Verify bank accounts and holder name during onboarding KYC and before making payouts. Complete account verification suite including bank account and IFSC verification.
Cashfree Payments Bank Account Verification enables businesses to verify bank account details instantly, ensuring accurate payouts and preventing transfer failures. The solution supports verification for 600+ banks including public, private, rural and cooperative banks.
Verify the bank account details of users individually or in bulk via APIs and excel upload, and make sure your next payment is going to the right beneficiary.
Verify beneficiary accounts, account holder name and IFSC codes for 600+ banks including public, private, rural and cooperative banks.
Do a single Bank Account Verification or up to 10,000 bank accounts in one go, via excel upload or APIs.
Verify the beneficiary name against the account holder name at the bank.
Assign maker and checker role to reduce human errors and higher accuracy.
Validate the accuracy of bank account details, match the name with account holder name, and verify if the IFSC is correct during customer onboarding.
Prevent payment failures and reversals by verifying account details before making payouts.
Make transactions fool-proof by verifying Account Holder Name before processing payments.
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 investing 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.
Integrate powerful Bank Account Verification APIs with your product using only a few lines of code and automate the onboarding process and ensure successful payouts with Cashfree Payments.
API Features:
API Endpoint Example (cURL):
curl
--request GET
--url https://payout-api.cashfree.com/payout/v1.2/validation/bankDetails
--header 'accept: application/json'
Zomato ensures quick and correct on-boarding of riders using Cashfree's API.
The foreign currency exchange platform uses Cashfree Payments for instant bank verification of money exchangers. As a platform facilitating 1600 crores+ currency exchange transactions, accuracy and speed while verifying accounts is a business prerequisite.
Cross-border payments processor Zilra no more needs scanned copies of cancelled cheques. It now uses Cashfree Payments to verify the account details in a paperless manner for onboarding freelance partners.
Bajaj Finance verifies its customers before activating any of their products like loans, insurance, FD's or before loan disbursals for personal, business or professional requirement.
Cashfree Payments offers a comprehensive verification suite beyond bank account verification:
Verify if a bank account exists, match name provided by beneficiary with name at bank and minimise the failed or transfer reversals. Know the accurate reason for verification failure.
The most exhaustive list of IFSC codes updated weekly. Verify whether the IFSC is valid, the bank name and bank branch that it belongs to.
Bonus: Know the transfer modes supported - NEFT, IMPS, RTGS and choose payout method accordingly.
Verify if the PAN is valid, identify the registered name of the card holder along with the nature of the card holder. Do a single verification or a bulk verification of up to 10,000 PAN numbers instantly via API.
Validate user's 12-digit Aadhaar number along with the OTP sent to the registered mobile number of users and get details like user's name, date of birth, father's name, user's image, address, gender, state, mobile number and email ID of their mobile number, in seconds.
Validate 15 digit GSTIN number and get details of valid GSTIN like GSTIN status, registered business name, nature of business, business address and taxpayer type like regular, composite and exempted.
Do free Bank account verification with free credits worth ₹100/-
Verify bank account details or branch IFSC in real-time
Note: GST applicable
Custom pricing designed for enterprises with:
Get in touch with our sales team to explore the right product(s) for your payment needs and get custom pricing.
Industry leading solution with more than 97% success rate.
Make payouts to any bank account/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:
Manual Entry:
Using API:
No, there is no such limit. You can use the feature 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 separately. 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.
Instantly verify Aadhaar details of users with consent-based verification flow.
Verify the validity of user's PAN along with cardholder details, at scale.
Instantly verify GSTIN of vendors for quick KYC and onboarding.
Cashfree Payments enables 1 Million+ growing businesses in India and across the globe to collect payments, make payouts, manage international payments, and more. Cashfree Payments is backed by SBI, Y Combinator, Krafton, and Apis partners and was incubated by PayPal.
RBI Authorised Payment Aggregator License Certificate of Authorisation No. 266/2025
RBI Authorised Prepaid Payment Instrument (PPI) Provider Certificate of Authorisation No. 209/2024