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MGB UPI PIN - Create & Reset

MGB UPI (Unified Payments Interface) facility provides an easy and quick way to access your MGB account on your mobile and perform transactions from it. But in order to perform any financial transaction you need to create MGB UPI PIN for your account. This is a secure PIN which helps you safely perform transactions from your MGB account.

MGB UPI PIN can be created online and you don’t have to visit the branch or ATM for generating it. To create UPI PIN all you need is a debit or ATM card which is linked to your bank account. You can download our mobile app and then quickly create your Maharashtra Grameen Bank UPI PIN and start performing transactions from your bank account.

After generating your MGB UPI PIN you can perform following types of transactions:
  1. Check account balance
  2. Instant fund transfer to anyone in India in real-time. Transfer upto Rs. 1,00,000 per day
  3. Credit card bill payment
  4. Electricity bill payment
  5. Gas bill payment
  6. Mobile recharge & mobile post-paid bill payment
  7. DTH recharge
  8. Mediclaim (Health Insurance) premium payment
  9. Buy insurance
  10. Donate money
  11. Book fixed deposit

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How to create your MGB UPI PIN:

  1. Download Cointab app for Android or iPhone
  2. Install app using mobile number which is registered in your MGB account
  3. Select MGB for BHIM registration
  4. All your accounts will be registered and activated for MGB BHIM services
  5. Select Generate UPI PIN option
  6. Enter your debit card last 6 digits and expiry date
  7. You will get OTP from MGB for creating your UPI PIN
  8. Enter UPI PIN you want to set
  9. Confirm UPI PIN again
  10. Your UPI PIN will be registered with MGB and you can now use it to perform financial transactions on your mobile

After this step your Maharashtra Grameen Bank UPI registration process is over. You can then immediately start performing all your banking transactions on mobile such as account balance check, transfer money to anyone in India, payments, recharge, bill payment, etc.

Features of UPI PIN

Create MGB UPI PIN online

Without visiting the branch or ATM, you can create your own UPI PIN using our mobile app. This feature enables you to create your own PIN on your own mobile, making it completely flexible and secure.

Separate UPI PIN for each MGB account

For customers who have multiple accounts with Maharashtra Grameen Bank, they have to create separate UPI PIN for each account. As each account will have a separate PIN, you can be 100% assured about the safety of your account and can easily perform financial transactions using your MGB BHIM PIN.

Mandatory for any financial transaction

Most important safety feature of Maharashtra Grameen Bank UPI is the use of UPI PIN during each transaction. This ensures that you have to use your secret banking PIN during each transaction and your transactions will go through only if you enter correct UPI PIN for every transaction. This ensures that your MGB account remains 100% safe and secure and no unauthorized personnel can transact on your behalf.

Easily recreate UPI PIN if you forget your old PIN

Sometimes you may forget your Maharashtra Grameen Bank UPI PIN and may want to generate a new MGB BHIM PIN. For such cases, you can easily create a new UPI PIN using our app. You don’t have to visit the branch or ATM and can instead create a new UPI PIN directly on your mobile.

Easily change UPI PIN

Due to some reason if you want to change your MGB BHIM PIN then you can use our mobile app for instantly changing your Maharashtra Grameen Bank UPI PIN. Your new PIN will be immediately registered in your MGB account and you can use it for performing financial transactions.

UPI PIN Benefits

One can enjoy multiple benefits from MGB UPI PIN service:

Time saving: As MGB UPI PIN can be generated on your mobile using our app, you can save a lot of time which otherwise would have gone in visiting the branch or ATM to generate a banking PIN. After creating your own MGB BHIM PIN you can immediately start performing transactions using UPI.

Security: All UPI transactions are 100% secure due to linking of your account on your mobile number and your MGB UPI PIN. Transactions are processed as success only if you enter your correct UPI PIN. If you enter incorrect MGB BHIM PIN then your transactions will fail.

Multi Purpose: Maharashtra Grameen Bank UPI allows you to perform multiple transactions such as balance check, fund transfer, recharge, bill payment, etc. so that in one single place you can manage your MGB account.

Security of UPI PIN

100% security for MGB UPI PIN service is ensured in the following ways:

  1. UPI registration for your MGB accounts can only be done on your mobile due to linking of your mobile number with your bank account
  2. Before using Maharashtra Grameen Bank BHIM services, you must create a new secure UPI PIN using your debit card
  3. While performing transactions on your mobile you have to use your MGB UPI PIN. No transaction will go through without this secure UPI PIN
  4. App password can be created so that no one can even open the app without knowing your app password
  5. PIN or pattern lock can be created for your phone so that no one can open your mobile

UPI PIN Creation Services Timing

  • You can use MGB UPI services on all days, including Saturday and Sunday
  • MGB BHIM can be used at night as well
  • As banking is very crucial, you can use MGB UPI facility even on bank holidays and public holidays
  • You can use MGB BHIM services throughout the year

Eligibility for using UPI PIN Creation Service

To use MGB UPI PIN creation service you have to meet the following requirements:

  • You should have a savings or current account with MGB
  • Your mobile number should be registered with MGB
  • You should have a atm/debit card associated with your Maharashtra Grameen Bank account
  • You should have Android or iPhone mobile phone
  • You should have an internet connection either via SIM card or WiFi

Limitations of UPI PIN Generate Service

Following are the limitations of MGB Create UPI PIN service:

  • It will only work if your mobile number is registered with MGB
  • It will not work without an active MGB atm/debit card
  • It will not work without Android or iPhone mobile phone
  • It will not work without internet connection
  • You can only transfer upto Rs. 1,00,000 per day per Maharashtra Grameen Bank account under UPI facility

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