The Unified Payment Interface (UPI) has become extremely popular in India, with nearly everyone using it for various types of transactions. In August 2024, there was a significant increase in UPI transactions, showing an impressive 41 percent year-on-year growth. The total number of transactions hit a record 14.96 billion, with the total transaction amount reaching Rs 20.61 lakh crore, reflecting a substantial 31 percent year-on-year growth.
The ease of transactions is one of the main reasons behind UPI's popularity. Users only need a smartphone, a SIM card registered with their bank account, an internet connection, the UPI app, and their UPI PIN to make a transaction. UPI transactions do not require an OTP; they rely on a PIN for authentication, and users cannot complete a transaction without it. However, if you forget your UPI PIN, you can easily reset it by following these simple steps.
A step-by-step guide on how to reset UPI PIN using ATM card
Before starting the UPI PIN reset process, make sure you have the following details ready:
- 1. The last six digits of your debit card number.
- 2. The expiration date of your debit card.
- 3. Your mobile number is linked to your bank account.
To reset your UPI PIN, follow these steps:
- Step 1: Open your UPI app on your mobile device. This process is similar for other UPI apps like Paytm, PhonePe, and Google Pay.
- Step 2: Navigate to the "Bank Account" option in the menu to view your linked accounts.
- Step 3: Select the "Reset UPI PIN" option to start the PIN reset process.
- Step 4: Enter the last six digits of your debit card number and the expiration date to verify your identity.
- Step 5: You will receive an OTP on your registered mobile number. Enter the OTP to proceed.
- Step 6: Choose a new secure UPI PIN and enter it.
- Step 7: Confirm your new UPI PIN when prompted to complete the process.
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