Are you trading with Zerodha and most of the time during a transaction, orders placement prompt message TOTP setup annoying you? If yes, then here is the detail of what is TOTP in Zerodha and what importance it holds in securing your account?
TOTP In Zerodha
TOTP is an abbreviation for a Time-Based One-Time Password. It can be generated on your mobile phone using TOTP apps such as Google Authenticator and Microsoft Authenticator.
This is different from traditional OTPs sent via SMS or email. This is a time-based OTP that lasts only 30 seconds and is regenerated every 30 seconds. Zerodha made it mandatory to be enabled in every Zerodha account to reduce the risk of fraud.
What are these traps and how does TOTP manage this to avoid risks?
The technology and the trading app have made the life of traders easy but at the same time, it increases the risk of hacking and other online frauds.
This makes it more important for you to provide better security to your trading account. To resolve this, you can use the above-mentioned method of generating TOTP
So, let’s the process to set up TOTP in Zerodha.
How to Enable TOTP in Zerodha?
You can enable or disable the TOTP feature as needed. Let’s start with a few simple steps.
1. Log in to your Zerodha account using the Zerodha kite app.
2. Select your Profile and click the Manage Option that is on the right side of Password Security.
3. Scroll down and click on Enable 2Factor TOTP setup.
4. You will get an OTP on your registered email id and enter the OTP.
5. Install the google authenticator on your mobile phone.
6. Select the option to scan the code or enter the provided key.
7. After entering the key provided, you will be notified that the TOTP feature has been activated.
This procedure will enable the TOTP feature on your account and from now onwards you have to enter the TOTP PIN when you wish to log in to your Zerodha account.
This is all about what is TOTP in Zerodha and how this helps traders. If you have any questions or would like to know more details, please fill out the form below and submit your request.
