Two-Factor Authentication for account login:
As per NSE’s recent circular, it is mandatory for all stock trading and investment platforms to enable Two-Factor Authentication (2FA). The deadline to set up 2FA is September 30, 2022. Thus, along with a password, now all trading accounts access must be secured with an additional authentication factor such as a Time-based OTP or device lock such as fingerprint, face ID, and device PIN/pattern.
To comply with this regulatory requirement, you will have to mandatorily enable biometric on your device.
If you do not have the biometric-enabled on your mobile device, you will have to follow the below-mentioned process for your android device:
1. Go to Settings in your mobile device.
2. Tap on Security & LockScreen (if you want to set up PIN/Pattern for screen lock) OR go to Biometric (if you wish to set up a Face ID or finger print).
3. Select & set up the biometric of your choice – PIN, Pattern, Fingerprint or Face ID.
Please note that Samco App (Samco Securities) will not store the biometric (fingerprint, face ID, and device PIN/pattern) information. The biometric will be accessed from your mobile device directly.