BANKING AFFAIRS

Detailed explanation-1: -Mobile Money Identifier or MMID is a 7 digit number of a bank customer who uses mobile banking. This number is used when you try to send or receive money using the IMPS fund transfer method.

Detailed explanation-2: -MMID is a 7 digit number allotted by your Bank for receiving funds through IMPS. The bank will allot MMID when you register your mobile number and account number in which you wish to receive funds. If you have more than one account, you will get a separate MMID for each account.

Detailed explanation-3: -MMID is an acronym for mobile money identifier. It is a seven-digit unique code assigned to a bank account. It was introduced as a successor to standard money transfer methods like NEFT and RTGS in 2010.

Detailed explanation-4: -Mobile Money Identifier or MMID is a seven-digit number of which the first four digits are the unique identification number of the bank offering IMPS of a bank customer issued by the banks for doing financial transactions through the user’s mobile phone.

Detailed explanation-5: -The last three digits are 3, 5 and 5.