Application Password from Google (G Suite) not working on Zoho CRM

Application Password from Google (G Suite) not working on Zoho CRM

Hello,

I am trying to sync my G Suite account in Zoho CRM through IMAP. I have followed the instructions in creating an Application Specific password but it it not being accepted into Zoho CRM. I keep getting messages that it is an incorrect password. I don't want to turn off TFA from G Suite. 

Any help is highly appreciated, have tried multiple times with multiple app generated password.