How to set UPI-PIN for bank account in BHIM App?
With the launch of BHIM App or BHIM digital App, everyone is talking about how incredible this application is. This app, being a UPI based app is considered to be safe for digital payment and your UPI-PIN for bank account in BHIM App makes it extra secure. So let us talk about what is UPI-PIN for bank account in BHIM App and how to set UPI-PIN.
What is UPI Pin?
UPI Pin is the pass code for making the transactions via UPI Apps. These transactions includes transferring to any other person via upi address, or making balance inquiry, adding beneficiary, setting payment or transfer limit etc. Thus UPI Pin is a secure code for making any changes in your UPI App thus preventing any unauthorised access or changes to the details. This Pin has helped minimising the fraudulent activities.
UPI-PIN in BHIM App and How to set UPI-PIN for bank account
UPI based digital payment applications enable you to make payment from your bank account without any need to banking credentials or debit/credit card. The UPI system allows you to make payments directly from your bank account using an identity authentication which can be done either using mobile number or bio-metric prints.
In BHIM app, you can connect your bank account and send money through BHIM app or make payment through your bank account easily.
However, the UPI-PIN in BHIM app enables you to secure your transactions.
To set UPI-PIN for bank account in BHIM App, do the following –
- Download the BHIM App and open it.
- Go to the Main Menu section.
- Then go to Bank Accounts option and select it.
- Now select the account and go to “Set UPI-PIN” option.
- Enter the last six digit of your credit card with expiry date.
- Now you will receive an OTP on your registered mobile number. Enter that OTP to authenticate and then set UPI-PIN for bank account.
- Enter your desired 6-digit UPI-PIN for BHIM App and select done.
Why to set up UPI-PIN for bank account in BHIM App?
It keeps your transactions extra secure.
Are the UPI-PIN and MPIN for bank account same?
No, they are not same as each other. The MPIN for bank account is used for internet banking or mobile bankign payment and the UPI-PIN is used to make payment through BHIM digital app.
UPI APPS like : PNB UPI, HDFC UPI, SBI UPI, AXIS UPI, BHIM UPI, ICICI UPI, BOB UPI, BOI UPI, CANARA UPI