BANKING AFFAIRS

Detailed explanation-1: -Mobile Money Identifier (MMID) is a unique seven-digit number issued by banks to customers who use mobile banking services. It is used in conjunction with a mobile number to facilitate transactions through the Immediate Payment Service (IMPS) offered by the National Payments Corporation of India (NPCI).

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 (Mobile Money Identifier) is a 7-digit code that is issued by a bank to its customer in order to avail the mobile banking services. Each mobile banking account has a unique MMID allotted to the user by the bank itself.

Detailed explanation-4: -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-5: -Call the bank’s phone banking number. Choose the language and select the banking option. Talk to a customer care representative and ask for the generation of MMID. MMID will be sent to the account holder’s registered mobile number within a 24-hour window.