What is mmid in bank account

MMID stands for Mobile Money Identifier. It is a unique 7-digit number issued by banks in India to customers registered for mobile banking. Linked to a specific bank account and mobile number, it enables instant interbank fund transfers via the Immediate Payment Service (IMPS). Key features include:

• Secure identification without sharing sensitive bank account numbers or IFSC codes.
• The first four digits identify the specific bank, while the remaining three digits are unique to the account.
• Facilitates seamless 24/7 money transfers using just a mobile number.