TPIN and MPIN are both types of PINs used for mobile banking and transactions. Here is what each of them means:
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TPIN: TPIN stands for Transaction PIN. It is an authorization code that is sent to your registered mobile number and email address at the time of your demat account. It is also used as a 2-step authentication process for mobile banking services.
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MPIN: MPIN stands for Mobile Personal Identification Number. It is a 4 or 6-digit code used for secure transactions on payment and banking apps. It is required to log in to your mobile banking app to transact and serves as a unique identification number, ensuring the safety and authentication of mobile transactions. It is also used as a 2-step authentication process for mobile banking services.
Both TPIN and MPIN are used to authenticate transactions and ensure the safety of mobile banking services. It is important to safeguard your PINs to maintain the privacy and security of your mobile transactions.