What are Bank APIs?
Bank APIs allow you to verify the beneficiary account details before making any online payments. Thus, avoiding any deposits on incorrect beneficiary accounts.
Available Bank APIs
- IFSC Verification API can be used to obtain bank and branch details of the given IFSC code.
- Bank Account Verification [penny drop] API verifies the bank account by dropping a penny into a beneficiary bank account.
- Bank Account Verification [penny-less] API verifies the bank account without the need of dropping a penny.