A Comprehensive Guide to mPIN and How to Generate It

No fumbling for cash, no delays—just seamless, secure transactions. Behind this effortless process lies a tiny yet mighty security code: the Mobile Personal Identification Number (MPIN).

In a world where digital banking and payments dominate, MPIN is your personal key to unlocking financial services on the go. Whether you're checking your account balance, transferring money, or paying bills, this unique code ensures your transactions are safe, swift, and hassle-free. Think of it as your digital fingerprint in the banking ecosystem—a code that empowers you while keeping fraudsters at bay.

So, what exactly is MPIN, and how does it safeguard your money in the mobile-first world? Let’s dive in!

What is mPIN Full Form and Meaning?

mPIN stands for Mobile Personal Identification Number. It’s a unique 4 or 6-digit password or codYou’re out shopping, and as you approach the checkout counter, you confidently tap a few buttons on your phone to make a quick payment.e that provides an extra layer of security to payments made through UPI or mobile banking apps. Similar to an ATM card PIN, the mPIN acts as an authentication credential to verify your identity while performing financial transactions. 

mPIN is used primarily on platforms like UPI (Unified Payments Interface), mobile banking apps, and mobile wallets. By requiring users to enter their mPIN for every transaction, banks and service providers ensure an additional layer of security, reducing the risk of unauthorized access and fraud.

How to Generate MPIN

It is mandatory to generate the MPIN for using mobile banking services. Users can generate the MPIN easily using the following methods:

1. Through UPI Apps

UPI apps often use mPIN to provide banking services to users. They can also be used for new mPIN registration or modification. To generate an mPIN through a UPI app, follow these steps:

• Log into the UPI app using your ID and password.
• Navigate to the account management section.
• Locate and select the option to set the MPIN.
• Follow the step-by-step instructions to create a new MPIN.

2. Through Net Banking

Net banking can also be used to generate an MPIN. Here’s how:

• Open your bank’s online portal and log in using your ID and password.
• Go to the "Mobile Banking" section and select the "mPIN" option.
• Choose “Setup MPIN.”
• Authenticate your mobile number by entering the OTP sent to your registered number.
• Enter the 4 MPIN code of your choice and confirm it.
• You’ll receive an SMS confirmation on your registered mobile number to finalize the setup.

Note: Mobile banking services use two-step authentication: the mPIN as the first step, followed by an OTP sent to the your registered mobile number (RMN).

3. Through the Bank Branch

Users can visit their bank branch to generate a new mPIN. The process involves:

• Filling out a form provided by the bank.
• Submitting the form to a bank representative.
• Receiving the details of your new mPIN from the bank.

4. Through ATM

mPINs can also be generated using an ATM. Follow these steps:

• Insert your ATM card into the machine.
• Enter your ATM PIN and press "Confirm."
• From the menu, choose the "Forgot mPIN/Login Password" option.
• Authenticate your information using an OTP sent to your RMN.
• Set a new mPIN and confirm it.
• A confirmation message will be sent to your RMN once the MPIN is successfully generated.

5. Through USSD Code

For users without internet access, a USSD (Unstructured Supplementary Service Data) code is a convenient way to generate an MPIN. Here’s how:

• Dial *99# from your mobile phone.
• Select the “Generate mPIN” option by entering the corresponding number.
• Enter the last six digits of your debit card number, followed by the expiry date (MMYY), and send.
• Create a new MPIN and send it.
• You’ll receive a confirmation message with your new MPIN.

How to Reset Your mPIN

Forgot your mPIN? Don’t worry; resetting it is easy:

1. Open your mobile banking or UPI app.
2. Navigate to the “Forgot mPIN” or “Reset mPIN” option.
3. Enter your registered mobile number or account details.
4. Authenticate using your debit card or net banking credentials.

Set a new mPIN and confirm it using the OTP sent to your phone.

Why is MPIN Important?

1. Enhanced Security: Protects your account from unauthorized transactions by verifying your identity.
2. Ease of Use: Allows for quick, PIN-based authentication without needing complex login credentials.
3. Wide Application: Used for a variety of activities like balance inquiries, fund transfers, and bill payments.
4. Fraud Prevention: Minimises the risk of misuse even if someone has access to your device, as they’ll still need the MPIN.

Tips for Choosing a Strong MPIN

• Avoid Repeating Numbers: Avoid MPINs like “1111” or “0000.”
• Steer Clear of Personal Info: Do not use easily identifiable information, such as your date of birth or phone number.
• Change Periodically: Update your MPIN every few months to maintain security.
• Memorise It: Never write down your MPIN or share it with anyone.

What is the Difference Between mPIN and ATM PIN?

While mPIN is used for mobile banking or UPI payments, an ATM PIN is used for cash withdrawals in ATMs or making in-store transactions with Debit Card. Both add extra layer of security for your bank account.