Find out more about the UPI PIN and how to set or change one.

2023-01-10 02:06:53 - Grace Browns Grace Browns has been a lifestyle, fashion, and beauty writer for over 5 years, and she currently serves as a senior editor at

UPI, or the Unified Payments Interface, is a real-time payment system that enables instantaneous transfers of funds between bank accounts. When compared to IMPS and NEFT, UPI is a viable alternate payment option. Obtaining a UPI ID and UPI PIN is necessary for making a safe UPI money transfer. While setting up a UPI account, users will select a unique identifier (UPI ID) that will serve as their "virtual payment address." As opposed to this, a UPI PIN is a password that the user chooses in order to approve a payment from a specific bank account.

Let's dig into what a UPI PIN is and how it works.

In what ways is the UPI PIN useful?

The Unified Payments Interface Personal Identification Number, or UPI PIN, is a 4- or 6-digit number that users select for themselves during the UPI registration process on a UPI application or at a later time. Sharing a UPI PIN increases the risk of fraud because it increases the number of people who have access to the user's transaction confirmations.

UPI PIN Configuration Instructions

Installing the Paytm mobile payment app on your phone is the first step in configuring your UPI PIN. Once you've downloaded and installed the software, you'll be able to start setting up your UPI profile and PIN as follows:

  • To use the Paytm UPI payment system, launch the app on your mobile device.

  • In the upper left corner of the Paytm app, you'll see an icon labeled "Profile."

  • Once the drop-down menu appears, select "Payment Settings" from the menu's left sidebar.

  • Then, access the list of your linked bank accounts by selecting the 'UPI & Linked Bank Accounts' tab.

  • When a bank account's UPI PIN has not yet been set, a "Set PIN" button will appear in the account's details section.

  • Select the "Set PIN" option.

  • The final 6 digits of your card number and the expiration date must now be entered.

  • An OTP will then be sent to the mobile number you provided.

  • On the following screen, enter the OTP and a UPI PIN.

  • To activate your UPI PIN, fill out the form and hit "Submit."

You'll get a confirmation of your UPI PIN setup once it's been set up successfully.

UPI PIN Modification Instructions

Here's what you need to do to modify your UPI PIN:

  • Launch the Paytm UPI-compatible mobile payment app.

  • To use the application's UPI/Send Money to Anyone features, tap the corresponding menu item.

  • Using the Paytm mobile app, open the 'Bank' section by tapping the 'Settings' icon in the upper right.

  • To modify the UPI PIN for a specific bank account, click the "Change PIN" button there.

  • Next, you'll be asked for the last 6 digits of your credit card and the date it expires.

  • At this time, you'll be asked to enter both your old and new UPI PINs.

  • To confirm the new UPI PIN, enter it again.

  • Please note that your UPI PIN has been updated.

Keep in mind that your UPI PIN is a password protecting your bank account funds. As a result, the UPI PIN needs to be guarded carefully. Create a memorable UPI PIN that you won't forget.

How Critical is a UPI PIN?

Users are required to provide a Personal Identification Number (PIN) when conducting transactions through the UPI. You'll need it for the following reasons when making UPI-based purchases:

  • In the United Payments Interface, each bank account has its own personal identification number (UPI PIN), which is chosen by the account holder. Consequently, only the account holder has access to it, guaranteeing the security of the

  • Users can select their own personal UPI PIN, making it much simpler to keep track of.

Differences Between a UPI PIN and a MPIN

Users are responsible for remembering not only a UPI PIN but also a MPIN. Differences between them are as follows:



Uniform Resource Identifier (U.P.I.N.)

Means Personal Identification Number for Mobile Banking. or use of your portable software

Necessary for authorizing UPI-based transactions

Necessary for authorizing any financial dealings via mobile device

Information that must be provided to complete the deal

A few mobile payment apps require this information to be entered during the login process.

In order to complete a transaction using UPI, the user must provide a unique personal identification number (UPI PIN). A personal passcode is a secret number between 4 and 6 digits in length that only the user knows.
Definition of UPI PIN in Full
A transaction initiated via UPI requires a UPI PIN for verification. It aids in preventing unauthorized access to a user's UPI account. It's also what you'd enter if you wanted to see your bank account balance in a UPI app.
The Reserve Bank of India and the National Payments Corporation of India oversee UPI payments to ensure their security. The Paytm UPI payment application strictly adheres to all rules and regulations set forth by these organizations. Only from a mobile device that has your SIM card or mobile number saved in your bank account can a payment be initiated. Your private UPI PIN must be verified before each UPI transaction.
Just how do I go about establishing my UPI PIN?
The Paytm UPI payment app, which participates in the UPI service, must be downloaded before a UPI PIN can be set. The 'UPI' or 'Send Money To Anyone' section of the Paytm app is where you'll go to set up your UPI PIN after downloading the app and connecting your bank account. Set your UPI PIN by entering the last 6 digits of your card number and the expiration date.
If I lose track of my UPI PIN, what will happen?
You can reset your UPI PIN in the app if you've forgotten it. To retrieve a forgotten UPI PIN, go to the section labeled "UPI PIN" The UPI PIN can be reset after providing some personal information.
  • 10th Grade Science: Life Processes with Complimentary Ncert Solutions
    10th Grade Science: Life Processes with Complimentary Ncert Solutions 2023-07-25 00:51:45

    Solution: The inner lining of the small intestine undergoes a structural modification, forming villi, which are finger-like projections. These villi serve to increase the surface area for the absorption of digested food. Furthermore, they have a high vascularity, meaning they are well-supplied

  • Creating a Lovely and Simple Homemade Rakhi
    Creating a Lovely and Simple Homemade Rakhi 2023-07-25 00:50:08

    Creating Your Own Homemade RakhiThe glimmer in your eyes and the fervent desires in your heart paint a clear picture: you're filled with ideas for surprising your loved ones on Raksha Bandhan! Are you aware of what that entails? It means that Raksha Bandhan is fast approaching, leaving us with limited

  • 10th Grade Science Life Processes: Access Ncert Solutions for Free
    10th Grade Science Life Processes: Access Ncert Solutions for Free 2023-07-25 00:03:33

    Solution: The inner lining of the small intestine undergoes a transformation into tiny finger-like projections known as villi that enhance the surface area for the absorption of digested food. These villi are abundantly supplied with blood vessels, making them highly vascularized. Additionally,

  • 10 Years - Information on Wikipedia
    10 Years - Information on Wikipedia 2023-07-24 02:56:26

    A decade, which comes from the Ancient Greek word δεκάς (dekas) meaning 'a group of ten', is a span of ten years. Decades can refer to any period of ten years, whether it is someone's lifespan or a specific grouping of calendar years.Usage:Any period of ten years is considered a "decade". For

Showing page 1 of 43