BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
What is the length of UPI PIN in our Bank?
A
2 digits
B
10 digits
C
4 digits
D
8 digits
Explanation: 

Detailed explanation-1: -UPI PIN is a 4-6-digit number that is used for approving any transaction that is done through UPI. Some banks provide 6 digit UPI PIN and some banks provide 4 digit UPI PIN. UPI PIN should not be shared with any other because by using UPI PIN, user can do money transaction from linked banks on UPI Application.

Detailed explanation-2: -What is UPI PIN? A UPI PIN is a password that must be provided by the user to authorize a transaction made through UPI. It is a unique, 4 or 6 digit passcode that a user can create according to his/her choice.

Detailed explanation-3: -A UPI PIN is a unique 4 or 6-digit code or password that you need to set for each bank account to enable UPI payments on any app. You will need to enter your UPI PIN on the PhonePe app for any payments you wish to make through UPI.

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