Before we dive into the tutorial on How to change UPI Pin in PhonePe, let’s get quickly introduced to PhonePe and UPI. Phonepe is a digital, UPI-based application that came into existence in 2016 and currently holds its headquarters in Bangalore, India. With the upsurge in usage of online apps for financial services, many new companies came into existence in India and offered different platforms to register and make transactions via them. Phonepe is one such company that stood tall in the times and became a common app used by people for their day-to-day payment needs. It is also one of the most used UPI Payment option and all the best UPI casinos in India.
With Phonepe, other than deposits at online casinos, your daily payment requirements become a cakewalk. Long gone are the days when you had to visit the bank or remember a person’s account number, IFSC code, branch address, etc to send money through net banking. Phonepe provides you with an option to ditch all these tedious and outdated methods of transaction and enjoy sending or receiving money at any time and anywhere with just your phone.
Not only banking, but Phonepe has spread its services in other areas as well- you can book a flight, train or bus tickets, recharge your sim or DTH, book hotels, Online casinos, sports betting, order food, shop and what not!
What is UPI?
UPI (Unified Payment Interface) is a platform that has made the online transfer of money easy and secure. Using UPI, a person just needs their UPI ID and PIN to do all his transactions without any hassles. You might be familiar with banking using IMPS, well, to put it simply, UPI transfers are an upgraded version of IMPS.
Earlier, whenever an individual had to make money transfers, he could either use net banking or go to the bank to do so. The former eased out the process to some extent but wasn’t as instant as we needed it to be. On the other hand, going physically to the bank with the account details of the recipient and standing in queues for hours, wasted a person’s time and caused frustration. UPI has made it all easier and brought all the banking services under one roof. Now if you know a person’s mobile no. , unique UPI ID or can scan their QR Code, money transfer can take place within a blink.
What is UPI pin in Phonepe?
UPI pin is a personal and self-chosen identification pin that a user assigns to authorize all the transactions which are initiated by him. Since it is used as a verification to ensure that the given transaction is commenced by the authorized user only, you must never share your UPI pin with anyone. This pin is generally set up by the account holder at the time of registration on the app but could be changed anytime afterward. For every deposit you want to make at PhonePe casinos this pin is going to be required.
How to change UPI pin in the Phonepe app?
Once you have registered on Phonepe, everything becomes extremely smooth and hassle-free. You can use the app in any shop and without using your card, easily pay bills. At times as unprecedented as today, when Coronavirus has taken over the world and spreads through mediums like air and surface, online transactions and eradication of the use of cash, is a step we all must take. Apps like Phonepe enable us to transact without paper money and lend a helping hand in fighting against the deadly virus.
The main question that arises in the minds of users, once they are done with setting up the app is- how to change UPI pin in Phonepe? It’s crucial to have basic knowledge of the working of the app and related processes to save yourself from any kind of online theft. What if there is an apprehension in your mind that someone knows your UPI pin and can use it without your consent through your phone? In such cases changing the pin is the most reasonable step you can take. Since the process is easy and uncomplicated, you would be able to understand it in a breath. Why delay then? Have a look at the process :
- Find and locate the three-bar icon on the main page and click on it to open the menu. You can also directly click on the “bank accounts” option that appears on the main page.
- All your bank accounts linked with Phonepe will show after you open “bank accounts” on a different screen.
- If you have multiple bank accounts linked with Phonepe, choose the one for which you want to change the UPI pin.
- Now you will see options such as “change UPI pin” or “reset UPI pin” Click on the first option.
- You will need to enter your existing UPI pin and then the new pin to which you want to change it.
- That’s it! Easy right?
There could be circumstances when you have forgotten your UPI pin and even after trying hard, you can’t recall it. For such cases, you can opt for the other option – resetting your UPI pin. This will enable you to reset your PIN entirely and PhonePe starts working as good as new.
Here is how to reset UPI Pin in Phonepe?-
- Reach the bank accounts page following the steps mentioned above.
- Choose the bank account.
- Now you will see options such as “change UPI pin” or “reset UPI pin”, Click on the latter one.
- You will need to enter the last 6-digits of your atm card/debit card and the expiry date.
- Once you have entered all the required details an OTP (one-time-password) would be sent to your registered phone number by the bank. Enter this OTP.
- Set your new UPI pin and enjoy using Phonepe.
Generally, the UPI pin is to be changed when you remember your current pin and have some kind of difficulty in using it. Maybe it takes a lot of time for you to enter the complex combination of numbers and you want to set it to something easy. As for resetting, a person normally resets the UPI pin when he forgets his old pin and there is no other way of retrieving it. In such a scenario you need to enter some of your debit card information and the OTP that is sent to your registered number. These steps are made mandatory by the app for security purposes and to ensure that the same person or the true user is trying to change or reset his UPI Pin.