The POST https://api.banking.netevia.dev/v3/forgotPasswordOTP API endpoint allows users to reset their forgotten passwords by submitting their email address to receive a One-Time Password (OTP). After receiving the OTP, users verify it and can set a new password.

Functionality:

Enables users to request an OTP to reset their forgotten password.
After receiving and verifying the OTP, users can set a new password.
The process involves two steps: requesting the OTP and then submitting it along with the new password.

Key Features:

Two-Step Password Recovery: The process involves requesting an OTP and then using it to reset the password, ensuring a secure recovery method.
Email-Based Authentication: Users must provide their registered email address to receive an OTP for password reset.
Secure OTP Verification: OTP ensures that only the rightful owner of the email can reset the password.
Error Handling: Provides detailed error messages for incorrect email addresses or invalid OTP submissions.
Secure Password Reset: After successful OTP verification, users can set a new secure password.

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This API is designed to provide a safe and secure way for users to reset their forgotten passwords, reducing the risk of unauthorized access.