How To Create Federal Bank Upi

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Federal Bank UPI PIN - Create & Reset

Updated on: 2021-10-27 11:33:35

Federal Bank provides UPI (Unified Payments Interface) service using which you can quickly and easily access your Federal Bank accounts on your mobile and perform financial transactions. Federal Bank UPI is a very useful service so that you can perform all financial transactions directly on your mobile instead of visiting the branch or ATM.

But to perform transactions via Federal Bank UPI you have to create a secure banking PIN called as the Federal Bank UPI PIN. This PIN helps you perform all financial transactions on your mobile and keeps your account safe as without knowing your UPI PIN no one can transact from your account.

To generate Federal Bank UPI PIN you don't have to visit the branch or ATM and can instead quickly create your Federal UPI PIN online using our mobile app. After downloading our mobile app you can immediately create UPI PIN for your bank account and instantly start performing financial transactions from your Federal Bank account.

You can perform following types of transactions after creating Federal Bank UPI PIN:

Check account balance
Instant fund transfer to anyone in India in real-time. Transfer upto Rs. 1,00,000 per day
Credit card bill payment
Electricity bill payment
Gas bill payment
Mobile recharge & mobile post-paid bill payment
DTH recharge
Mediclaim (Health Insurance) premium payment
Buy insurance
Donate money
Book fixed deposit

How to create your Federal Bank UPI PIN:

Download Cointab app for Android or iPhone
Install app using mobile number which is registered in your Federal Bank account. One SMS will be sent from your phone to verify your mobile number
Select Federal Bank for BHIM registration
All your bank accounts will be registered and activated for Federal Bank BHIM services
Select Generate UPI PIN option
Enter your debit card last 6 digits and expiry date
You will get OTP from Federal Bank for creating your UPI PIN
Enter UPI PIN you want to set
Confirm UPI PIN again
Your UPI PIN will be registered with Federal Bank and you can now use it to perform financial transactions on your mobile

After this your Federal UPI registration process is complete and you can start performing BHIM UPI transactions such as account balance check, transfer money to anyone in India, payments, recharge, bill payment, etc.

UPI PIN Features

Create Federal Bank UPI PIN online

UPI PIN can be created online using our mobile app. This is the biggest advantage of UPI wherein the secure banking PIN can be generated directly on your mobile without visiting the branch or ATM.

Separate UPI PIN for each Federal Bank account

If you have more than one account with Federal then you have to generate a separate UPI PIN for each account. This ensures that your Federal Bank BHIM PIN remain fully safe and secure and no one can transact on your behalf.

Mandatory for any financial transaction

The biggest safety feature of Federal UPI PIN is that it is required for each transaction. Meaning, for performing any financial transaction you have to authenticate yourself with the help of Federal Bank BHIM PIN. Without entering your Federal Bank UPI PIN no transaction can go through. This ensures your Federal Bank account remain 100% safe and only you perform transactions from it.

Easily regenerate UPI PIN if you forget your old PIN

If you ever forget your Federal UPI PIN then you can easily create a new UPI PIN using our app. You don't have to register a new PIN request with Federal Bank. By using our mobile app you can directly create a new UPI PIN and start performing transactions again.

Easily change UPI PIN

If you ever want to change your Federal BHIM PIN for any reason, you can easily do so using our mobile app. Without going to the branch or ATM you can easily change your UPI PIN. After changing your Federal Bank BHIM PIN you have to use your new PIN while performing transactions.

UPI PIN Benefits

One can enjoy multiple benefits from Federal Bank UPI PIN service:

Time saving: As Federal Bank 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 Federal Bank 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 Federal Bank UPI PIN. Transactions are processed as success only if you enter your correct UPI PIN. If you enter incorrect Federal Bank BHIM PIN then your transactions will fail.

Multi Purpose: Federal 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 Federal Bank account.

Security of UPI PIN

Federal Bank UPI PIN service is fully secured in following ways:

UPI registration for your Federal Bank accounts can only be done on your mobile due to linking of your mobile number with your bank account
To use Federal BHIM services, you have to create a new UPI PIN using your debit card
To perform financial transaction you have to use your Federal Bank UPI PIN. Without this PIN, no transaction will go through
You can also set up app password so that no one can even open the app without knowing your app password
You can also create a PIN or pattern lock for your phone so that no one can open your mobile

Timing of UPI PIN Generation Service

As banking is extremely crucial in day to day life, Federal Bank UPI services can be used on all days, including Saturday and Sunday
Main benefit of Federal Bank BHIM is that you can use it at night as well
For your convenience, Federal Bank UPI facility is available even on bank holidays and public holidays
Federal Bank BHIM services are available throughout the year

UPI PIN Generation Service Eligibility

In order to use Federal Bank UPI PIN generation service you must meet the following requirements:

A savings or current account with Federal Bank
Mobile number should be registered with Federal Bank
ATM/Debit Card associated with your Federal account
Android or iPhone mobile phone
Internet connection either via SIM card or WiFi

Create UPI PIN Service limitations

Please keep in mind the following limitations of Federal Bank UPI PIN creation service:

It will not work if your mobile number is not registered in Federal Bank
You cannot use it if you don't have a Federal Bank atm/debit card
Without Android or iPhone mobile phone, it will not work
Without internet connection, it will not work
One can only transfer upto Rs. 1,00,000 per day per Federal account under UPI facility