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Summary: The mPIN (Mobile Personal Identification Number) is a vital security feature for UPI Transactions and Mobile Banking, ensuring safe and authenticated transfers. This comprehensive guide explains what an mPIN is, its importance in securing digital transactions, and the steps to generate and reset your mPIN. Learn about the security benefits and how the mPIN helps protect your banking information from unauthorized access. Whether you're new to UPI or looking to enhance your digital security, understanding the mPIN is essential for safe and efficient banking.
An MPIN is a 4–6-digit password required for authentication on mobile banking apps. No payment can be made without entering the MPIN. The Reserve Bank of India (RBI) mandates a 2-way authentication process for mobile banking transactions, similar to using a debit card and PIN at an ATM. The MPIN serves as the first form of authentication for these transactions.
The full form of MPIN is Mobile Personal Identification Number. It is a 4 or 6-digit code required for authentication on mobile banking and payment apps. MPIN is essential for completing any transaction through these apps, as it provides a layer of security similar to a PIN used for ATM transactions. The Reserve Bank of India (RBI) mandates a two-way authentication process for mobile banking, and the MPIN serves as the first step in this process. Safeguarding your MPIN is crucial to ensure the security of your mobile banking activities.
It is mandatory to generate the MPIN for using mobile banking services. Users can generate the MPIN easily using the following methods:
UPI apps often use MPIN to provide banking services to users. UPI apps can also be used for new MPIN number registration, change etc. MPIN in UPI app can be generated in the following ways:
Net banking can even be used for generating the MPIN. To generate a new MPIN, the following steps must be incorporated:
An SMS in the registered number will pop up, which the user must confirm to set up the new MPIN.
Note that mobile banking service secures users by providing 2-step authentication. The first authentication is MPIN, followed by OTP received on the customer’s RMN (registered mobile number).
Users can connect with the bank branch to generate a new MPIN. For this, users must fill up a form provided by the bank branch. After submitting the form, a bank representative will provide details of the new MPIN.
Through ATMs, users can set MPIN as well. The method to set up MPIN using the ATM is as follows:
USSD (Unstructured Supplementary Service Data) code can be used to set the new MPIN. It is one of the prudent methods to set up the PIN for feature phones with no internet facility. USSD code uses a dialing pad for accessing the mobile service. The process can be initiated in the following ways:
The Metra Trust mobile and internet banking platform provides a unified experience across devices, allows swift transfer through IMPS, RTGS and NEFT, instant bill payments, and offers easy access to transactions and loan details.
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The contents of this article/infographic/picture/video are meant solely for information purposes. The contents are generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. The information is subject to updation, completion, revision, verification and amendment and the same may change materially. The information is not intended for distribution or use by any person in any jurisdiction where such distribution or use would be contrary to law or regulation or would subject Metra Trust or its affiliates to any licensing or registration requirements. Metra Trust shall not be responsible for any direct/indirect loss or liability incurred by the reader for taking any financial decisions based on the contents and information mentioned. Please consult your financial advisor before making any financial decision.