What will it contain? A set of more passwords? Hope it has no fingerprint testing system.I'm no Ethen Hunt
It can contain more passwords, Q&A's, or even Random key based Security Token (This type of token is provided by RSA).
In my opinion RSA security token is the best 2FA authentication method. This type of security is provided by Kotak, Indiabulls, or even by AXIS Bank (1 touch device). In which a random 6 digit PIN is generated by the device, and the user needs to enter the code to execute any trade. In Indiabulls, this Security code is needed only once in an hour.
2FA is simply an extra layer of security, other than the Password or Txn password.
IMO this is a very good move by SEBI, but I would be more glad, if SEBI makes any rule that mandates only RSA based security system.
Just think the pleasure of mind when you are assured that no-one, even your RM can't carry out trades without getting the security PIN generated by your device.