What is transaction password in indian bank?

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6 answer(s)
Answer # 1 #

A transaction password (or TPIN) is a secondary password used for authenticating financial transactions in Indian banks, separate from the login password.

[26 Day]
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Answer # 2 #

It is required for online operations like: - Fund transfers (NEFT, RTGS, IMPS) - Bill payments - Mobile recharge

[23 Day]
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Answer # 3 #

Some banks also provide OTP (One-Time Password) in combination with the transaction password for enhanced security.

[4 Day]
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Answer # 4 #

It is usually 6-8 digits long, and should be kept confidential. Sharing it can lead to unauthorized transactions.

[10 Day]
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Answer # 5 #

Most banks allow you to set or change the transaction password via net banking, mobile banking, or ATM.

[16 Day]
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Answer # 6 #

The transaction password provides extra security, ensuring that even if someone has access to your login credentials, they cannot perform transactions without it.

[17 Day]
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