Generating MPIN for Indian Overseas Bank Mobile Banking

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Since its launch in 2008, mobile banking has steadily gained popularity. India has one of the largest number of smartphone users in the world, and the launch of mobile banking seemed to aid the RBI’s effort to digitise retail purchases.

In 2010, the launch of IMPS further increased the number of mobile banking transactions. The convenience and promptness of transferring and receiving funds has further accelerated the growth of mobile banking. Unlike internet banking, mobile banking does not always require internet connectivity. Funds can be transferred to a beneficiary account through SMS, without having to enter the beneficiary’s account number or IFSC code. The beneficiary’s MMID code is all that the sender would need to transfer funds. While transferring funds through SMS, the sender would be required to enter their MPIN to confirm their transaction.

What is the MMID?

The Mobile Money Identifier (MMID) is a unique 7-digit identification number issued by the bank account holders using 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.