How to Change UPI PIN?

Let’s say Mr. Rajesh, a 65-year-old ex-employee of a private bank, is good at making a family budget. At the beginning of every month, he prints his bank passbook to see all of his last month’s bank transactions. When all the banks launch the Unified Payment Interface (UPI) payment method to ease transactions, Rajesh clings to the old-school idea of ideas in paying cash-in-hand.

This is because Mr. Rajesh finds that he often forgets his UPI PIN, and also locks the UPI app for wrongly entering the PIN. Many times, he seeks the help of others. But this time he accessed his mobile app, and found that there are more than one method to change his UPI PIN.

Let’s see how he changes the UPI PIN by himself:

• Enters the last 6 digits of his ATM debit card: 66 7777
• Debit Card’s Expiring Date: 06/25

New UPI PIN: He sets his new PIN to 1111. Mr. Rajesh has successfully set his UPI PIN.

This blog enlightens you on how to change your UPI PIN.

UPI Payment – A Seamless Transaction

After starting to use the UPI application, Mr. Rajesh eased all of his transactions. One day, he went to purchase vegetables in the market. He gave ₹ 500 for the cost of vegetables, cost of ₹ 66. The vendor did not have enough money to give the balance amount. But Mr. Rajesh simplified the business in the following ways:

• Scanned the QR code.
• Paid ₹ 66 from his UPI Application.

The business went smoothly. In another incident, Mr. Rajesh planned to buy a top-notch refrigerator, which cost around ₹ 90,000. 

He did not have money, but paid the amount through his UPI app.

• The maximum limit for UPI payment is only up to ₹ 1,00,000.

Once again, the UPI method of payment had eased the cash transaction of Mr. Rajesh. 

The UPI payment is a popular method of cash payment in digital banking transactions. The instant way of cash transfer is safe and secure. This method is helpful when either the buyer or seller is unable to tender the exact balance amount. 

What is UPI PIN?

The UPI PIN is a secret code of four or six-digit numbers, which the user has to set for his or her bank account, and should link the same to his or her mobile application. The abbreviation of PIN is Personal Identification Number. This PIN is required to authorise all kinds of bank transactions DONE through the UPI payment method.

• Mr. Rajesh sets his PIN as 7896
• For a cash transaction, he sets his PIN as 321951

Disclaimer: Usually, the mobile application opening PIN is a 4-digit number, whereas the cash transaction PIN is a 6-digit number.  

Why You Should Change Your UPI PIN?

The following reasons need to be taken seriously to change the PIN often.

Security Issues

Mr. Rajesh often changes his PIN for security reasons. In his initial days, this was how his mPIN used to be:

• Set mPIN as 1302, indicating his date of birth, i.e., 13th day and 2nd month of the year.
  
  
• When his others predicted it, he changed to 1575

Memory Problems: 

Many times, Mr. Rajesh forgot the mPin. So he took inspiration from his strong memory. Hence, he set:

• Mpin as 1575
• Cash transaction PIN is 150675

The digits indicate Mr. Rajesh’s favourite movie’s release date, which no one could predict it, unless he shares it with others.

Habit of Protection: 

Mr. Rajesh often changes the PINs as a habit of protecting his account from cyberattacks and fraudulent activities.
 

• Mr. Rajesh is a die-hard fan of a Bollywood actor.
  
  
• He can set PINs that are related to the actor’s movie release date, blockbuster collections, and many others.
  
  
• Suppose he can set the mPIN as 1111, indicating two heroes and two heroines from one of his favourite movies.

Methods to reset your UPI PIN

For security concerns, it is essential to reset the PIN over time. The exact steps may vary from one bank’s App to another bank’s App, although the procedures are the same.

Method 1: Resetting the UPI PIN via the mobile App

Step 1: Initiate the mobile bank app.

Step 2: Go to the Profile section of the mobile application, which is usually in the top-right-hand side corner.

Step 3: Select the bank account that is linked to the UPI.

Step 4: Navigate to the options Forgot UPI PIN” or “Reset UPI PIN.”

Step 5: After selecting “Reset UPI PIN”, another page will be opened. Here, you need to enter the debit card number of your ATM card.

Note: Some applications will ask only the last six digits of the ATM card, while other applications may require all sixteen digits of the ATM card.

Step 6: After entering the digit number of the ATM card, the application may ask one of the following options:

• CVV number
• ATM card expiry number

Step 7: After entering all the above-mentioned details, proceed to the next step.

Step 8: Create a new six-digit PIN, and confirm it. The application may ask you to re-enter the PIN for confirmation.

Step 9: After resetting the PIN, click “Submit.”

Step 10: The bank server will verify your authentication by sending a One-Time Password to your registered mobile number.

Step 11:  Validate the OTP and confirm your request.

Step 12: After completion of the above-mentioned procedures, click “Done.”

Disclaimer: All the procedures are the same in resetting the PIN of a mobile App. However, there can be slight changes in the selection of options.

Method 2: Resetting the UPI PIN via mobile App (In case forgotten)

This step is used when a user forgets his or her UPI on the mobile application.

Step 1: Initiate the mobile bank app.

Step 2: Go to the Profile section of the mobile application, which is usually in the top-right-hand side corner.

Step 3: Select the bank account that is linked to the UPI.

Step 4: Navigate to the options “Forgot UPI PIN.”

Step 5: The application requires you to enter the ATM card details.

Step 6: After furnishing these details, a One-Time Password (OTP) will be sent to the registered mobile number.

Step 7: On the next interface, create a new UPI PIN. The application may demand that you re-enter to confirm the newly created PIN.

Step 8: Click “Submit” after completing the above-mentioned procedures.

Security Tips Regarding UPI PIN

• Always keep the PIN confidential, and never share it with anyone.
  
  
• It is advisable to create a robust PIN for security reasons. Avoid creating a PIN by using the date of birth and the date of the month.
  
  
• Keep a track of the date of expiry of PIN through the mobile application, and give a reminder.
  
  
• Do not keep the same PIN for more than one bank account. This can jeopardise the security of the interface.
  
  
• Avoid using the PIN when someone is beside you. Ensure that no one sees you using your PIN for transactions.

Conclusion

Like Mr. Rajesh, anyone can change their PIN for their respective mobile banking applications. All the procedures are easier to understand and also convenient to implement. One can do a bank transaction at any time with mobile banking. Similarly, one can also change their PIN at any time they want. In the world of digital era, all banking-related queries are made easier and convenient.    

FAQs

1. For how many days, a UPI PIN valid?

It depends on one bank’s mobile application compared to another. However, normally all the banks expect their customers to change it after 90 days or 180 days.

2. Is it safe to use UPI transactions?

All the UPI transactions are safe and secure for carrying out banking transactions.

3. Who can use the UPI transaction?

Those who have a bank account with a registered mobile, along with a supportive smartphone, can use UPI transactions.

4. What are some of the popular third-party UPI apps?

Gpay, PhonePe, and Amazon Pay are some of the popular third-party UPI apps.

5. Is an ATM card required to initiate the mobile application?

Yes, an ATM card is required to initiate mobile banking, as it incorporates the customer’s details through its sixteen-digit number, CVV number, and card expiry date.

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