UPI PIN Update: UPI continues to be the most preferred mode of payment in the country. According to the National Payments Corporation of India (NPCI) data, Unified Payments Interface (UPI) transactions crossed Rs 11 lakh crore in September 2022.
A UPI PIN (a four or six digit number set by the user) is required to authorize any transaction through the payment app. Users will have to set the PIN while linking their bank accounts with UPI apps including PhonePe, Paytm and Google Pay.
Your UPI PIN has been compromised?
You can reset the UPI PIN using UPI apps including Google Pay, BHIM and PhonePe. Users can select a bank account on the Google Pay app and select ‘Forgot UPI PIN’ to reset. But they may have to enter their debit card details. However, unlike the first time, users can modify their UPI PIN without entering their debit card details on Paytm with their previous PIN.
How to change your UPI PIN on Paytm:
- Step 1: Open Paytm App and Click on Profile Icon.
- Step 2: Select ‘UPI & Payment Settings’ which will direct you to the payment settings.
- Step 3: Open the ‘UPI & Linked Bank Accounts’ menu.
- Step 4: Select the bank account and tap on the text ‘Change PIN’.
- Step 5: Click on “I remember my old UPI PIN” option and enter the PIN.
- Step 6: Now set a new PIN and confirm the change.
