This paper proposes an overcurrent protection (OCP) circuit for power MOSFETs employed in low voltage power converters. The proposed configuration requires only discrete components with a gate driver IC and uses the voltage drop across the device for overcurrent detection. It can operate independently in cycle-by-cycle shutdown and multiple cycle shutdown modes. In coordination with a micro-controller based driver IC input signal generator and controller, the proposed OCP circuit can also operate in a single cycle latch-up and hiccup OCP modes. The performance of the proposed scheme is evaluated experimentally at both, hard and soft fault conditions. By experimentation, it is shown that the proposed circuit can operate in various protection modes and capable of protecting a MOSFET in both, hard and soft fault conditions.