MPIN and UPI PIN: Know the differences

Secure your transactions with MPIN in UPI. Discover the key distinctions between MPIN and UPI PIN and ensure safe banking practices.
MPIN and UPI PIN: Know the differences
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3 min
25 April 2024

In today's digital age, navigating secure online transactions requires knowledge of the right tools. Two crucial security codes for mobile banking and digital payments in India are: MPIN and UPI PIN. Understanding the difference between these codes prepares you to make informed choices and safeguard your financial transactions. This guide will unveil the functionalities of each PIN, equipping you for a secure and smooth digital payment experience.

Difference between UPI PIN and MPIN

Feature

UPI PIN

MPIN

Full form

Unified Payments Interface Personal Identification Number

Mobile Banking Personal Identification Number

Purpose

Authenticates UPI transactions

Authenticates mobile banking login and transactions

Scope

Specific to UPI transactions on various apps

Specific to the mobile banking app where it is created

Created by

User during UPI account setup or reset

User during mobile banking app setup or reset

Reset process

Can be reset through the UPI app itself

Needs to be reset through the mobile banking app

Length

Typically, 4 or 6 digits

Typically, 4 or 6 digits

 

Steps to generate an MPIN

To ensure secure access to your mobile banking app and conduct transactions, you will need to create an MPIN. Here is a quick guide:

  1. Download and launch the mobile banking app: Ensure you have downloaded the official mobile banking app of your choice from a trusted app store (Google Play Store or Apple App Store). Launch the app and proceed to the login screen.
  2. Set up your MPIN: If you have not already created an MPIN, you will be prompted to do so during the initial login process. Choose a 4 or 6-digit PIN that is easy to remember but difficult for others to guess. Avoid using birthdays or sequential numbers.
  3. Confirm your MPIN: Once you have chosen your MPIN, re-enter it for confirmation.
  4. Secure your MPIN: Remember, never share your MPIN with anyone, including bank representatives. It is your key to secure mobile banking access and transactions.

By understanding the difference between MPIN and UPI PIN and following these steps to create your MPIN, you will be well on your way to experiencing secure and convenient digital payments.

Bajaj Finserv BBPS is a leading bill payment platform that offers a hassle-free and secure way to pay bills online. With BBPS, you can make payments for various services such as electricity, water, gas, and education fees, among others, using multiple payment modes such as Bajaj Pay UPI, debit cards, credit cards, and net banking. BBPS is a government-backed platform that ensures a safe and secure payment experience.

Disclaimer

1. Bajaj Finance Limited (“BFL”) is a Non-Banking Finance Company (NBFC) and Prepaid Payment Instrument Issuer offering financial services viz., loans, deposits, Bajaj Pay Wallet, Bajaj Pay UPI, bill payments and third-party wealth management products. The details mentioned in the respective product/ service document shall prevail in case of any inconsistency with respect to the information referring to BFL products and services on this page.

2. All other information, such as, the images, facts, statistics etc. (“information”) that are in addition to the details mentioned in the BFL’s product/ service document and which are being displayed on this page only depicts the summary of the information sourced from the public domain. The said information is neither owned by BFL nor it is to the exclusive knowledge of BFL. There may be inadvertent inaccuracies or typographical errors or delays in updating the said information. Hence, users are advised to independently exercise diligence by verifying complete information, including by consulting experts, if any. Users shall be the sole owner of the decision taken, if any, about suitability of the same.

Frequently asked questions

How do I find my UPI PIN?

Unfortunately, you cannot directly find your UPI PIN. It is a confidential security code you create during UPI account setup within the specific app you're using. If you have forgotten your UPI PIN:

  • Open the UPI app (including your mobile banking app if it offers UPI functionality).
  • Look for a ‘FORGOT UPI PIN or "RESET UPI PIN" option.
  • Follow the app's instructions, which may involve entering your debit card details and the last received OTP (One Time Password).

Important Note: Your UPI PIN is independent of your mobile banking app (and its MPIN). You can have a UPI PIN set up in various UPI apps, each with its own unique PIN.

How do I link my MPIN to UPI?

There is no direct linking between MPIN and UPI PIN. Here is why:

  • Different purposes:
    • MPIN: Grants access to your mobile banking app for various financial activities.
    • UPI PIN: Authorises specific UPI transactions, regardless of the app you are using.

  • Independent creation:
    • MPIN: Set up during mobile banking app installation or through the app's settings.
    • UPI PIN: Created during UPI account setup within the specific app you are using.

In essence, they work together but independently for security:

  • MPIN secures your mobile banking app.
  • UPI PIN authorises specific UPI transactions, even within your mobile banking app if it offers UPI.

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