MPIN: Full Form, Meaning, and How to Generate It

Digital banking in India has transformed the way people manage their finances. Every day, millions of transactions are completed securely using mobile banking applications. One important layer of protection behind this convenience is the MPIN or Mobile Banking Personal Identification Number. It acts as a digital key that verifies your identity before allowing access to mobile banking transactions.

The concept of MPIN was introduced to enhance security and reduce dependency on physical branches or ATMs. It enables seamless fund transfers, bill payments, and account access through mobile phones. For users of UPI, IMPS, or other banking apps, understanding MPIN is crucial for safe and efficient digital banking.

What is MPIN?

MPIN means Mobile Banking Personal Identification Number, which is a 4- or 6-digit password used to authenticate mobile banking transactions. It serves the same purpose as an ATM PIN, but is used specifically for online transactions through mobile banking apps or digital payment platforms. Whenever a transaction is initiated, the system requests your MPIN to verify that you are the authorised user of that account.

The system operates in accordance with encryption standards established by the Reserve Bank of India (RBI), ensuring that your MPIN remains secure and confidential. Banks never store your MPIN in plain text; it is encrypted and verified through secure servers. Since it’s user-generated, it can be updated at any time to enhance account security.

How to generate MPIN?

1. Net banking

   • Log in to your bank’s net banking website or app
   • Go to ‘Mobile Banking’ and click ‘Setup MPIN’
   • Enter the OTP sent to your registered mobile number
   • Create a 4 to 6-digit MPIN and confirm it
   • You will receive a confirmation message after setting up your MPIN

2. UPI apps

   • Open any UPI app on your phone
   • Log in using your registered mobile number and bank details
   • Select your bank account from the list
   • Tap on ‘Create/Reset UPI PIN’ or ‘Set mPIN’
   • Enter the OTP sent to your mobile
   • Follow the steps on the screen (varies from bank to bank)
   • Enter your new mPIN to confirm it

3. ATM

   • Insert your ATM card and enter your PIN to continue
   • Choose the option ‘Forgot mPIN / Login Password’
   • Enter the OTP sent to your registered mobile number
   • Create a new mPIN and confirm it
   • You will get an SMS once the new mPIN is set successfully

4. USSD code

   • Dial *99# from your registered phone number
   • Choose “Generate mPIN” from the menu
   • Enter the last 6 digits of your bank card and expiry date
   • Create a new mPIN, confirm it, and submit

5. Bank branch visit

   • Visit your bank branch and fill out the mPIN request form
   • Submit it to the bank staff
   • You will receive instructions to set your mPIN

How to change MPIN?

• Open your mobile banking app
• Log in using your current MPIN or account credentials
• Go to Settings or More in the app
• Select ‘Change/Modify MPIN’
• Enter your current MPIN and the new MPIN you want
• Confirm the new MPIN
• Enter the OTP sent to your registered mobile number
• Your MPIN will be updated once the OTP is verified

Note: You can also use your UPI app to change it by following the steps for setting MPIN.

Difference Between ATM PIN, UPI PIN, and MPIN

MPIN number example

An example of an MPIN is 1234, 12345, or 123456. You can use this 4 to 6-digit code to authenticate online payments and ensure a safer transaction experience.

Where is MPIN used?

• Mobile banking apps: MPIN is used to log in or authorise transactions in your bank’s app.
• Online payment: Transactions through the Immediate Payment Service (IMPS), National Electronic Fund Transfer (NEFT), and Real-Time Gross Settlement (RTGS) require an MPIN.
• Interactive Voice Response (IVR): Fund transfers through IVR require MPIN to verify your identity and authorise the transaction.

Knowing the MPIN full form – Mobile Banking Personal Identification Number, and its meaning, helps you use digital banking with confidence. You can generate your MPIN through a UPI app, net banking, an ATM, USSD, or at a bank branch, and change it whenever you need.

It is advisable to keep your MPIN confidential, avoid setting predictable numbers as your MPIN, and follow your bank’s reset options if you forget it. With MPIN, you can make online payments quickly and easily while keeping your mobile banking safe.

Frequently asked questions

1. What is MPIN number in banking?

   MPIN meaning – Mobile Banking Personal Identification Number – is a 4 to 6-digit code used to verify mobile banking transactions securely.

2. How does MPIN differ from an ATM PIN?

   An MPIN is used for mobile or online banking, while an ATM PIN is for physical cash withdrawals at ATMs.

3. How to generate MPIN?

   You can generate an MPIN through net banking, UPI apps, ATMs, USSD code, or by visiting a bank branch.

4. What happens if I forget my MPIN?

   You can reset your MPIN through the ‘Forgot MPIN’ option in your bank’s mobile app or UPI app.

5. Is MPIN safe to use?

   Yes, MPINs are encrypted and stored securely by banks, ensuring complete transaction safety.