With the emergence of UPI Payments in India, UPI has become an integral part of life to send and receive money. UPI refers to the instant real-time payment system that allows you to send and receive money in a quick time. However, in the recent scenario, UPI has replaced IMPS and RTGS to make fund transfer easier. Individuals are required to enter their UPI PIN in order to make fund transfer to beneficiary’s account which is transferred within seconds. In this article, you will be able to learn-
- How to Generate UPI PIN?
- How to Set UPI PIN?
- How to Create UPI PIN?
- How to Reset UPI PIN?
- How to Change UPI PIN?
- How to Get UPI PIN?
What is UPI PIN?
UPI PIN full form- It stands for Unified Payments Interface Personal Identification Number. The UPI PIN is generally of 4 or 6-digit number set by the individuals to make any fund transfer, bill payments, etc. The UPI PIN is linked with person’s bank account which can be set different for different bank accounts. In other words, each linked bank account has different UPI PIN. Individuals can also check balance through UPI app and can make merchant payments.
Importance of UPI PIN
UPI PIN comes with various advantages for the users at the time of sending or receiving payments. It is a password that is required in order to proceed with the transaction. Here given are some of the importance of UPI PIN-
- The UPI PIN is unique to every bank account a user holds with the UPI App. It is set by the user himself, hence, chances of are fraudulent activities is minimized.
- Individuals have an option to create and choose their unique UPI PIN with the bank account, which is thus easier to remember while making payments.
- The UPI PIN consists of 4-digit or 6-digit number password which ensures safety and security while sending money for bill payments or fund transfers
How to Generate/Set UPI PIN?
In order to set your UPI PIN, one requires to install UPI app such as BHIM App, PhonePe, Google Pay, BHIM SBI Pay, BHIM PNB, etc. on their mobile devices. Create your profile after installing the UPI app entering the required details to proceed further. Follow the below mentioned steps to set or generate your UPI PIN-
Step 1: Launch the UPI App you have downloaded in your mobile device.
Step 2: Get yourself and mobile number verified.
Step 3: Select your bank account from the lists of banks available on the screen.
Step 4: Now you will be asked to set UPI PIN for the first time.
Step 5: Enter your last six digits of your ATM/Debit Card with expiry date.
Step 6: You will receive an OTP for verification.
Step 7: Enter the OTP received.
Step 8: Now set your 4 or 6-digit UPI PIN and proceed further to send and receive money
How to Reset/Change UPI PIN?
In case you forgot your UPI PIN, you can change/reset your UPI PIN by following the below-mentioned steps-
Step 1: Open your UPI App
Step 2: Click on your profile photo
Step 3: Now tap on the bank accounts
Step 4: Now select the bank account you want to change/reset UPI PIN
Step 5: Click ‘Forgot UPI PIN’ tab
Step 6: Enter the last six digits of your ATM/Debit Card and expiry date
Step 7: Now you can create your new PIN
Step 8: You will receive an OTP for verification on your registered mobile number
Step 9: Accept that and you have reset/change your UPI PIN
Security Tips for UPI PIN
- Verify the UPI ID of the person before making payment
- Enter the UPI PIN on UPI PIN page only and never share it with anyone else
- Entering UPI PIN means money getting deducted from your account.
- Scanning QR is for making payment, not for receiving money
- Check your SMS when money is deducted from your bank account
- Use help section in the UPI app itself for transaction related concerns
- In case of any frauds, please get in touch with your bank customer care immediately
Visit the following links to know more about UPI:
|Axis Bank UPI ID||Google Pay||UPI Charges|
|Bank of Maharashtra UPI Limit||HDFC UPI Limit||UPI Full Form|
|BHIM SBI Pay||ICICI UPI Limit||UPI Transaction Limit|
|BHIM||PNB UPI||Virtual Payment Address|
|Citibank UPI||Union Bank UPI ID||Whatsapp Payments|
UPI PIN- FAQs
No. UPI PIN is provided to confirm the transactions and stands for Unified Payments Interface Personal Identification Number. While mPIN is provided at the time of logging in to the mobile payments application.
Yes. It is absolutely safe and secure to proceed with your transactions. UPI is regulated by RBI and NPCI which in itself is the authority of trust provided to the customers.
Individuals are required to wait for 24 hrs to make any new transactions.
This error occurs when the details you have entered are incorrect. You can connect with bank’s customer care in case you are getting error message even after entering the correct details.
Yes. You can change your UPI PIN anytime 24×7.
Yes. You can make UPI payments to other bank accounts.