MPIN (Mobile banking Personal Identification Number)
MPIN stands for mobile banking personal identification number. This pin is required to do IMPS (instant interbank electronic transfer done through mobile phones). IMPS allows its customers to use mobile instruments for accessing bank accounts and remitting funds there from in a secured manner with immediate confirmation features.
MPIN consists of a 4-digit code, this is used for authentication of all IMPS transactions while doing transactions on National Unified USSD Platform (NUUP)
Your mobile number shall be registered for mobile banking services to get MPIN.
Where can I get MPIN?
On registration for IMPS the bank issues its customers a seven digit code which is the MMID and a 4-digit password which is the MPIN for doing fund transfer through mobile phones. MPIN has to be produced for mobile banking.
Protect your MPIN
The customers are requested to protect their M-pin for safety purposes. Please ensure that the MPIN is not in a clear text any where in the network or system. For any reason the customer wants to change the M-PIN, he/she can either contact the bank or most of the bank will have the ‘change M-pin’ option in the mobile banking.
Can I Make my ATM pin and Mobile Banking Pin same number?
For security reasons, do not make your ATM PIN and M-PIN same number. This may lead to losing your whole balance amount.
What happens if I forget my M-PIN?
You can re-generate a new M-PIN number using generate M-PIN procedures. Every bank has their own procedures to generate their M-PIN. It can be done from the mobile app itself.