IDBI Soft Token vs SBI Secure OTP Usage & Stats
OTP generated through this application is an alternative to SMS OTP, for authenticating transactions/requests in IDBI Net Banking. It enables you to generate OTP from mobile based application in lieu of SMS OTP sent by Bank on registered mobile number. This option eliminates the need to have mobile coverage, non-receipt or delayed delivery of SMS OTP. It is a convenient way of generating OTP instead of waiting for the SMS OTP.
In order to use the facility, you need to complete the registration process. You need to login to internet banking and request for soft token registration. The registration option is available in the My Profile section under “Security” tab named as “Soft Token Registration”. Upon submitting the registration request, you will receive activation code through SMS. If activation code is not received, you can also regenerate using “Soft Token Activation Code Regeneration” option in net banking . Once you receive the activation code, you can complete the activation process of this application on your mobile by providing details such as customer ID and internet banking login id.
Upon submission and verification of user details, activation to IDBI Soft Token will be completed. Now you can start using soft token based OTP for authorizing financial transactions/ requests.
Benefits:
· The OTP generated is offline. Hence there is no need to be on mobile network.
· No need to wait for OTP sent over SMS.
Important Instructions:
· You need to register for availing this service. Kindly initiate registration process from net banking.
· You will need activation code, Customer ID and login details to enable net banking channel.
· Select SIM having registered mobile number for activation process.
· Every time you need to provide Pass code to generate Soft Token Based OTP from APP.
· In case you forget the pass code, Please re-initiate the activation process.
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SBI Secure OTP is an OTP generation App for verifying or authenticating online banking transactions done through SBI Internet Banking and Yono Lite SBI App.
Customer can generate Online OTP through this app with Internet connection.
One time registration with your INB credentials is required for using the App. Service provider independent, hassle free OTP service is now available to you.
Registration process:
- Download and open SBI Secure OTP app, enter username and select SIM 1 or SIM 2 to register SBI Secure OTP application. No SIM selection required in case of single SIM. User should have SIM Card to send out the messages.
- A message will be shown on the screen regarding sending an SMS from the device for validating mobile number.
- Click on ‘Proceed’ button and an SMS containing a unique code will be sent from the device to a pre-defined Number. Kindly note that for sending the SMS standard SMS charges are applicable as per your SMS plan.
- Enter password and click on ‘Proceed’. Accept the Terms & Conditions for registration by selecting the check box and click ‘Ok’ button.
- An OTP will be sent to the registered mobile number.
- Enter the OTP received and after OTP validation, user will be asked to set the MPIN for SBI Secure OTP app.
- After that an activation code will be sent to the registered mobile number. This activation code is valid for 10 minutes.
- User has to complete the activation by login to OnlineSBI.
Activation Process at OnlineSBI:
- Login to OnlineSBI, go to profile section and click on Activate Secure OTP link.
- Enter the activation code received.
- User registration to SecureOTP app will be completed after successful validation of activation code.
- Please note that mode of OTP authentication for Internet Banking/Yono Lite will changed to State Bank Secure OTP. User will no longer receive OTP over SMS.
- Login to SBI Secure OTP application using MPIN.
Note: Ensure the same SIM is in place for sending the registration SMS and completing the registration.
Reference URL for demo video of registration process:
https://drive.google.com/file/d/1WjwvEw6mfvOjSZYAPAeYc_cM5eP3ydKk/view?usp=sharing
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IDBI Soft Token VS. 
SBI Secure OTPDecember 23, 2024