Currently, there is no option to deactivate or disable TOTP once it has been set up. TOTP is an essential security feature for added protection during the login process.
To reset your password: Login to IIFL Markets app. Go to Settings. Tap Reset Login Password. An OTP will be sent to your registered details. After verification, you can set a new password.
Yes, OTP and TOTP codes are time-sensitive for security purposes. If the code expires, you will need to request a new OTP or generate a new TOTP code in the app.