What is the OTP PIN for Credit Card?
The "OTP PIN" for a credit card, as described in the provided reference, is not a static, memorable PIN you choose, but rather a unique, temporary 6-digit password generated for a specific transaction.
When you make online transactions using certain cards, like a Security Bank Credit Card according to the reference, an added layer of security is often used. This security feature relies on a One-Time Password, or OTP.
What the Reference Says About OTP
Based directly on the information provided:
- OTP Definition: OTP stands for One-Time Password.
- Format: It is a unique 6-digit password.
- Delivery Method: It is sent to your registered mobile number.
- Usage Context: It is used specifically when making online transactions.
- Applicable Cards (per reference): Used with Security Bank Debit* or Credit Cards.
- Validity: It is designed for a single use and cannot be re-used.
- Expiration: It expires after a short period, specifically 3 minutes upon receipt.
- Purpose: It serves as an added layer of security for your transactions.
OTP vs. Traditional PIN
While the question uses the term "OTP PIN," it's important to understand that an OTP is different from a traditional PIN (like the one you might use at an ATM or for in-store purchases). A traditional PIN is typically a fixed number you set and remember. An OTP, however, is a dynamic password generated for each individual online transaction, providing enhanced security because it's unique and short-lived.
Think of the OTP as the temporary "key" needed only for that specific online purchase, sent directly to you to verify you are the one initiating the transaction.
