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SSC CHSL 2023 PYQ — Question 46

SSC CHSL - 11 Aug 2023 - Shift 4 • General Awareness • Q46

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How many digits does the MMID code of any commercial bank have?
 

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Correct answer: A

Explanation

The correct answer is option 1 i.e. 7.

The MMID (Mobile Money Identifier) code of any commercial bank in India consists of 7 digits.

MMID is a unique 7-digit number assigned to a customer by their bank for the purpose of conducting mobile banking transactions, specifically under the IMPS (Immediate Payment Service) system .

To generate an MMID, customers need to request it from their bank, which is usually available via mobile banking apps or through the bank’s customer support.

  1. 7 digits: The MMID is 7 digits long, and the combination of a customer’s mobile number and MMID ensures uniqueness.

  2. Security: It adds an extra layer of security to the mobile payment system.

  3. Usage: MMID is used in IMPS for transactions, especially for transferring funds between banks using mobile numbers.