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
Create an account on Connect App and get your sandbox credentials.
- 2
Submit KYC
Complete your KYC verification process by submitting the required documents.
- 3
Integrate API
Use our comprehensive documentation to integrate the APIs.
- 4
Test in Sandbox
Test your integration thoroughly in our sandbox environment.
- 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.
Can the API handle high volumes?+
Yes. The API is designed to handle large-scale volumes reliably without performance degradation.
How does API authentication work?+
Every API call is secured with one-time-use tokens generated using asymmetric cryptography. After signing up, you will receive your developer-key and secret-key for both UAT and production environments, which you can use to generate tokens for authenticating your API requests.
How are errors and failures reported?+
Every response includes a status code and a human-readable message. Failed requests return specific error codes indicating the reason, so you can handle each case programmatically.
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.
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.
How do I get started?+
Sign up on Connect App, submit the required documents, integrate the REST API using our sandbox environment, and go live.
Recommended Solution Packs
Pre-bundled API stacks that include Bank Account Verification API, designed for common industry workflows.
Get API Access
Sign up now and start integrating in minutes. Our team will help you go live quickly.
- Sandbox access in minutes
- Dedicated integration support
- Comprehensive documentation
- Reliable, high-volume workflows
Get API Access
Get started in 10 minutes