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What is the difference between Smart-card based access to SPEED-e and password based access to SPEED-e?

April 26, 2017based password smart-card speed-e

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What is the difference between Smart-card based access to SPEED-e and password based access to SPEED-e?

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Ans. Smart card access inherently is a superior access service to SPEED-e as compared to password access. The following are the additional benefits of having a smart card > Higher security. Access based on “What you have – smart card” and “what you know – PIN” provides a digital signature to identify YOU. This authenticates that only the person possessing the smart card and knows the PIN has submitted the instruction. > Transfer Securities to any account. No restriction of transfer only to pre-notified accounts. > A single smart card can be used to access all your demat accounts with a Depository Participant.