- 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
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:
- The bank account or IFSC code or both are invalid
- The bank account and IFSC combination are verified
To know what details you get from a successful API call - Look Below 👇
Endpoint takes in IFSC & Account Number as a path parameter and returns Bank Account Entity details
Reference id of the verification
Returns true or false, indicating if the account exists or not
Returns 1, indicating if the penny drop mechanism was successful.
Returns message to know if the account was verified successfully or not.
Name of the account holder
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.
Invalid account number or ifsc response
Source Unavailable response
Updated 2 months ago