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 means Mobile Money Identifier, which 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-3: -(OR) for SMS banking customers send SMS “MMID UserID” to 9223440000. If you are not registered for Mobile Banking Service, You can also generate MMID for all your accounts by sending SMS “MMID <Bank Code> <11 digit Account number>” to 9223440000 to Generate MMID. Bank Codes can be SBI, SBBJ, SBH, SBM, SBP and SBT.

Detailed explanation-4: -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.

Detailed explanation-5: -Mobile Money Identifier (MMID) is a seven-digit number, issued by banks for effecting financial transactions through the user’s mobile phone. MMID is a code that allows for interbank transfers via the mobile banking platform.