When was the last time you updated your UPI PIN?

Maybe a long time ago, but most of you have not considered it after entering the PIN for the first time ever. Of course, you must be thinking “Why should I change my UPI PIN regularly?”

This is because on the other end, we also live in a world where monetary losses via fraud and other means happen instantly in response to the digitization of the transfer of funds. And you would never want to lose your hard-earned money.

Therefore, with such significance of online transactions in our daily lives, it has become paramount to protect our financial information and use the power to pay digitally with caution.

So what can we do about it? Staying vigilant and being smart in planning. Certainly, also adding an extra layer of security by updating the UPI PIN on a regular interval.

What is a UPI PIN?

A UPI Personal Identification Number (PIN) is a 4/6 digit number you enter for authorizing UPI money transfers across any digital payment platform.

As a responsible beneficiary of UPI transactions, keep in mind that your UPI PIN should be strictly confidential in order to avoid any unauthorized payment via UPI.

Read this :- What is Pocket UPI and How to Use it?

Steps to change UPI PIN?

Changing your UPI PIN is an essential step to ensure the safety of your digital transactions. This process is quick and easy on the MobiKwik app. Here’s a step-by-step guide on how to change your UPI PIN:

• Tap the ‘UPI Transfers’ option on the app’s home screen
• Tap the ‘Manage’ option located on the top-right corner
• Tap on the account whose UPI PIN you want to change
• Tap on the ‘Change UPI PIN’ option
• Enter your existing PIN followed by your new PIN
• Confirm your new PIN and that’s it

In case you have forgotten your UPI PIN, you can reset your UPI PIN on the MobiKwik app by following the steps below:

• Tap the ‘UPI Transfers’ option on the app’s home screen
• Tap the ‘Manage’ option as located on the top-right corner
• Tap on the account whose UPI PIN you want to reset
• Tap on the ‘Reset UPI PIN’ option
• Enter the card details linked with your bank account
• Enter and confirm your new PIN and that’s it

Read this :- Is Your Wallet Powerful Enough?

How to avoid unauthorized payments?

It is important to know how to update your UPI PIN for better protection from unauthorized transactions. One should select a unique UPI PIN for their bank account which is not easy to guess. Prevent using simple combinations such as a part of your birthday or your phone number. Do not share your UPI PIN with family, friends, or even bank representatives.

Additionally, signs of a fraudulent call occasionally involve the fraudster asking for your current UPI PIN in exchange for the resolution of your issue or to deposit a proposed amount of money as a part of their scam. In such cases, it is strongly advised to disconnect such calls immediately.

When paying to someone in a public place, make sure that no one is watching your mobile screen while entering the UPI PIN. Stay alert and stay safe!