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2-Factor Authentication (2FA) is an additional layer of security that protects your account from unauthorised access. With reference to Exchange Circular, the two-factor authentication for the trading account is mandatory from 30th Sep 2022.
What are the two factors of authentication?
a) Knowledge factor (something only the user knows): – Password
b) Possession factor (something only the user has): – OTP/TOTP
How to log in for the first time post-Two Factor Authentication implementation?
1) Enter your User ID & Password.
2) Generate OTP by clicking on “”Get OTP””.
3) Enter OTP and log in.
Once logged in, you can enable Biometric or use an authenticator like Microsoft or Google Authenticator to log in instead of requesting an OTP every time before login.
What is TOTP?
TOTP stands for ” time-based one-time password”. This TOTP is valid only for a short duration (Usually 30 Seconds) and is regenerated every 30 seconds. A user would have to download any authenticator app like Microsoft authenticator, or Google authenticator on their smartphones. These applications are available on the Play store and app store. TOTP is generated by an authenticator app installed on your smartphone.
Please find below the document link to explain the login process using two-factor authentication: https://finvasia.com/downloads/two_factor_authentication.pdf
Please find below the video link: https://www.youtube.com/watch?v=pFSKGws2JLw
If your question wasn’t answered above, we’re here for you. Reach out to our team for assistance.