Learn about the UPI PIN and how to set or change your PIN.

2023-01-30 02:19:07 - 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 422346.com.

With UPI, you can instantly transfer funds from one bank account to another. When compared to IMPS and NEFT, UPI is a viable alternate payment option. A UPI ID and UPI PIN are needed for safe money transfers through UPI. When a user signs up for a UPI account, they'll also create a unique identifier (UPI ID) that serves as their digital payment address. However, a UPI PIN is a password that the user sets in order to approve a transaction from a specific bank account.

UPI PIN: what it is and how to set it!

To what does the UPI PIN refer?

UPI PINs, short for Unified Payments Interface Personal Identification Numbers, are 4- or 6-digit numbers that users choose for themselves during the UPI registration process on a UPI application or at a later time. UPI PINs should not be shared with anyone in order to reduce the likelihood of fraud, as they can be used to confirm a transaction by the user.

Instructions for Creating a UPI PIN

Installing the Paytm mobile payment app on your phone is the first step in creating a UPI PIN. After you've downloaded and installed the app, you'll need to make a UPI profile for yourself and set up your UPI PIN as follows:

  • Launch the mobile app for making UPI payments (Paytm)

  • The Paytm mobile app's 'Profile' button is located in the upper left corner.

  • Once the drop-down menu appears, select "Payment Settings" from the list of options at the bottom.

  • Then, to view the complete list of your linked bank accounts, select the "UPI & Linked Bank Accounts" tab.

  • There will be a "Set PIN" button next to the bank account if a UPI PIN has not been established for it.

  • A PIN can be set by selecting the "Set PIN" button.

  • Next, fill in the last 6 digits of your card number and the expiration date.

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

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

  • Your UPI PIN will be created once you click "Submit."

You will get a confirmation message once your UPI PIN has been successfully set up.

UPI PIN Modification Instructions

Here are the steps you must take to modify your UPI PIN:

  • To use the UPI service, launch the Paytm mobile payment app.

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

  • Simply navigate to the Paytm app's Bank section by tapping the 'Settings' icon in the upper right corner.

  • To modify the UPI PIN, click the "Change PIN" link next to the relevant bank account.

  • The next step is to enter the last 6 digits of your card number and the expiration date.

  • Please enter your current UPI PIN followed by your new UPI PIN.

  • Please re-enter your new UPI PIN and then select "Confirm."

  • We just updated your UPI PIN.

Keep in mind that your UPI PIN is a password to your bank account and its contents. Therefore, the UPI PIN requires extreme secrecy. To avoid forgetting it, you should select an easily recalled UPI PIN.

Why is It Crucial to Have a UPI PIN

In order to complete a transaction, the user must enter a UPI PIN. As an example of its significance in UPI-based transactions, consider the following:

  • Each bank account has a different UPI PIN that can only be used by the account holder. This ensures that only the account holder can access the information stored there.

  • Users can select a personal UPI PIN that is easier for them to remember.

What You Need to Know About UPI PINs and MPINs

Users are responsible for remembering not just one, but two different passwords: a UPI PIN and a MPIN. The dissimilarities between them are as follows:



Acronym for Universal Identifier for Payments Interface.

Means Personal Identification Number for Mobile Banking. ...or use of your mobile app

Necessary for authorizing UPI-based transactions

Required for authorizing any mobile banking activity

Is obligatory for the completion of the deal.

Must be entered when logging into the mobile payments app (required in some but not all apps).

To complete a transaction using UPI, the user must provide a unique personal identification number (UPI PIN). An individual's passcode is a set of four or six digits.
What does UPI PIN abbreviation mean?
UPI PINs are used to verify transactions made using UPI. It aids in preventing unauthorized access to a user's UPI account. It's also how people use UPI apps to see how much money they have in the bank.
The National Payments Corporation of India and the Reserve Bank of India ensure the complete security of UPI transactions. The Paytm UPI payment application strictly adheres to all of the rules established by these authorities. Your SIM card or mobile number on file at the financial institution must be present in order to make a purchase. With each UPI transaction, you'll also need to verify your private UPI PIN.
How do I create a UPI PIN?
Getting the Paytm UPI payment app, which is compatible with the UPI service, is the first step in setting up your UPI PIN. Once you've downloaded the Paytm app, go to the 'UPI' or 'Send Money To Anyone' section, select the bank account, and tap 'Create UPI PIN.' To set your UPI PIN, you'll need to enter the last six digits of your card number and the expiration date.
When will I be able to use my UPI again if I lose my PIN?
You can reset your UPI PIN in the app if you've forgotten it. To reset your UPI PIN, go to the UPI PIN section and select "Forgot UPI PIN." You can modify your UPI PIN after providing some personal information.
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