Verify Bank Account

How do we Verify Bank Account?

  • Bank account verification or penny drop check is a way to verify the authenticity of a customer's bank account.
  • We take the Bank Account details and deposit 1 INR into the account. In return, we are able to fetch the Account Information

Verify Bank Account Details API

This operation can be used to verify a bank account and IFSC code combination. The operation will return a successful response (billable) in two cases:

  1. The bank account or IFSC code or both are invalid
  2. The bank account and IFSC combination are verified

To know what details you get from a successful API call - Look Below 👇

HTTP Method

Resource

Description

GET

/bank/:ifsc/accounts/:account_number/verify?name={{name}}&mobile={{mobile}}

Endpoint takes in IFSC & Account Number as a path parameter and returns Bank Account Entity details

Response Breakdown

Attribute

Description

reference_id

Reference id of the verification

account_exists

Returns true or false, indicating if the account exists or not

amount_deposited

Returns 1, indicating if the penny drop mechanism was successful.

message

Returns message to know if the account was verified successfully or not.

name_at_bank

Name of the account holder

Testing Data

Use the following request parameters to test out the Bank Verification APIs. Please note that Bank details other than the ones mentioned below will result in an Invalid response.

IFSC

Account number

Response

Remarks

SBIN0021745

026291800001191

200

Invalid account number or ifsc response

SBIN0008752

000100289877623

200

Success response

SBIN0021746

00011020001772

503

Source Unavailable response


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