Bank Account Verification

About

  • 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

The API verifies a bank account and IFSC code combination. A successful response is billable in two cases:

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

Usecase

  • To verify the Bank Account of users onboarding onto a platform.

Endpoint

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

API EndpointAPI Endpoint

Path Parameters

Param

Type

Description

Example

ifsc

string

11-digit alpha-numeric code used to identify the bank branches

SBIN0021745

account_number

string

Bank account number. Max length: 40 characters.

026291800001191

Query Parameters

Param

Type

Description

Example

name

string

Name of the Account holder.

John Doe

mobile

string

Mobile number of account holder.

8389320233


Response

Param

Type

Description

Example

reference_id

string

Reference id of the verification

1234567

account_exists

boolean

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

true

amount_deposited

num

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

1

message

string

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

Bank Account details verified successfully

name_at_bank

string

Name of the account holder

John Doe

Response Codes

Status

Response Code

Account Status

Message

SUCCESS

200

VALID

Bank Account details verified successfully

SUCCESS

200

INVALID

Invalid account number or IFSC provided

SUCCESS

200

INVALID

Given account is an NRE account

SUCCESS

200

INVALID

Account is blocked

SUCCESS

200

INVALID

IFSC is invalid

Upstream Charges

INR 1.5 + GST


Did this page help you?