Abstract: The present invention describes a method and a system for multi-level authentication of a user and a server. The user registration process in the invention enables user to personalize the web page of the server. Further, the user authentication takes place in a multi-step process including entering credentials such as user ID, subset of user's password, subset of shared secret and a One Time Password (OTP). The system of the present invention provides various means of entering the said credentials which prevents phishing attacks.