How do I turn off the password requirement for free app downloads?

One of the new features of iOS 8.3 is the ability to turn off the password requirement when downloading free apps from the App Store. Though trivial, this has been a long running annoyance for iPhone and iPad users. Here is how to turn it off:

1. Head to Settings -> iTunes & App Store.

How to turn off the App Store password requirement for free apps.

2. Tap Password Settings.

How to turn off the App Store password requirement for free apps.

3. Toggle off Require Password.

That's all there is to it.