Common questions

Why is ATM PIN required in PhonePe?

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Why is ATM PIN required in PhonePe?

Phonepe has become one of the most convenient ways to make payments in India. But, to make payment through Phonepe you have to set the UPI PIN and the UPI PIN is mandatory because without UPI PIN you won’t be able to do any transaction.

Does Paytm require ATM PIN?

Paytm Payments Bank is your next step towards a digital financial journey, explore the Paytm app to know more! Insert the debit card in the ATM, enter your debit card number and PIN given to you by the bank. Upon entering the PIN, you will be prompted to set a new PIN. Once done, you can start using your debit card.

Is ATM PIN required for UPI pin?

If you have your UPI PIN, you can use that as well: After that, you have to enter your last 6 digits of your ATM or debit card with expiry date. Now you have to enter your ATM pin and at last, tap on the correct sign. Now you have to set your UPI PIN.

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Is ATM card necessary for PhonePe?

Flipkart’s PhonePe is a UPI-based payment app launched in India to make digital payments. You can create a PhonePe account by entering your bank account details and generating a UPI ID. It is mandatory for users to have a debit/ATM card to add a bank account for making payments.

Is ATM PIN required for online transaction?

No ATM PIN for online transactions and other measures to make digital payments safe. RBI, in December 2016, relaxed the requirement of additional authentication for low value online transactions for transactions up to Rs 2,000 per transaction.

Does GPAY ask ATM PIN?

Google has provided certain guidelines that users should always keep in mind. Your UPI PIN is only needed to send money. Receiving needs no PIN. In case if someone asks you to enter a PIN, it means you are approving an outward payment.

How can I get my ATM PIN code?

How to Generate PIN via Net Banking?

  1. Log in to the net banking portal with the username and password provided.
  2. Choose the account that account holder wish to generate the ATM PIN for.
  3. Then choose the “ATM Card Services” option.
  4. Click on “Generate New ATM”
  5. Enter the desired ATM PIN.
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Can I transfer money without ATM card?

IMT is a unique product that can be used to send money instantly to any mobile number in India. The receiver can withdraw the money through an ATM without using a card.

How can I get Paytm UPI pin?

If you want to create a new UPI PIN through the PayTM app, here is what you need to do.

  1. Open the PayTM app.
  2. Tap on your profile icon in the top-left corner.
  3. Select Payment Settings.
  4. Tap on UPI & Linked Bank Accounts.
  5. Tap on Change PIN under your linked bank account.

How can I register PhonePe without ATM?

Step 1. Open the PhonePe app from your mobile and open menu by tapping on the icon at the top right corner of the screen. Go to Bank Account section, and click on the ‘ Add New Bank ‘ button. PhonePe runs on the UPI payment platform.

Which app is best PhonePe or Paytm?

If we look at the adoption, PhonePe had the most number of UPI transactions in September 2021 (1,653.19 mn), followed by Google Pay (1,294.56 mn) and Paytm (462.71 mn).

Which is the best UPI payment app in India?

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PhonePe is also counted amongst the best payment apps in India. It was founded by Sameer Nigam and Rahum Chari, former Flipkart employees, in 2015. In 2016, PhonePe became the first Android app to provide UPI-based user services. Within just 3 months of its launch, the PhonePe app hit 10 million downloads.

How to make UPI payments on PhonePe?

PhonePe lets you make UPI payments to your contacts and other account holders with the help of IFSC code. This approach enables you to transfer money from one bank account to another as well. On PhonePe app’s home page, you find the option of money transfer which can then be used to choose a beneficiary.

What is UPI (United Payments Interface)?

Digital wallet or UPI (United Payments Interface) was launched in 2015 by the state-owned National payments corporation of India (NPCI), the organization that manages all the digital payments in India. UPI is racing towards becoming the leading payment mode in India today.

Do you need a pin to use Google Pay?

Ambarish Kenghe, Director – Product Management at Google Pay, says, “Users need to be mindful that a transaction which requires them to enter their PIN, is for sending money. Remember, receiving money requires no PIN.

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