Algorithms are used to generate OTP. It uses two types of inputs, the first is the sid and the second is a static value that never changes. This is generated when you create a new account somewhere.
When you login to an online banking or financial website or create an account on any important website, you are sent an OTP for verification, only then you can create an account.
In today's article we are giving you information about OTP. What is OTP? What is the full form of OTP? Why is OTP used? The purpose behind this start? We will give information about how to generate OTP etc.
What is OTP ?
The full form of OTP is One Time Password which means when you set a password in any bank, the OTP comes to your mobile and it is not verified until you fill another password in the empty box. OTP is usually 6 digits long.
Moreover, if you make any online payment, an OTP will be sent to your mobile to complete the transaction, only after filling it, your payment can be completed. If you enter wrong OTP here, your payment will not be processed, so OTP is very important for online transactions.
Without it, you will not be able to transact money online. If you have created an account on apps like Iseva, Khalti, Phonepay, here too an OTP will be sent to your mobile and your account will not be activated until you enter there.
So, we can say that OTP is very important in today's online world, through it you can send money to any person anywhere and if you shop online, you can pay at home. No need to go anywhere for that.
How to generate OTP ?
Apart from this, you must have seen, many times it happens that you have received the OTP on your mobile but you are delaying to verify it. In this case, the OTP will not be valid and a new OTP will be sent. Now a question may come in your mind that how does this happen, as moving factor process is used in this, the OTP is not valid if it is not used on time.
The most important thing is that any OTP is valid for 30 minutes, after which it expires.
Why is OTP used ?
OTP password is more secure and strong than other passwords and it is very difficult for any hacker to crack OTP.
OTP is sent to you on your mobile or email, so what is the OTP number? Only you can know about it, nobody else knows about it. Because of this, the user's account remains completely protected.
Do not share OTP with anyone
You must have often received the message "Don't share your OTP". This means that if you have received the OTP on your mobile then you should not share it with any unknown person. Even if the bank asks you about it, you don't have to tell it because the bank warns people not to share their OTP key with anyone.
Many times it also happens when you get a call or a message on your mobile where it is written that you have won a prize of so much rupees and as soon as you click on that link the OTP comes on your mobile. After this you will be asked what OTP has been received. If you make the mistake of sharing your OTP, money can be stolen from your bank account, so you should always stay away from such things.
What are the benefits of OTP ?
Increases security
This is a security shield, the main reason for using it is that even if your password is stolen or someone gets the information about it, they will not be able to access your account because to access the account you have to enter the OTP first and the OTP is always registered mobile. number, in this case that person will not be able to withdraw money from your account.
To get user authentication
Authentic user is authenticated with the help of OTP. Because the OTP goes only to the registered mobile number of the user. If the correct user is doing any activity through his account like changing password, updating mobile number then he will receive OTP on his mobile and only through this he will be able to complete all the work.
Can be protected from fraud
When we do any kind of online transaction, any bank financial institution will send OTP to your registered mobile. After which you have to verify it. Only after that your transaction will be completed. Therefore, OTP helps avoid online fraud in any type of financial transaction.
You can enable double security
Apart from our bank account, we can enable double security on our social media accounts like Google, Facebook, Instagram, Twitter etc through OTP. So that your account can become more secure and no one else can access your account.
You can use it for free
You don't need to pay any money for OTP, you can use it for free.
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