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Axis Bank Introduces Mobile OTP – A Game Changer for Secure Banking!

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ajijul_93rahman

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🚀 Axis Bank is rolling out a new security feature – Mobile OTP! 🚀

If you use Axis Internet Banking, you know how important OTPs are for login and transactions. Until now, these OTPs were sent via SMS, but Axis Bank is now introducing Mobile OTP via the Axis Mobile App for a more secure and seamless experience.

What is Axis Mobile OTP?​

Axis Mobile OTP allows users to generate OTPs directly from the Axis Mobile Banking App, eliminating the need to wait for SMS-based OTPs. This is useful when you have network issues or delays in receiving OTP messages.

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How to Use Axis Mobile OTP?​

1️⃣ Download the latest version of the Axis Mobile App.
2️⃣ Complete registration within the app to enable Mobile OTP.
3️⃣ When logging in to Internet Banking, select the Mobile OTP option instead of waiting for an SMS.
4️⃣ Generate OTP in the app and enter it for secure authentication.

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Benefits of Axis Mobile OTP​

✅ Faster OTP Generation – No waiting for SMS delays.
✅ More Secure – Reduces risk of OTP interception via SIM swap fraud.
✅ Seamless Transactions – Works even when mobile networks are weak.
✅ Robust Authentication – Directly linked to your Axis Bank account.

Coming Soon!​

As per the Axis Bank website, this feature is coming soon, so keep an eye out for updates. You may need to update your Axis Mobile app once the rollout begins.

What do you think?​

🔹 Will this feature improve security and convenience for Axis customers?
🔹 Have you received the update in your Axis Mobile App yet?
🔹 Should more banks implement this feature?

Drop your thoughts below! 👇🔥

View attachment 83025
 
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SBI SECURE OTP App

When once you install n activate it on your mobile - AND - allow it in your INB (NetBanking) - no OTP is generated by the bank till you cancel this arrangement.

So, it is safer. Even some fraudster had cloned your SIM or installed
some spoofing software on your phone, since there is OTP coming via SMS, he can't see n do anything. To that extent, it is a safer option.
 
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ajijul_93rahman said:
🚀 Axis Bank is rolling out a new security feature – Mobile OTP! 🚀

If you use Axis Internet Banking, you know how important OTPs are for login and transactions. Until now, these OTPs were sent via SMS, but Axis Bank is now introducing Mobile OTP via the Axis Mobile App for a more secure and seamless experience.

What is Axis Mobile OTP?​

Axis Mobile OTP allows users to generate OTPs directly from the Axis Mobile Banking App, eliminating the need to wait for SMS-based OTPs. This is useful when you have network issues or delays in receiving OTP messages.

View attachment 83028

How to Use Axis Mobile OTP?​

1️⃣ Download the latest version of the Axis Mobile App.
2️⃣ Complete registration within the app to enable Mobile OTP.
3️⃣ When logging in to Internet Banking, select the Mobile OTP option instead of waiting for an SMS.
4️⃣ Generate OTP in the app and enter it for secure authentication.

View attachment 83027

Benefits of Axis Mobile OTP​

✅ Faster OTP Generation – No waiting for SMS delays.
✅ More Secure – Reduces risk of OTP interception via SIM swap fraud.
✅ Seamless Transactions – Works even when mobile networks are weak.
✅ Robust Authentication – Directly linked to your Axis Bank account.

Coming Soon!​

As per the Axis Bank website, this feature is coming soon, so keep an eye out for updates. You may need to update your Axis Mobile app once the rollout begins.

What do you think?​

🔹 Will this feature improve security and convenience for Axis customers?
🔹 Have you received the update in your Axis Mobile App yet?
🔹 Should more banks implement this feature?

Drop your thoughts below! 👇🔥

View attachment 83025
Click to expand...
this is a backward step
 
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RAMESH BABU N said:
SBI SECURE OTP App

When once you install n activate it on your mobile - AND - allow it in your INB (NetBanking) - no OTP is generated by the bank till you cancel this arrangement.

So, it is safer. Even some fraudster had cloned your SIM or installed
some spoofing software on your phone, since there is OTP coming via SMS, he can't see n do anything. To that extent, it is a safer option.
Click to expand...
That's a really useful feature, especially for people who travel frequently! ✈️ Avoiding SMS OTP issues while abroad is a big plus. Also, the added security against SIM cloning and spoofing makes it even better. Just curious—does the SBI Secure OTP app work smoothly on multiple devices, or is it locked to a single phone once activated?
 
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ajijul_93rahman said:
That's a really useful feature, especially for people who travel frequently! ✈️ Avoiding SMS OTP issues while abroad is a big plus. Also, the added security against SIM cloning and spoofing makes it even better. Just curious—does the SBI Secure OTP app work smoothly on multiple devices, or is it locked to a single phone once activated?
Click to expand...
I/we did not try on multiple devices.

We have multiple accounts (and related 3 logins). We have 3 devices with 3 dedicated SIMs - each linked to one login credentials. We carry all 3 phones at all times.

So, did not try it. My hunch is that it will not work on multiple devices at a time. Because, like any other banking app, it is also linked to the SIM+device combo. And, you can't have the same combo on two or more devices.
 
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RAMESH BABU N said:
I/we did not try on multiple devices.

We have multiple accounts (and related 3 logins). We have 3 devices with 3 dedicated SIMs - each linked to one login credentials. We carry all 3 phones at all times.

So, did not try it. My hunch is that it will not work on multiple devices at a time. Because, like any other banking app, it is also linked to the SIM+device combo. And, you can't have the same combo on two or more devices.
Click to expand...
Is it possible to switch back to SMS if there's any issue with the app based OTP without visiting branch?
 
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I don't think you got my question. If for some reason I am not able to generate the app based OTP, will I be able to loginin to INB to change the mode to SMS.

I have to deal with the hypothetical because the account belongs to my mother and I can't take her to a branch for changes.
 
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qf037x42v said:
I don't think you got my question. If for some reason I am not able to generate the app based OTP, will I be able to loginin to INB to change the mode to SMS.

I have to deal with the hypothetical because the account belongs to my mother and I can't take her to a branch for changes.
Click to expand...
Please READ MY REPLIES AGAIN.

User can change the option - via INB and via the mobile App.

Why don't you try ?
 
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msankadi said:
I don't like this move at all. Apps reside within our phone ecosystem and can be hacked much more easily compared to the sms that will require hacking the telecom which must be impossible given it might become a national threat to defense

I am okay if they allow 3rd party apps to generate the OTP like authenticator apps but not their own app

[bold] It just looks like a pure cost cut measure to me from axis as always they trying to lower the user benefit (security in this case)[/bold]

Hope no other bank follows this and RBI makes it mandatory to adhere to sms verification which is such a good security feature only available in India
Click to expand...
Totally agree with you!
 
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msankadi said:
I don't like this move at all. Apps reside within our phone ecosystem and can be hacked much more easily compared to the sms that will require hacking the telecom which must be impossible given it might become a national threat to defense

I am okay if they allow 3rd party apps to generate the OTP like authenticator apps but not their own app

[bold] It just looks like a pure cost cut measure to me from axis as always they trying to lower the user benefit (security in this case)[/bold]

Hope no other bank follows this and RBI makes it mandatory to adhere to sms verification which is such a good security feature only available in India
Click to expand...
But I think it's beneficial for the users with connectivity issues like BSNL's network in our Locality.
 
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Please remember that

No product is perfect for all.
Because, use cases are not exactly the same. Connectivity, timing, devices n a lot of other parameters decide the efficacy (or otherwise) of any App or any financial product.

If not, we certainly would NOT have so many banks, eaxh with so many products.

So, read, try n live with those products which suits you best.
 
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