working day, budget announcements are also expected to receive more focused attention from markets and stakeholders.

Parliamentary schedule and key milestones

The Economic Survey is expected to be tabled on January 29, ahead of the budget presentation. The Budget Session of Parliament began on January 28 with the President’s address to a joint sitting of the Lok Sabha and Rajya Sabha.

The upcoming budget will mark Nirmala Sitharaman’s ninth consecutive Union Budget. It will also be India’s 80th budget since Independence. Since 2017, Union Budgets have been presented at 11 am on February 1, following a timing change introduced during the tenure of former finance minister Arun Jaitley.

India News

Modi says right time to invest in Indian shipping sector; meets global CEOs

Published

3 months ago

October 29, 2025

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Prime Minister Narendra Modi on Wednesday exhorted global investors to take bets on the Indian shipping sector, pointing out that this is the “right time” for such a move.

The Prime Minister also met a select chief executives of global majors, including DP World and APM, at a specially convened meeting on the sidelines of the India Maritime Week 2025 held here.

“For all of you hailing from different countries, this is the right time to work in the Indian shipping sector and also expand (your presence),” Modi said during a public address before the closed-door meeting with CEOs.

Modi listed several targets being chased by India in the maritime sector over the next few years, and underlined the importance of the global community in the same.

“You all are an important partner who will help us achieve all our aims. We welcome your ideas, innovations and investments,” Modi said.

He said that India allows 100 per cent foreign direct investment in the shipping and ports sector, and also provides incentives under the “Make In India, and Make For The World” vision.

Addressing an audience, including leaders of various companies, the Prime Minister affirmed India’s commitment to strengthening the supply chain resilience at a global level.

He also said that India is engaged in creating world-class mega ports, and cited the work undertaken on the Vadhavan Port to the north of the financial capital, which entered the top-10 firms in the world on the first day.

The government is also looking to grow the capacity at 12 major ports by four times and increase India’s share in containerised cargo at the global level.

Later, Modi held a meeting with top CEOs of shipping sector companies from across the world.

As per people in the know, he met AP Moller-Maersk Chairman Robert Maersk Uggla, DP World Group Chairman Sultan Ahmed bin Sulayem, Mediterranean Shipping Company Chief Executive Soren Toft, Adani Ports and SEZ Managing Director Karan Adani and French company CMA-CGM’s Senior Vice President Ludovic Renou.

The participation from over 85 countries in the IMW sends a strong message, Modi said, noting the presence of CEOs of major shipping giants, startups, policymakers, and innovators at the event.

The Prime Minister also thanked Port of Singapore (PSA) for the nearly Rs 8,000 crore investment in the Jawaharlal Nehru Port Authority’s fourth terminal, pointing out that this is also the largest FDI in the port sector in India.

Modi said more than 150 new initiatives have been launched under the ‘Maritime India Vision’, resulting in nearly doubling the capacity of major ports, a substantial reduction in turnaround time, and a new momentum in cruise tourism.

—PTI