[Introducing] 'Reverse Penny Drop': Let your users self-verify bank account details using the power of UPI Know more
BANK ACCOUNT VERIFICATION
BUILT FOR ENTERPRISES
Verification can fail due to reasons like invalid account number, incorrect IFSC, blocked, frozen or closed account. Know exactly why verification failed in real time.
Do 10,000 account verifications using powerful API or bulk upload via simple excel sheet. Verify without exposing sensitive financial data to any third-party.
Add users (Maker and Checker) to your account, and control the permissions. Every time a Maker uploads a file to do batch verification, the Checker(s) can review the files individually, and mark each record as valid or invalid and approve or reject the file.
Verify user’s and vendors and ensure that the Payout amount is credited to intended beneficiaries only.
Verify the bank account details and match the name registered at the bank to avoid any transfer failures or reversals.
Ensure frictionless onboarding, Verify users details at the bank to avoid details mismatch or failed transactions.
Authenticate individuals and users during onboarding or before disbursing the insurance amounts.
Fastrack user onboarding and account activations with Instant users/businesses account verifications.
Enable users to start invertmenting on your platform faster with Bank Account Verification. Integrate APIs that are highly customisable and easy to use.
Verify the bank details before disbursing the loan to ensure zero transfer reversals or failures due to incorrect account number.
Verify the bank account details and match the name of employees for a faster onboarding process and minimize failed transfers.
Highly reliable and secure Bank Account Verification APIs
Use the official Cashfree Payments libraries for different programming languages to integrate with your product and automate account verification flow
With webhooks, get notified on single or bulk verification status in real-time
curl --request GET --url https://payout-api.cashfree.com/payout/v1.2/validation/bankDetails --header 'accept: application/json'
Do single Bank Account Verification or do upto 10,000 accounts verification by using simple excel upload
Just enter the beneficiary's account number/UPI ID/IFSC and get instant response
Use cases for various industriesBank Account Verification for innovative businesses
Custom pricing designed for enterprises
Early access to new features
Dedicated account manager
Support over WhatsApp in addition to other channels
Get in touch with our sales team to explore the right product(s) for your payment needs and get custom pricing.
Make payouts to any bank account/UPI ID/card/AmazonPay/Paytm instantly even on a bank holiday.
Payout links enable you to send money without the receiver’s bank account details. Verify the beneficiaries' account number to ensure money is credited to intended beneficiaries only.
Use Easy Split to seamlessly split commission and disburse payments to all partner vendors after every sale, and reconcile with ease. Run a marketplace with ease.
On Cashfree Payments you can verify a/c numbers instantly. As you submit the request, our API gives an instant response.
The verification can be done for all the a/c of recognized Indian banks including all public banks, private banks, and 126+ co-operative banks*.
Note: Verification may not be possible for some co-operative bank a/cs.
On Cashfree Payments, you can do verification for any number of Indian bank accounts via two modes:
No, there is no such limit. You can use the fetaure to verify any number of a/cs in a day 24*7.
KYC or “Know Your Customer” is a process to be undertaken by businesses especially financial institutions to obtain information about the identity and address of the customers. One of the key document is bank account details as the same is regarded as valid proof for the identity of a person/entity.
While onboarding vendors, delivery partners, or even employees, an organisation needs to do a bank account verification. Using Cashfree Payments API, this process can be automated and integrated with existing company internal system so that the bank verification process happens smoothly, without exposing the data to any third party. You can also verify PAN, Aadhaar and GSTIN of users or businesses with our Verification Suite.
The capability to verify a/c can be used in multiple business scenarios such as
Yes, Payouts is different. Payouts user can integrate BAV to do the validation & will be charged separately.
Yes, if you are using Cashfree Payments marketplace settlement and want to use verification API as well, you need to opt for the feature seperately. Our experts will help you with integration and you will be able to use Cashfree Payments marketplace settlement and verification feature together.
Our Plug and Play integrated a/c number verification API helps you confirm bank account validity. By accessing updated data, the risk of identity fraud and incorrect/incomplete data is reduced. The result such as account holder’s name shown to you will be exactly as it appears in bank records.
Make payouts to any bank account / UPI ID / card/ AmazonPay / Paytm instantly even on a bank holiday.Learn More
Instantly verify Aadhaar details of users with consent-based verification flow.Learn More
Verify the validity of user's PAN along with cardholder details, at scale.Learn More
Collect customer payments, make payouts, manage international payments and so much more! Create your account or contact our experts to explore custom solutions.
Dedicated account manager