In this post, you will know what is OTP . Whenever you make any transaction online or create an account from your mobile or PC, an OTP code comes in the mobile for your verification.  Which is confirmed as your transaction or account is created.  In today's digital world, most of the work has gone online whether it is to recharge mobile or withdraw money from ATM.  Now most of the work is being done online and OTP is being used to increase their security, especially in money matters.  You must also have used OTP at some point when it comes to money transactions.

OTP code
OTP code

Especially on online transactions, everyone is worried about security because transferring money online is as easy as it is risky, so security concerns are bound to happen.  But now if you make any transaction, then you are given OTP option as extra security, which can be avoided to a large extent.  Apart from this, OTP is also used for verification of account like you create an account in a website or app.  So to verify you, a One Time Password is sent to your mobile, which after entering your account is created.


 What is OTP ?

 For your information, tell us the meaning of OTP and full form is One Time Password, it is also your password in a way but this code is only generated once in a while.  Whenever you do an online transaction, a 6-digit code is sent to your register mobile at that time, which is called OTP.  A new OTP is sent by the system in every transaction.


 Meaning every time you make a transaction, you will get an OTP of new digit each time.  One Time Password implies by its name that it is a one-time password that is sent to your registered mobile or to your email ID.  It is not just limited to the bank, it is used in Google account, Amazon, Flipkart and many websites, apps.


 Why OTP is required ?

 Whenever we create an account in a website or app, most people create a simple username and password.  Like, often people make their date of birth or mobile number their password and this is their biggest mistake.  Because hackers target such an account with easy username and password.


 In many cases, this happens as if someone you know already knows your username and password.  In such a situation, he can easily access your account and take advantage of it incorrectly.  To solve this problem, all banks, e-commerce websites, online wallet paying, have started using OTP.  Without this you can neither reset the main password nor do any online transaction of money.


 Uses of OTP

 The best part of this OTP is that the OTP code sent from the system to the mobile can be used only once and it remains valid for some time.  If this code is not used within its time, then it is of no use.


 In every transaction, a new OTP is sent by the system to your mobile.  That is, all the online transactions that we do will come in different OTPs, this makes your account even more secure.


 If someone gets to know your account username and password, then they will not be able to take advantage of your account incorrectly.  Because to access the account completely, OTP is required which only comes in your mobile.


 Where is OTP used ?

 Today, almost all banks have started the process of OTP for online money transactions.  Even now you have to enter One Time Password to withdraw more than 10 thousand money in ATM.  With this, even if someone knows your card and PIN, he will not be able to use it wrongly. OTP is proving to be the most effective in the banking sector.


 Google has also started sending OTP to secure its user account.  If you activate it, no one will be able to access your account without you, because Google sends a One Time Password to your mobile account to login, which only you will know.


 Apart from all these, e-commerce companies like Daraz, Amazon, Flipkart, Snapdeal, Ebay and all the wallets paying online like IME Pay, E-sewa, Khalti, E-net pay, Paytm, Jio Money, Phonepe, Freecharge etc. send OTP to your registered mobile number on all payments.  In this way, OTP has become an important process in the online world.


What are the advantages of OTP? 

  1. This is a type of security code that protects your account even if the password and username are stolen.
  2. This authenticates the real user of the account.
  3. It provides double security like social media accounts of some people get hacked these days but if they enable the feature of OTP in their account login.  So only they can log their account.
  4. OTP is absolutely free, for this you do not need to pay any kind of fee.
  5. This is the fastest way to identify your original user.


 So now you must know what OTP is. Often in the message of One Time Password it is said not to share it with anyone because it is a password which is very important for any transaction.  And it is generated only for a time and it is very sensitive, so you should not tell OTP even when someone else asks.  Fraud people often ask for this OTP so that they can control your account, so you should not share the OTP with anyone.  So hope that this information will prove to be informative for you.