Generating MPIN for Indian Overseas Bank Mobile Banking

The introduction of IMPS in 2010 raised the number of mobile banking transactions even more. The convenience and speed with which funds can be transferred and received has propelled the expansion of mobile banking. Mobile banking, unlike internet banking, does not always require an internet access. Without having to provide the beneficiary’s account number or IFSC code, funds can be sent to a beneficiary’s account by SMS. To transfer payments, the sender only needs the beneficiary’s MMID code. Overseas mobile banking has progressively grown in popularity since its inception in 2008. The advent of mobile banking appeared to boost the RBI’s aim to digitise retail purchases in India, which has one of the world’s largest smartphone populations. By filling out an application at an Indian Overseas Bank branch, you can get an MPIN for the bank’s mobile banking app. The procedure can also be completed on the Bank’s website. The bank will either mail you or generate your mobile banking credentials online, depending on which method you choose. When creating the MPIN, it’s critical to supply accurate information.

What is the MMID?

The Mobile Money Identifier (MMID) is a unique 7-digit identification number issued by the bank to the account holders of the bank who wishes to use mobile banking. The MMID is a randomly generated number that is usually a combination of the account holder’s mobile number and bank account number.

What is the MPIN?

The MPIN is a password to authenticate mobile banking transactions. For newer account holders, the bank usually includes the MPIN with the Welcome Kit.

Generating the MPIN for Indian Overseas Bank

The first step to generating the MPIN is registering for the mobile banking services offered by Indian Overseas Bank. You can register for mobile banking services through the bank’s official internet banking website or by filling out and submitting an application at the bank branch where you hold your account. When you sign up for mobile banking by submitting an application at the bank branch, the bank usually courier’s your mobile banking credentials, including your MPIN, to the mailing address registered at the bank.

If you are registering for mobile banking through the Indian Overseas Bank website, you receive your credentials instantly. Once you have entered the details requested for the registration process, you will receive a One-Time Password (OTP) from the bank to authenticate the process. When you enter the OTP you receive a confirmation of your registration for mobile banking.

When the registration process is complete, you will receive a link to download the bank’s mobile banking application—IOBMobile— along with your MPIN. You can also download the app from the Google Play Store or App Store—depending on the mobile device you use.

Once the registration process is complete, you can begin using the mobile banking services to transfer funds, check your account summary, pay utility bills and a number of other services offered on the IOBMobile app.