MMID Means in Banking – Full Form & Simple Explanation (2026)
In banking, MMID stands for Mobile Money Identifier. It is a 7-digit unique number used for IMPS money transfers through mobile banking.
Quick Summary
- Full form: Mobile Money Identifier
- Digits: 7-digit number
- Used for: IMPS fund transfer
- Linked to: Bank account + mobile number
What Is MMID in Banking?
MMID is a unique code issued by your bank that links your bank account and registered mobile number. It allows you to send or receive money instantly using IMPS without sharing full bank details.
Where Is MMID Used?
MMID is mainly used in:
- IMPS (Immediate Payment Service)
- Mobile banking fund transfers
- Person-to-person (P2P) transfers
How MMID Works (Simple Example)
To receive money via IMPS using MMID, you need to share:
- Your mobile number
- Your MMID
The sender enters these details, and the money is credited instantly.
How to Get MMID from Bank
You can get your MMID by:
- Logging into your mobile banking app
- Sending an SMS (if supported)
- Visiting your bank branch
- Checking your bank’s welcome kit
Some banks issue one MMID per account, while others may issue multiple MMIDs.
Difference Between MMID and IFSC
| Feature | MMID | IFSC |
|---|---|---|
| Digits | 7 | 11 |
| Used for | IMPS | NEFT / RTGS |
| Linked to | Mobile number + account | Bank branch |
| Speed | Instant | Scheduled / real-time |
FAQs
Q. Is MMID still used in 2026?
A. Yes, but usage has reduced due to UPI. IMPS with MMID is still supported.
Q. Can money be sent without MMID?
A. Yes, via UPI or IMPS using account number & IFSC.
Q. Is MMID confidential?
A. Yes. Share it only with trusted persons.
Security Tips
- Do not share OTP or MPIN
- Use official banking apps only
- Check beneficiary details before confirming transfer
Conclusion
MMID in banking means Mobile Money Identifier, a 7-digit number used for IMPS instant money transfers. While UPI is more popular today, MMID is still a valid and secure option for mobile-based fund transfers.
