Secure Online Transaction
The new Diamond Online is very safe as it has different levels of authorization that ensure your online banking transactions and information remains private. The service utilizes your Username and password to provide secure access to the account and a second (higher) level of protection by use of onetime passcode (OTP) for sensitive transactions that require an extra level of security such as beneficiary maintenance for third party fund transfers, interbank funds transfers, Bill payments, etc.
This onetime passcode (OTP) is dynamic as it is an auto generated pass code on demand and it is only valid for one time use. This significantly reduces the possibility of the one time passcode falling into the wrong hands.
An OTP can be derived in any of the following three ways:
System Generated onetime passcode (OTPs)