What is IPIN in Mobile Banking?
5 June, 2025
Synopsis
IPIN stands for Internet Personal Identification Number.
IPIN is like a password that grants access to banking services while securing financial transactions.
IPIN protects your account against phishing and helps comply with regulatory banking standards.
In today’s digital age, you can shop online, pay your bills using online platforms and generally manage all your finances through various mobile apps and websites. This makes safeguarding your online financial transactions more essential than ever. One key tool in enhancing this security is the use of IPINs. This article sheds light on what is IPIN, its role in mobile banking, and how it enhances security while ensuring convenience.
What Is IPIN In Mobile Banking?
Short for Internet Personal Identification Number, an IPIN is a unique numeric code used to authenticate users of online banking services. The IPIN acts as a password, granting you access to various online banking facilities, while ensuring the security of your financial transactions conducted through mobile banking apps or websites.
You are typically required to create your IPINs during the net banking registration process. Also, you must keep them confidential to prevent unauthorised access to your accounts.
Importance of IPIN in Mobile Banking
Having explained what is IPIN, let’s understand its significance for online transactions:
Authentication
IPIN serves as a means of authentication in mobile banking, ensuring that only authorised users with the correct credentials can access their accounts and perform transactions. This helps prevent unauthorised access and protects user data from falling into the wrong hands.
Transaction Security
When you initiate a transaction, you are often required to enter your IPIN to authenticate it. This two-factor authentication (2FA) adds an extra layer of security, reducing the risk of fraudulent transactions. Even if someone gains unauthorised access to your account, they would still need the IPIN to complete the transaction.
Confidentiality
IPINs are designed to be kept confidential, known only to the account holder. Mobile banking apps employ encryption techniques to securely store and transmit IPINs, minimising the risk of interception by cybercriminals. This confidentiality ensures that you can conduct financial transactions securely, knowing that your sensitive information is protected.
User Empowerment
By insisting that you create a unique IPIN, your bank empowers you to protect your accounts and unlock them using a secret code only you know. This reduces the likelihood of financial losses due to financial frauds and cybercrime, while fostering trust and confidence in mobile banking platforms.
How IPIN Enhances Security
Here are some ways IPIN safeguards your mobile banking platforms:
Protection Against Phishing
IPIN adds an extra layer of protection against phishing scams by requiring you to enter a unique numeric code. Even if you fall victim to a phishing attempt and disclose your username and password, the cybercriminal would still need the IPIN to access the account.
Mitigation of Account Takeover
IPIN mitigates the risk of account takeover by acting as a barrier that prevents unauthorised individuals from accessing the account. This simple 4 or 6-digit PIN stands in the way of cyber criminals, foiling their attempt to fraudulently access your vulnerable financial data.
Compliance with Regulatory Standards
By implementing IPIN as part of their security protocols, mobile banking providers can demonstrate compliance with regulatory requirements and uphold the trust of their customers.
Use IPIN To Authenticate All HDFC Bank Transactions
At HDFC Bank, we take all the necessary measures to ensure your financial data is always safeguarded. While we deploy complex, robust, and sophisticated online banking solutions and use strong protective firewalls to avoid unauthorised access, we also require our customers to follow the necessary internet banking etiquettes to protect their accounts. So, when you open your HDFC Bank Savings Account, remember to set strong passwords and IPINs. Get started today.
*Disclaimer: Terms and conditions apply. The information provided in this article is generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances.
