What is OTP? What is the use of OTP? | Axis Online Guide

By | May 17, 2017

What is OTP?

The Full-form of OTP is One Time Password, which is an automatically generated numeric  value that authenticates the user for the single transaction or single session.

What is the use of OTP?

An One Time Password is more secure than a static password, especially compared to an user created password, which is typically weak.

Now a days almost all banks are using this One Time Password for security reasons.

OTP

  • One Time Password tokens are usually a small text message with a 6 digit number.
  • An One Time Password can be sent directly to the user registered mobile number.
  • One Time Password is either a 4 digit or 6 digit numeric value or number depending up on the Service provider.
  • This number changes for every 30 or 60 seconds, depending on how the token is configured.
  • One Time Password’s are used in addition to the login information to add more security for successful login or transaction.

Some times user may not get One tome password quickly, then the user can have one more option Resend One time password.

Axis Internet Banking

If the user still unable to get the password then user has to click on oncall otp which will send the user an automated call for password.

Axis Internet Banking

Hope you can understand a little bit about one time password.

If you have any queries related to this please fell free to comment below.

References:-

  1. wikipedia – https://en.wikipedia.org/wiki/One-time_password
  2. techtarget – http://searchsecurity.techtarget.com/definition/one-time-password-OTP
  3. lifewire –  https://www.lifewire.com/otp-acronym-meaning-3486061

 

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What is OTP? What is the use of OTP? | Axis Online Guide
Article Name
What is OTP? What is the use of OTP? | Axis Online Guide
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OTP is an automatically generated numeric value that authenticates the user for the single transaction or single session.
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axis online guide
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