---
type: "product"
title: "Bank Account Verification API - Penny Drop & IFSC"
description: "Verify bank account details instantly with Eko's Bank Verification API. Penny drop verification, IFSC validation, and account holder name matching for secure payouts."
keywords: "bank account verification API, penny drop API, IFSC validation API, bank verification, account verification, Eko API"
slug: "bank-verification-api"
category: "verification"
canonical: "https://eps.eko.in/products/bank-verification-api"
docs_url: "https://developers.eko.in/reference/bank-account-verification-pennydrop"
---


> **Canonical URL:** https://eps.eko.in/products/bank-verification-api
> _This is a machine-readable Markdown version of the page for AI agents and LLMs. The primary (HTML) version lives at the canonical URL above._

# Bank Account Verification

Verify bank account details before payouts to prevent failed transactions and reduce operational costs. Instant verification with penny drop and account holder name matching.

_Verify bank account details instantly with penny drop verification_

To get started, fill the form at https://eps.eko.in/signup (with your name and mobile number) or call us at +919513181707

## Features

### 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.

## Benefits

### 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 with 99.9% uptime.

## Use Cases

- Salary Disbursement
- Vendor Payments
- Loan Disbursement
- Insurance Claims
- Refund Processing
- Incentive Payouts
- Commission Payments
- E-commerce Seller Onboarding

## API Preview — Bank Verification

### Example inputs

| Field | Value |
| --- | --- |
| Account Number | 1234567890 |
| Bank Name | State Bank of India |
| IFSC Code | SBIN0001234 |

### Example outputs

| Field | Value |
| --- | --- |
| Account Holder Name | Rajesh Kumar |

## Integration Steps

1. **Sign Up** — Create an account on Connect App and get your sandbox credentials.
   > Tip: Takes less than a minute
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.

## FAQs

### 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.

## API Documentation

- [Full developer docs](https://developers.eko.in/reference/bank-account-verification-pennydrop)

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