You can have the extra security as free-of-charge.

You don't have to remember an additional password for extra security.

It can't be used again even if it is obtained by others.

Your password sent by the OTP SMS can be used only once.

It provides a two stage security for your risky operations.

You need to delete the check at the box near 'Always request Smart PIN for this receiver' line. Once you have used the OTP SMS one time, the OTP SMS recognizes the account you are making a money transfer to and you don't have to use any more 'OTP SMS confirmation password' for the money transfers you are going to make to the same account later on. You have to use an OTP SMS confirmation password only when you are making for the first time a money transfer to an account. Meaning that the OTP SMS password you have used for one of your transactions can't be used for a second time by you or another person.

The passwords generated by the OTP SMS are one time passwords. By using a one time password that is sent to your mobile phone in addition to your user ID and static password, you have a high level security. OTP SMS provides a 2 stage security while utilizing Internet Banking. Transmission fee of your one time password to your mobile phone is paid by our Bank. You don't have to pay any charges for the OTP SMS. Money transfer to other accounts / future date money transfers.Payment of our bank's credit cards in the name of others,.Payment of Worldcards in the name of others.

You can use the OTP SMS for the following operations: You or any other person can't use for a second time these five digit one time passwords generated by OTP SMS. '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. OTP SMS is a system that sends one time password to your mobile phone for your all transaction approvals and Internet Banking login.

What does otp mean