MMID Means-Mobile Money Identifier [Create New MMID-SBI, ICICI,HDFC]

MMID Means

MMID meaning or MMID stands for Mobile Money Identifier, a seven-digit number that your bank assigns to you when you use IMPS to receive funds.

When you register your mobile phone and the account number where you want to receive funds, the bank will assign MMID number to you. To receive funds via IMPS, you must provide the remitter with your mobile number and MMID Code.

MMID Full Form

The Full FORM OR abbreviation of MMID is Mobile Money Identifier.

What is MMID? What is the need for MMID?

  • Through the RTGS and NEFT options, a bank customer may now transfer money to any other persons bank account using their account number and IFSC code.
  • However, both of these transaction methods have the drawback of not being available for service 24 hours a day, seven days a week, so a customer cannot complete the transaction whenever they want.
  • To address this issue, the IMPS payment mechanism was introduced.
  • It was originally assumed that no two people could have the same phone number, thus this notion may be used to help MMID migrate successfully.
  • Because customer’s cellphone numbers are frequently recorded with the bank, they can be used to identify a person as well as his savings or current account number.
  • As a result, money can be transferred even if the customer’s bank account number is unknown. However, because one mobile number was associated with many accounts, this notion had an issue determining how the system would identify the correct account number.
  • The MMID idea was created to address this problem. Because a customer cannot have the same MMID for more than two bank accounts, MMID can only be utilized with one bank account.
  • So, if a client uses his or her mobile number in conjunction with his or her MMID, they will be able to determine the precise account.
  • IMPS has become a popular mobile banking platform thanks to MMID.
  • Both the sender (remitter) and the beneficiary/payee must have an MMID in order for a successful financial transfer to occur.
  • The Immediate Payment System (IMPS) interface is used to operate this system.
  • Money may be sent and received by SMS utilizing a phone and the MMID capability.

How to Create MMID (Complete Information)

MMID is an extremely user-friendly method of banking. It provides a fantastic platform for individuals who do not have access to online banking to send and receive money without difficulty.

An MMID can be created in one of three ways:

Mobile Banking,

Internet Banking, and

Phone Banking are

Mobile Banking

  • Open your bank’s mobile banking app and
  • go to the ‘Account’ option.
  • Select the ‘Generate MMID’ tab & click on it.

Internet/Net Banking

  • Go to the main page and click on “Generate MMID”  
  • Login to the bank’s online banking site using all login details
  • MMID will be produced for the appropriate account if essential data are entered and verified.

Phone Banking

  • Dial the bank’s phone banking number,
  • then choose the language and banking option.
  • MMID will be provided to the account holder’s registered cellphone number within a 24-hour timeframe if you speak with a customer service representative and request it.

Procedure for MMID

The following is the procedure for obtaining MMID:

To utilize IMPS, a consumer must have a bank account with the bank where he or she has enrolled for mobile banking services. If the customer’s cellphone number has not been registered with their bank, they can visit a branch and fill out an application form to receive this service.

You may also access this service by downloading the form from the bank’s website or by logging onto your net banking account. When a consumer registers his or her mobile phone with their bank, they will receive a 7-digit unique MMID code that may be used for IMPS instant financial transfers. The very first four digits of this MMID code are the bank’s unique identification number from which the customer obtained IMPS service.

If a consumer has several bank accounts, each of their bank account numbers will be assigned a unique MMID number by their bank. Because the customer’s MMID number is a mix of their mobile number and bank account number, it’s simple to figure out which MMID code corresponds to which bank account.

A MMID code can be generated in a variety of methods, with the procedure varying depending on the bank. When a consumer registers their mobile number for mobile banking, certain banks create the MMID code automatically.

Some banks additionally allow customers to create the 7-digit MMID code through an SMS request or an online request utilizing net banking.

Fund Transfer with MMID

The MMID Fund Transfer Process is as follows:

The combination of MMID code and mobile number serves as a substitute for the payee’s account number and IFSC code. Customers may simply transfer payments if they know the MMID code and contact number. MMID code is used when a client wishes to send money over the IMPS platform. So, let’s look at how we can use MMID to make a financial transfer.

The following are the steps to complete these transactions:

  • The consumer must first sign onto the mobile banking app.
  • Then they must choose the IMPS option from the fund transfer area.
  • After that, the client must input the beneficiary’s account number, as well as the beneficiary’s cellphone and MMID code, to begin the fund transfer procedure.
  • The consumer must then confirm the transaction with an OTP or mPIN.
  • The money will be deducted from the customer’s account and transferred to the beneficiary’s account in a matter of seconds once the transaction has been confirmed.
  • The consumer will receive an SMS from the bank with the transaction information if the transaction is successful.
  • If an issue occurs during the money transfer procedure, the customer should keep track of the reference number.
  • If the consumer does not have access to the Internet, he or she can still utilize the IMPS service.
  • On the bank’s official website, the client can add the beneficiary and follow the procedure for sending money.

As a result, we can see that, as IMPS becomes more widespread, it will inevitably replace RTGS and NEFT in the near future. Transferring cash using IMPS is more convenient and simple because all a client needs is his or her MMID code and cellphone number.

What does MMID Code stand for?

MMID Code, also known as MMID, stands for Mobile Money Identifier.

It is often a seven-digit number assigned to a client with a bank account. This code is used whenever a user tries to transfer or receive money using the IMPS mode of payment with their cellphone number. A single MMID Code can be connected to any bank account.

Although a single mobile number can be connected to many MMID Codes, each code will be traced back to a single mobile number and bank account number.

What is the MMID code’s purpose?

Many payment options have grown extremely popular in recent years.

Online payment transactions have been buzzing about NEFT and RTGS. They do, however, have some limits that prevent a bank customer from using such services during particular days and hours. As a result, the IMPS idea was developed for performing online digital transactions.

Because a cellphone number can only be traced back to a single user, it was chosen as the foundation for such a service. The MMID and cellphone number would allow such transactions to be carried out via IMPS without revealing the account holder’s bank account number.

However, because a mobile phone may be connected to several bank accounts, the MMID Code was created. Because the code can only be connected to one bank account, it becomes a unique identifying trait.

What are the advantages of using MMID Code?

The MMID Code saves a bank account holder the trouble of revealing his bank account number and IFSC code with an unknown individual, reducing the risk of fraud and cheating.

In the realm of digital transactions, the MMID code has provided a particularly beneficial proposal, allowing a bank account user to transfer cash. It saves bank account users a lot of time and effort, and it has altered the way traditional banking is done.

Mobile Banking Registration

To sign up for mobile banking, follow these steps:

  • Install the app on your phone and begin the registration procedure.
  • Go to your local ATM and sign up for mobile banking.
  • Contact customer service to enable mobile banking.
  • Go to the bank and ask for mobile banking services to be activated.

How to Use MMID for Fund Transfers

  • Open the appropriate app and log in to mobile banking.
  • Select the ‘Funds Transfer’ option
  • Select IMPS
  • Fill in data such as the beneficiary’s or payee’s cellphone number, MMID, and the amount to be sent, then double-check the information.

In SBI, what is MMID?

  • If you register for SBI Mobile Banking, MMID will be assigned to the main account that is allowed to use the service.
  • Please produce MMID for additional accounts using the SBI Freedom application “Requests > Generate MMID.”


  • Send SMS “MMID UserID” to 9223440000 for SMS banking customers.
  • If you do not have an SBI Mobile Banking account, you can generate MMID for all of your accounts by sending the SMS “MMID Bank Code> 11 digit Account Number>” to 9223440000.
  • SBI, SBH, SBM, SBBJ, SBP, and SBT are examples of bank codes.
  • SBI is the source.

In HDFC, what is MMID?

Using the Internet Banking Website

  • Visit the HDFC Bank website and log in.
  • Go to Accounts and select the Request option.
  • Click “Generate MMID” and review the account information.
  • When you click ‘Continue,’ your MMID will be produced right away.

Using the HDFC MobileBanking App

  • Open the HDFC Bank MobileBanking app and log in.
  • Select “Funds Transfer” from the drop-down menu.
  • Click “Continue” after selecting “Generate MMID.”
  • Your MMID will be created right away.

If you already have MMID and are having trouble registering, try selecting “Retrieve MMID” instead of “Generate MMID” and proceeding as usual.

Unstructured Supplementary Service Data (USSD):

  • Enter *99# in the phone number field.
  • Send a message to HDFC.
  • Respond with a 6.
  • Your MMID will be emailed to the phone number you provided upon registration.

In ICICI, what is MMID?

App for iMobile Banking

  • Customers may use this app to create MMID.
  • Select “Smart Keys and Service,” then “Account Services,” and then “Show MMID Code” after logging in to the app.
  • Your 7-digit MMID number will be produced as a result of this procedure.

Through text message

  • Send MMID followed by the last four digits of your bank account number to 9222208888.
  • The bank will then send you an SMS with your 7-digit MMID code.

By dialing *525# on a USSD phone.

  • To obtain additional options, press 7 on your phone.
  • To generate your MMID, press 4 followed by the last four digits of your bank account number.
  • Your MMID code will be shown once you’ve completed this step.

What is Mmid PNB?

PNB clients can create the MMID via mobile banking, internet banking, and ATMs.

Mobile Money Identifier’s Frequently Asked Questions (MMID)

What is the MMID number and where can you acquire it?

The Mobile Money Identifier is a seven-digit number assigned by your bank to each customer. This number is supplied to you in order for you to receive money via IMPS. When you register your phone number and e-mail ID with your savings account, you will be granted the MMID.

Is the MMID number the same for each bank account?

Each of your bank accounts will have a unique MMID number, which may all be connected to a single mobile phone number.

What is the purpose of MMID?

A Mobile Money Identifier is a number that the bank assigns to customers who utilise mobile banking. The number is mostly utilised when sending or receiving payments using the IMPS payment mechanism.

What is your MMID number and how did you obtain it?

You may obtain your MMID number by completing the bank’s mobile banking application form. Your MMID number and M-PIN will be sent to the bank’s registered mobile phone or to your official address. You may sign up for mobile banking on the bank’s website or in person at a branch near you.

How can I find out what my beneficiary’s MMID number is?

  • Send an SMS to 9222208888 with the message MMID > last four digits of your bank account number.
  • The bank will then send you an SMS with your 7-digit MMID.

Is the Mmid and the customer ID the same?

The Mobile Money Identifier is a seven-digit number assigned by your bank to each customer. This number is supplied to you in order for you to receive money via IMPS. When you register your phone number and e-mail ID with your savings account, you will be granted the MMID.

What is the difference between MMID and MPIN?

The distinction between MPIN and MMID must constantly be remembered.

The MMID is necessary for fund transfers via mobile banking, whereas the MPIN is required for money transfers using mobile phones.

Mmid code is written where?

Mobile Money Identifier is abbreviated as MMID Code.

It is often a seven-digit number assigned to a client with a bank account. This code is used whenever a user tries to transfer or receive money using the IMPS mode of payment with their cellphone number.

What is the MMID’s beneficiary?

It is generally represented by a seven-digit number given by the bank to a consumer with a bank account. This code must be entered whenever a user want to pay or receive money over IMPS.

Is Mmid and IFSC the same thing?

IMPS Transfers Using Various Techniques

IMPS allows you to transmit money via a variety of methods, including account number and IFSC, ATMs, SMS banking, and Mobile Money Identifier (MMID) and mobile number.

Customers will be charged a transaction fee if they use this method to transfer money.

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