Bank Verification API

A Bank Verification API allows businesses to validate bank account details in real time. It ensures that the provided account number and IFSC code match the account holder’s name, reducing fraud and failed transactions.

Key Features of Bank Verification API:

  1. Real-Time Account Verification – Confirms whether a bank account is active and valid.
  2. Name Matching – Checks if the provided account holder’s name matches the bank records.
  3. IFSC Validation – Ensures the IFSC code is correct and corresponds to the right bank branch.
  4. UPI ID Verification (Optional) – Verifies UPI IDs for digital payments.
  5. Penny Drop Verification – Sends a small amount (₹1) to confirm account ownership.

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