Bank Account Verification API for Penny Drop & Name Matching in India
Verify bank account details to prevent failed transactions and reduce operational costs. Instant verification with penny-drop and account holder name matching.
Starts at ₹0.18 per lookup · excl. GSTView Pricing
What Can You Verify With Bank Account Verification APIs?
Key details returned across all Bank Account Verification API endpoints, ready to power your KYC and onboarding workflows.
Account Exists?
Whether the bank account is valid and active.
Account Holder's Name
Account holder name as registered with the bank. Use for name matching against provided details.
IFSC Code
IFSC code confirmed by the bank for the verified account.
Bank
Full name of the bank associated with the account.
Branch
Branch name associated with the IFSC code.
Bank Account Verification API Flow – Sample Request and Response
Send simple inputs. Get rich, verified data in seconds.
Verify a bank account by transferring ₹1 (penny drop) and retrieve the account holder name, account status, and branch details in real time.
Key Features
Everything you need to integrate and scale
Penny Drop Verification
Send ₹1 to verify account exists and is active before large payouts.
Account Status Check
Verify if the account is active, dormant, or closed.
Name Matching
Get account holder name for verification against provided details.
IFSC Validation
Validate IFSC codes and get bank branch details.
Real-time Results
Get verification results within seconds for seamless workflows.
Bulk Verification
Verify multiple accounts in a single API call for batch processing.
Why Choose Eko?
Reduce Failed Payouts
Verify accounts before disbursement to minimize transaction failures and reversals.
Prevent Fraud
Match account holder names to prevent payouts to wrong accounts.
Lower Operational Costs
Reduce cost of failed transactions, reversals, and manual reconciliation.
Instant Verification
Real-time results for seamless customer and vendor onboarding.
All Banks Supported
Verify accounts across all major banks in India through a single API.
24/7 Availability
Round-the-clock verification service for reliable, high-volume workflows.
Primary Use Cases
How to Integrate
Get started in minutes with our simple integration process
- 1
Sign Up
Sign up in minutes with your mobile number (OTP verify).
- 2
Verify Identity
Complete your basic KYC with PAN and address details to verify your identity.
- 3
Test APIs Live
Load funds into your wallet and test the verification APIs live — evaluate before you integrate.
- 4
Integrate with AI
Ready to build? Visit our AI hub for free plugins & tools to integrate faster.
- 5
Go Live
Start verifying real bank accounts before payouts.
Frequently Asked Questions
What is penny drop verification?+
Penny drop is a method where a small amount (₹1) is transferred to verify the account is active and details are correct. The account holder name is returned for matching.
Do customers receive the ₹1?+
Yes, the ₹1 is credited to the verified account. This is a real transaction that confirms the account is active and can receive funds.
How accurate is name matching?+
Our intelligent name matching algorithm handles variations, abbreviations, and common spelling differences with 99%+ accuracy.
Which banks are supported?+
We support all major banks in India including SBI, HDFC, ICICI, Axis, Kotak, Yes Bank, and 100+ other banks.
What if verification fails?+
Failed verifications return specific error codes indicating the reason - invalid account, closed account, incorrect IFSC, etc. - helping you take appropriate action.
How do I get started?+
Sign up at ekostore.app/eps, verify your identity with your PAN and address details, load your wallet to test the verification APIs live, then integrate and go live.
What is EPS?+
EPS (Eko Platform Services) is the technology arm of Eko, providing the developer tools, AI tools, and APIs that power modern fintech integration.
What are the different ways to integrate with Eko EPS?+
Integrate in whichever way suits your stack: call the REST APIs directly, use our official SDKs (JavaScript and PHP) to skip request-signing boilerplate, or let an AI coding agent build the integration using our MCP server and skills. See the Developers and AI sections for each path.
How does API authentication work?+
Each request carries your static `developer_key` header plus a per-request `secret-key` header — an HMAC-SHA256 signature of the current timestamp, keyed by your access key. The access key itself is never sent over the wire. You receive UAT keys on signup and production keys after KYC.
Is there a sandbox environment for testing?+
Yes. A full sandbox environment is available immediately on signup. You can test your integration end-to-end before going live — no commitment required.
What are the sandbox and production base URLs?+
Sandbox and production share the same paths and differ only by base URL: use https://staging.eko.in/ekoapi/v3 for UAT / Sandbox, and https://api.eko.in/ekoicici/v3 for Production. A common cause of failures is calling the sandbox/staging URL with live credentials (or vice-versa) — make sure the base URL matches the keys you are using.
Do I need to whitelist my server IP?+
Production API access may require your static public (server) IP to be whitelisted. If your calls work from Postman but fail or time out from your own server, share your static public IP with us so we can whitelist it.
What response times can I expect?+
Most verification APIs return in real time with sub-second responses, and 99th-percentile latency stays under two seconds across verification endpoints. Transaction APIs (DMT, AePS, BBPS) respond within seconds.
Can the API handle high volumes?+
Yes. The API is designed to handle large-scale volumes reliably without performance degradation.
How is API usage billed?+
Usage is billed per successful API call with no minimum commitment. Volume-based pricing tiers are available — contact our team for detailed rates.
Recommended Solution Packs
Pre-bundled API stacks that include Bank Account Verification API, designed for common industry workflows.
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- Reliable, high-volume workflows
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