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Kotak Mahindra Bank makes OTP or MPIN mandatory for key payments from April 22 2026
Business
Published on 24 April 2026
Tax linked payments will trigger extra verification
Kotak Mahindra Bank will require customers to complete mandatory two-factor authentication using OTP or MPIN for selected transactions starting April 22, 2026. The change covers government, statutory, payment gateway, and other merchant payments, with the bank citing added protection for tax-related transactions. Customers are urged to keep their contact details updated to avoid failed verifications.
- Two-factor authentication via OTP or MPIN is becoming mandatory
- Applies from April 22, 2026 for specific payment categories
- Covers government, statutory, payment gateway, and merchant payments
- Bank warns to keep contact details updated for smooth approvals
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times