MMID means Mobile Money Identifier. It is a unique seven-digit number issued by banks to customers who use the Immediate Payment Service (IMPS) for money transfers.
Each bank account linked with a mobile number receives a distinct MMID number, which makes it easy to send or receive funds instantly using a mobile device.
The MMID full form helps understand its purpose clearly; it stands for Mobile Money Identifier.
This feature plays a key role in enabling secure and quick interbank fund transfers through IMPS without the need to share detailed bank information, such as account number or IFSC code.
How Does an MMID Work?
When you link your mobile number with your bank account, the bank generates an MMID number. You can then use this number along with the receiver’s mobile number and MMID to send money using the IMPS platform. This makes transactions simpler and faster, especially for users who prefer mobile banking over traditional methods.
For instance, if you have two different bank accounts linked to the same mobile number, each account will have its own MMID number for identification purposes.
A typical MMID number example looks like this: 9221356. The first few digits often represent the bank code, while the remaining digits identify the specific account.
How to Get or Check Your MMID Number Online?
Most banks allow users to generate or retrieve their MMID number online through mobile banking apps or net banking portals. You can usually find this option under the IMPS or fund transfer section.
Understanding what MMID means helps in making mobile transactions safer and more efficient.
It eliminates the need for lengthy account details while maintaining strong transaction security. For anyone using IMPS, the MMID number is an essential part of smooth and quick fund transfers.
