How to get one time password (OTP) for Credit / Debit Card Purchases?
Credit Cards / Debit Cards are becoming the most popular purchasing tool all over the world. Online Purchases and Transactions are made easier with credit and debit cards. But still, there occurs a chance of misuse of your credit and debit cards when stolen or missed. Hence, securing your transactions is necessitate. To make your transactions more secure, banks have introduced a secondary authentication process named as OTP (One Time Password).
Bank of Baroda
Indusind / Deutsche Bank
Punjab National Bank
Kotak Mahindra Bank
Union Bank of India
Standard Chartered Bank
State Bank Of India
OTP is a one time password generated for transactions and is valid only for one login/transaction session. It was introduced to secure your financial transactions and to avoid certain misusages. It is valid for only a limited period of time (from 1 to 24 minutes) based on the banks. One Time Password will be generated automatically to your registered mobile number / email id with the bank while any purchase is done through your credit cards/debit cards. It can also be generated earlier before you perform any IVR transaction and can be used for your first purchase, which is named as Pre-OTP.
This tutorial will help you to learn how to generate OTP for your IVR transactions via SMS, phone or through websites of different banks.