What is otp transfer?

"OTP SMS" which is one of the Smart Pin family, is a system to send to your mobile phone a "one time password" for your all money transfer and payment operations and Internet Banking login. You or any other person can't use for a second time these five digit one time passwords generated by OTP SMS.

OTP is a six-digit numerical code sent in real time as SMS to your registered mobile number while performing the transaction. OTP is mandatory for authorizing the following transactions: Registration of beneficiary bank accounts of other banks. Bill payments.

Now shop online using ICICI Bank Debit Card and experience a faster and convenient checkout option with One-Time-Password (OTP).

OTP Bank, online transfer from card to Visa or MasterCard card of any bank of Ukraine for 1 minute ✓ PCI DSS Protection ✓ get bonuses for each transfer.

Another way to transfer fund is UPI, For this first you have to register you account on any banks UPI Apps by providing debit card details and authenticate it by OTP"" ·" : "There are certain methods available where you do not require One Time Password (OTP)"What is meaning of OTP in the banking field? - Quora"""Can I transfer money from SBI online without OTP"""What is an OTP in FirstBank online banking? - Quora"""How to do banking transactions without an OTP - Quora

Domestic transfers – diverse methods of payment for companies · One-off, standing and future value date transfer orders · Prompt, bill and future date orders