What is MPIN in UPI? Setup, Reset & Security Tips

1. Essential Security: The MPIN protects your digital wallet, ensuring safe UPI transactions. 

1. User-Friendly: It’s simple to use while maintaining transaction security. 

1. Key for Digital Transactions: The MPIN allows you to perform various digital activities, such as transferring funds or making online purchases. 

1. Efficient Financial Management: It streamlines money management, making transactions both secure and effortless. 

1. Safeguards Your Digital Assets: With your MPIN, your digital funds remain secure, letting you use UPI confidently.

Uses of MPIN

There are various modes of digital payment systems used in India. To secure every transaction from online scams various forms of PINs are used depending upon the platform. Here is a list of mobile transactions that require MPIN:

1. Mobile Banking Application: Payments through mobile banking apps like iMobile, HDFC Bank Mobile Banking, SBI YONO, etc.
2. IMPS/NEFT/RTGS: There are various online payment modes that involve the use of MPIN. Those are Immediate Payment Service (IMPS), National Electronic Fund Transfer (NEFT), and Real Time Gross Settlement (RTGS).

1. SMS Banking: Banking transactions through SMS requires MPIN.
2. IVR: Various banking tasks including fund transfers can be done through Interactive Voice Response (IVR) which requires MPIN for user authentication.

How to Generate MPIN?

Generating MPIN is mandatory to carry out mobile banking services securely. Here are various ways of generating MPIN:

Generating MPIN Using UPI Apps

MPIN is applicable for performing banking services through UPI apps. UPI apps also help users to generate MPIN. Here are the steps of doing so:

1. Enter ID and password to log in to your UPI application
2. Select the account management option

1. Find and select the option to set MPIN
2. Follow the instructions stepwise to generate a new MPIN

How to Set MPIN via Net Banking

Here are the steps to generate MPIN through Net Banking:

1. Enter ID and password to log in to your banking portal

1. Select ‘MPIN’ option under ‘Mobile Banking’ option from the menu
2. Click on ‘Setup MPIN’
3. Enter the OTP received on your registered mobile number to authenticate
4. Enter your preferred four or six (for some banks)
5. SMS link will be received on the registered mobile number

1. Confirm the SMS link to set the new MPIN.

How to Generate MPIN from Bank Branch

If online mode seems difficult, users can opt to choose a new MPIN by applying through the nearest bank branch. Here are the steps to do so:

1. Visit the nearest bank branch to fill up a form provided by the bank.
2. Submit the form in the branch

1. Receive details on generating MPIN from the bank representative. 

How to Create MPIN Using ATM Card

Here are the steps to generate new MPIN through ATMs:

1. Insert the ATM card
2. Enter ATM PIN and click on ‘Confirm’

1. Select ‘Forgot MPIN or Login Password’
2. Enter the OTP received on your registered mobile number
3. Set your preferred MPIN and confirm
4. Once the new MPIN is formed, users will receive a confirmation SMS on their registered mobile number.

USSD (Unstructured Supplementary Service Data) Code

Users without internet facilities can access this method to generate MPIN. Here are the steps to get a new MPIN through USSD code:

1. Dial *99#
2. Press the number written before ‘Generate MPIN’
3. Enter the last six-digit of respective bank card number(space)expiry date
4. Enter new MPIN and send to generate the new MPIN.

How to Change MPIN?

The steps required to change your MPIN are as follows: 

Step 1: Launch the mobile banking app on your phone. 

Step 2: Log in by entering your MPIN or login credentials. 

Step 3: Search the app for the 'More' option or go to the 'Settings' section. 

Step 4: Under the ‘Settings’ section, choose the option to modify your MPIN. 

Step 5: Enter both your existing MPIN and the new MPIN you want to set. 

Step 6: Verify the accuracy of the MPIN entry by confirming it. 

Step 7: You will receive an OTP on your registered mobile number. 

Step 8: Validate the updated MPIN by entering the OTP within the allotted time. 

You can also change the MPIN through a UPI app by following the steps listed above.

Difference Between ATM PIN, UPI PIN, and MPIN

MPIN, UPI PIN, and ATM PIN are used for securing specific banking transactions, yet they differ from each other distinctively. Here are the differences between ATM PIN, UPI PIN, and MPIN:

How MPIN Works in UPI Transactions

MPIN (Mobile Personal Identification Number) is a 4- or 6-digit passcode used to authenticate UPI transactions. When you initiate a money transfer through any UPI-enabled app, the system prompts you to enter the MPIN to validate the transaction. Once entered, it is matched with the bank’s backend records to verify your identity and authorize the payment. This adds a layer of security, ensuring only the account holder can perform UPI transactions.

MPIN Security Tips for Safe Transactions

To keep your MPIN secure, follow these safety tips:

1. Never share your MPIN with anyone, including bank officials.
2. Avoid using easy-to-guess combinations like birthdates or repeated numbers.
3. Change your MPIN regularly to reduce the risk of fraud.
4. Do not save your MPIN on your phone or apps.
5. Always use official and secure UPI apps for transactions.

Common MPIN Errors and How to Fix Them

Here are common MPIN-related errors and solutions: