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Create New Virtual Account

Make tax payments using virtual accounts

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Overview

This API is used to create a new virtual account that can be used to receive payments using UPI or Bank Transfers.

Problem

  • Businesses face issues when tracking any payments.
  • Reconciling payments on a single account manually makes it a time-consuming, error-prone & expensive exercise for an accounts team.
  • Similar issues can occur when making a large number of tax payments.

Solution

  • API to create a virtual account, where users can make payments to their own accounts.
  • Allows reconciliation by separate accounts, making it easier & cost-effective for every accounts team.
  • Provides multiple payment methods to receive payments, enhancing customer experience.
  • Configure postbacks to know about the fund transfer to the virtual account.

Endpoint

HTTP MethodResource
POST/tax-payment/accounts

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Request

Refer to the sample Request below for passing the filter_id and notes (optional). Otherwise, send an empty JSON body.

Sample CURL Request

curl --request POST \
     --url https://api.sandbox.co.in/tax-payment/accounts \
     --header 'Accept: application/json' \
     --header 'Authorization: xxxxxxx' \
     --header 'Content-Type: application/json' \
     --header 'x-api-key: xxxxxxxxxxxxx' \
     --data '
{
     "@entity": "virtual_bank_account",
     "notes": {
          "param1": "value1"
     },
     "filter_id": "filter1"
}
'

curl --request POST \
     --url https://api.sandbox.co.in/tax-payment/accounts \
     --header 'Accept: application/json' \
     --header 'Authorization: xxxxxxx' \
     --header 'Content-Type: application/json' \
     --header 'x-api-key: xxxxxxxxxxxxx' \
     --data '
{
     "@entity": "virtual_bank_account",
     "notes": {},
     "filter_id": "filter1"
}
'

curl --request POST \
     --url https://api.sandbox.co.in/tax-payment/accounts \
     --header 'Accept: application/json' \
     --header 'Authorization: xxxxxxx' \
     --header 'Content-Type: application/json' \
     --header 'x-api-key: xxxxxxxxxxxxx' \

❗️

Test Environment Not Available

Response

The API responds back with Virtual Account Entity. An example response is shown below. 

{
  "code": 200,
  "timestamp": 1631095323168,
  "transaction_id": "8831d466-6fe7-48ed-b478-7d1cb4e92572",
  "data": {
    "@entity": "virtual_bank_account",
    "account_number": "HEYSBX0****01",
    "status": "Active",
    "ifsc": "ICIC***25",
    "notes": {
      "param1": "value1"
    },
    "filter_id": "filter1",
    "opened_at": 1666155630494
  }
}

Response Caching

Response caching is not available for this API. Learn more about our response caching mechanism here

Wallet Charges

Since Create New Virtual Bank Account API is not a Paid API, no wallet charge will take place.

Versioning

This API is currently in major version 1.0. Refer to our versioning policies here

Updated about 1 month ago