Dear pankaj mistry,
Good day. Thank you for contacting us.
Based on your description, I understand that you have a concern with "Error 500121 when trying to use the Authenticator app.
Basically, the error code 500121 occurs when authentication failed as part of the multi-factor authentication (MFA) request, it may indicate a configuration or service error.
Please help us in isolating the issue by providing the following information:
- Have you tried resetting (require re-register) MFA? This I believe may resolve this as it will change the last command that you give to the authentication.
- Have you tried signing out, forgetting the login, and choosing to login again and select "Other ways to sign in" the login using authenticator instead of the password.
- Could you please provide a screenshot for further investigation?
Moreover, if the issue persists, as the issue is related to Microsoft Authenticator, I suggest checking with Microsoft Authenticator - Microsoft Q&A for dedicated assistance.
We look forward to hearing from you, please let me know and provide a more detailed description so we can provide you with more specific assistance. Thank you for your cooperation.
Best regards,
Jade - MSFT | Microsoft Community Support Specialist