MMID full form and MMID explained complete guide

In India, online banking is growing day by day. There is hardly any need for any lieterate techy user to visit the bank for transferring funds. Everything can be managed with a single click sitting at home. Are you fully aware of the internet banking & mobile banking? You can carry out IMPS transactions using MMID instantly.

MMID full form

MMID full form is Mobile Miney Identifier. You can call it the ‘modern day’ banking service which can be managed on your desktop, laptop or mobile phone devices. Almost all banks across the nation have actively launched their personal online portals with an aim to facilitate banking options such as fund transfer, balance check, bill payments and a lot more.

MMID Full Form


MMID full form is Mobile Money Identifier. It is a seven digit code generated by the bank to allow users to carry out transactions using the mobile number without disclosing the account number and IFS code.

IMPS and Its Basics

What is IMPS?


IMPS is a smooth online money transfer facility which was introduced in 2010, after the launch of NEFT and RTGS. With the help of IMPS, an individual can transport funds on a real-time basis. For transferring money using this scheme, all you require is the beneficiary’s account number along with his/her mobile number.

Currently, IMPS fund transfer through IFSC and bank account information is seen as a primary medium to share funds. It allows you to send money to anyone managing a banking account at any of the banks functional in India. In order to execute IMPS, you would require an internet connection along with mobile-banking or net banking credentials.

The use of MMID is associated with IMPS and is an essential element for transferring funds using this present-day banking facility.

Concept of IMPS and MMID

For using IMPS service, an individual must have a bank account which is linked to access mobile banking facilities with the target bank. In case you haven’t listed your mobile number with the bank account, visit the primary bank branch and present a filled mobile banking application form for the activation of this service.

What is MMID?

The moment you list your mobile number with the target bank, it will give an exclusive seven-digit code (MMID) that would prove helpful for making instant transfers via IMPS.

What is MMID full form?

Mobile Money Identification Number or MMID, is a 7 digit number which allows an individual to use immediate payment service (IMPS) via mobile number or SMS. The initial four digits highlight the distinctive identification number linked to the bank providing IMPS facility.

In case you hold many bank accounts, the concerned bank will assign an exclusive MMID number for distinctive bank accounts. Your MMID code or number is an evident grouping of the account number as well as mobile phone number; hence, one can easily decrypt which code resembles to which account.

In today’s time, there are several different methods to create your MMID code. This mostly depends on the type of bank taken into consideration. In India, several banks automatically generate the MMID code whenever an individual registers his/her mobile number for availing the facility of mobile banking. On the contrary, there are some banks which sanction the generation of the MMID seven-digit code through an SMS appeal or online request with the help of net banking access.

What Makes MMID So Important?

These days, we can transfer money to any account using the IFSC and bank account number through RTGS and NEFT. However, these two methods of money transfer do hold some limitations. One of the basic restrictions includes the non-availability of NEFT and RTGS for a 24×7 cycle. In order to overcome this limitation, the IMPS fund transfer scheme was devised.


The primary thinking was connected to mobile number which cannot be shared with one or more individuals. Furthermore, no two people can possess the same mobile number. As a result, this number can be actively used to identify an individual and his bank account. This later facilitated the money transfer process to be successful without any knowledge about the bank account number.


However, this system also had an issue. One mobile number can readily be linked to many bank accounts. Therefore, to tackle this matter, the concept of MMID was introduced. MMID is specific to a single bank account. There is no chance that two bank accounts can have the same MMID.


Over the years, IMPS facility has grown to become a successful mobile banking platform. Moreover, the recently introduced UPI is also framed or influenced by the IMPS platform.

How to Acquire MMID ?

Since we know that a single bank account would have a separate MMID. But the banks aren’t permitted to reveal or flash your MMID automatically. They provide the MMID only when the customer asks for it. Usually, it is provided or enclosed with the mobile banking kit. Interestingly, the MPIN is also an essential part of this kit. For getting hold of MMID and MPIN, the individual should activate his/her mobile banking facility.

One must always remember the difference between MPIN and MMID. The need for MMID is concerned with the fund transfer process through mobile banking, whereas, MPIN is required to transfer money via mobile phones.

Mobile Banking Registration


The use of MMID is possible only if you are registered for mobile banking. Hence, this step forms the foundation for carrying out IMPS transactions.

Generally, there are four ways to achieve mobile banking registration.

  • Visit the bank branch and ask for the mobile banking form. Fill it and submit
  • you’ll be offered the MMID and MPIN directly at your communication address.

The bank’s ATM is another source from where you can access mobile banking registration.

  • Post the confirmation you would be offered an SMS containing MPIN and MMID.
  • Your smart phone’s banking mobile app can also be used to generate the new MMID.
  • The internet banking facility offered by your bank is another simple way to generate MMID.

Transfer Money Using MMID

  • Access your mobile banking app.
  • Enter the fund transfer section and click on IMPS.
  • Feed the account and mobile number along with MMID code associated to the beneficiary.
  • You may be needed to verify the transaction using MPIN or OTP.
  • The transferred amount gets deducted from your bank account and directly adds to the beneficiary’s account within seconds.
    An SMS notification is offered from the bank containing the transaction details. Always make sure to safeguard the reference code. This helps in tackling any sort of error linked to the transaction.

IMPS Transfer Using SMS


Since you are already aware of MMID full form and its usage, here is another fund transfer mode under mobile banking using this code that functions without the need of an active internet link. Yes! IMPS can be accessed through the SMS format. However, this process might vary depending on the bank you hold an account with. Usually, the basic SMS banking format using MMID includes:

IMPS Transfer Sources

Different IMPS Transfer Sources


Apart from MMID and SMS mode, there are several different channels available which allow an individual to send money via IMPS. It includes the use of account number and IFSC and ATMs. Always remember that, there is a need to pay a transaction fee in order to transfer funds through these methods.

IMPS Fund Transfer: Bank Account & IFSC

  • Access internet banking by offering username and password
  • Visit the home page and click on the funds transfer section
  • Select IMPS transfer using IFSC & bank account
  • Add the details of the beneficiary such as account number, bank branch, IFSC code and transaction amount
  • Verify the details and finally confirm the payment
  • Once the process is completed, a confirmation SMS would be sent to the remitter

IMPS Transfer Through the ATMs

  • Visit any of your bank’s ATM
  • Click on the language you prefer and enter your pin
  • Move to the main menu, click on other services and select fund transfer. From here move to IMPS fund transfer
  • The mobile number of the beneficiary is required here
  • Proceed to feed the MMID and transaction amount
  • Verify the added information and select the account from which the money would be debited
  • Click to finally confirm the transaction