What is MMID?

Mobile Money Identifier transformed digital transactions in India. The complete MMID module is Mobile Money Identifier. It is a unique 7-digit number, usually a combination of your mobile phone number and your bank account number.

It is a code that allows interbank transfers through the mobile banking platform. The MMID facility was initially launched in India in 2010 as an heir to two commonly used transfer procedures: real-time gross settlement or RTGS funds transfers and the national electronic funds transfer service or NEFT.

When users try to allocate money via IMPS through their mobile banking platforms, they need to verify and protect their dealings using their exclusive MMID. For the fund’s transfer to be successful, the sender/sender and the payee/payee must have an MMID. For the fund’s transfer to be successful, the sender/sender and the payee/payee must have an MMID.

You can initiate a funds transfer using only your mobile phone and your MMID code. In addition, each bank account you have will have a different MMID number, and you can link all MMID numbers to one mobile number. Only the recipient’s mobile and account numbers and IFSC details are necessary to initiate transfers using MMID.

Also Read: All You Need to Know About SEO

How To Get The MMID Number?

After explaining the meaning of it, let’s find out how to get it. To use IMPS, you must have a valid bank account with enabled mobile banking services offered by your bank. You must also provide the bank with your mobile number, which remains on file with its accounts and is known as a listed mobile number or RMN. You can call your bank and submit an application form to start this facility.

Also Read: How to Get More Views on YouTube: 16 Tips that Actually Work

Why Is It Mandatory?

Many people in several portions of the country do not have entree to online banking services such as RTGS and NEFT, allowing fast money transfers. However, most people have cell phones. With this in mind, It extends instant money transfer facilities to even those without online banking.

Senders and recipients don’t even need bank account numbers or IFSC codes. If you have a phone number linked to your bank account, you can receive money transfers via MMID. It, therefore, helps prevent financial fraud. It is easy to make use of and helps facilitate fast digital transfers. This excellent value proposition has transformed the banking sector.

An intelligent mobile banking app. Download DBS’s Digibank and explore a world of banking in just a few steps.

Also Read: The Complete Image Formatting Guide for Social Media

How To Generate The MMID?

Besides knowing what it is, you should know how to generate your own MMID. Usually, there are several ways you can create the code. They are as below:

You can create it with the comfortable equipment you receive when you sign up for mobile banking.
You may visit your bank and fill out a form to generate your MMID. After registering your mobile phone number with your bank, the bank will issue you a unique 7-digit MMID.

Ask by SMS if your bank offers this possibility, by telephone bank. You need to call the bank’s phone number. A customer service representative will help you generate Mobile Money Identifier.

You will receive it on your recorded mobile number within 24 hours through net banking by logging into your account and finding the “Generate MMID” section. Fill in all the necessary details and check them. Your MMID will be created for the respective account via the IMPS fund transfer option via the mobile banking application. Upon successful registration, a 7-digit MMID will be sent to your registered cell phone number.

How To Use MMID For Money Transfer?

Follow these steps to use it for money transfers.

  • Log in to the mobile banking app.
  • Go to the funds’ transfer section and click on the IMPS tab.
  • Enter the recipient’s mobile phone number and MMID and start the transfer.
  • Verify the allocation using an OTP or PIN.

As mentioned above, you can add beneficiaries and initiate instant money transfers using IMPS through your bank’s official website.


Now that you know the meaning and uses of it, you can easily take advantage of this feature. With it, the government has made money transfers even more convenient. It has revolutionized the country’s digital banking sector, making money transfers accessible to everyone in every corner of the country. It makes banking easier for bank account holders and changes the way traditional banking.

Also Read: Customer Identification Form – How to Get SBI CIF Number?