Online payments have become extremely convenient with UPI apps like PhonePe. However, to make transactions, you need to set a UPI PIN which acts as your digital signature. The United Payments Interface (UPI) system by NPCI enables smooth digital transactions using bank accounts.
PhonePe is one of the most popular UPI-based apps in India that leverages this infrastructure for quick money transfers, online recharges, bill payments, and other transactions. To complete any payment on PhonePe, you must set a 4-6 digit UPI PIN linked to your bank account.
This PIN authorizes and authenticates all your transactions, just like an ATM PIN. For security reasons, it is advisable to change your UPI PIN periodically. This article provides step-by-step instructions to change or reset your existing PhonePe UPI PIN conveniently right from the app.
Why Do You Need to Change UPI PIN in PhonePe?
Here are some important reasons for changing your PhonePe UPI PIN periodically:
- Enhanced Security: Changing the PIN at regular intervals prevents unauthorized transactions and misuse by anyone who may have accessed your old PIN. It makes your account more secure.
- Forgotten PIN: If you have forgotten your old UPI PIN, you can easily reset it by changing the PIN. This lets you access your account again.
- Compromised PIN: If for any reason you feel your UPI PIN is compromised, changing to a new one will safeguard your money.
- Exposed PIN: If you have accidentally exposed your PIN to someone, changing it is imperative to avoid misuse.
- PIN Hygiene: Experts recommend changing your banking PINs every few months as good security practice to lower risks.
How to Change UPI PIN In PhonePe Easily?
For new PhonePe users, you need to set a UPI PIN when adding your bank account to the app. For existing users, the app uses your previously set UPI PIN for authenticating and approving payments. Follow these simple steps to change your UPI PIN in the PhonePe app:
Step 1: Tap on Profile Icon
- Open the PhonePe app and tap on your profile icon in the top left corner.
Step 2: Select Bank Account
- From the list, choose the bank account whose UPI PIN you want to change.
Step 3: Tap on ‘Change’ Option
- In the UPI PIN section, tap on the ‘Change’ button.
Step 4: Enter the Old UPI PIN
- Input your previous 4-6 digit UPI PIN first when prompted.
Step 5: Enter New UPI PIN
- Create and enter your new 4-6 digit PIN as required.
Step 6: Confirm New PIN
- Re-enter the new PIN and tap on the tick mark icon to save changes.
Your PhonePe UPI PIN is now successfully changed! The process is quick and easy.
How to Reset UPI PIN In PhonePe?
Thinking of resetting your UPI PIN in PhonePe? It’s quite simple! If you have forgotten your UPI PIN, follow these steps to reset it easily.
Step 1: Open Profile and Account
- In the PhonePe application, tap on the profile option and open the bank account.
Step 2: Tap on the ‘Reset’ Option
- Next, tap on the reset option that is located in the UPI PIN section of the account.
Step 3: Enter Card Details
- Now you need to enter your card details to proceed!
- Input the last 6 digits and expiry date of the linked debit card when prompted.
Step 4: Enter OTP Received
- Now you will receive an OTP on the registered mobile number.
- Enter the OTP carefully for a smooth process.
Step 5: Create a New UPI PIN
- After that, you will get an option to create a new UPI PIN!
- Set a new 4-6 digit UPI PIN as per your preference.
This completes the UPI PIN reset process on PhonePe if you have forgotten it. Make sure to follow the steps as they have been mentioned and you are good to go!
Changing your PhonePe UPI PIN regularly every few months is advisable for enhanced security and prevention of unauthorized transactions. Never save or share your UPI PIN with anyone to avoid misuse. Follow the simple steps outlined in this article to change or reset your PhonePe UPI PIN conveniently from your smartphone anytime. If you need more content like this, then stay in touch with us!