What is MPIN? Full Form, Meaning & How to Use It

With UPI and mobile banking becoming the new norm, it’s important to keep your transactions safe. That’s where mPIN helps. So, what is mPIN? It’s a Mobile Personal Identification Number. A 4 or 6-digit code that lets you authorise payments securely. mPIN means you don’t need to enter your full bank details every time you send money.  You can easily generate it through your UPI or mobile banking app in just a few steps. 

Read on to understand what is mPIN number and why mPIN is a must-have for secure digital transactions.

MPIN Full Form & Meaning

mPIN full form is Mobile Personal Identification Number, which is a 4 or 6-digit code. It helps to verify your identity during mobile banking activities. Before making a payment or banking transaction, enter this code to make sure only you can complete it.
An mPIN makes banking easier by removing the need to remember account details or IFSC codes. It helps verify transactions quickly and keeps them safe from fraud.

What are the Key Uses of mPIN?

The mPIN is important for online payments and banking services, adding extra protection on different platforms. If you’re wondering what is mPIN in bank used for, here are the main ways to use it:

• Mobile Banking Apps: To make payments using apps like iMobile, SBI YONO and HDFC Bank Mobile Banking, you must enter your mPIN for security.
• IMPS/NEFT/RTGS Transactions: Online payment methods like IMPS, NEFT and RTGS use an mPIN to confirm customer identity.
• Interactive Voice Response (IVR): mPIN is essential for checking user identities when transferring funds and doing other IVR banking tasks.

How to Set a New MPIN?

Here you know how to get the mPIN number in a few simple steps:

1. Using Net Banking

• Log in to your bank’s online banking site or app using your credentials
• Go to the mobile banking and select ‘Setup mPIN’
• Check your registered mobile number by entering the OTP
• Choose a 4 or 6-digit mPIN and confirm it
• After selecting the mPIN, you will receive a confirmation text message

2. Using UPI Apps 

• Open your chosen UPI app
• Sign in with your bank details
• Go to the ‘Settings’ or ‘My profile’ option
• Choose the ‘Set mPIN’ choice
• Follow the steps on the screen (Vary from bank to bank)
• Enter your new mPIN to confirm it

3. Using an ATM Card 

• Insert your ATM card into the machine
• Enter your card PIN and select ‘Forgot mPIN’ from the menu
• Verify your identity with an OTP sent to your registered mobile number
• Type in your new mPIN and then confirm it

4. Using USSD Code

• Dial *99# on your cell phone
• Select the ‘Generate mPIN’ choice
• Provide the last 6 digits of your bank card with the expiration date
• Enter your preferred mPIN and confirm it

5. At a Bank Branch 

• Go to your bank and fill out the form to request an mPIN 
• A bank employee will help you set it up

How to Change Your mPIN?

Changing your mPIN at intervals is important for keeping your online purchases safe. Here’s how you can do it:

• Log in to your mobile banking app or UPI app using your current mPIN
• Go to ‘Settings’ or ‘More’ and select ‘Change mPIN’
• Enter your old mPIN and set a new one
• Confirm using the OTP sent to your registered mobile number

That’s it, just a few taps and your mPIN is updated.

Conclusion

mPIN has changed the mobile banking scenario by making it safe and easy to handle online purchases. You can easily protect your banking activities by knowing how to use the mPIN and following the steps to create or change your mPIN.

FAQs on mPIN Number

How frequently should I change my mPIN?

Changing your mPIN every 3 to 6 months is a good idea for better protection.

I forgot my mPIN. Can I restore my old mPIN?

No, you cannot recover an old mPIN. You can reset it using the ways listed above.

Can I get an OTP for mPIN generation on any mobile number?

No, the OTP for mPIN creation is only sent to the mobile number linked to your bank account.