Bank Account Verification (Penny Drop)

Bureau’s Bank Account Verification (Penny Drop) API enables you to confirm the authenticity and validity of a bank account before initiating any financial transfers to it. Pass the account number and IFSC in the API request and get the account details as per bank records in the response.

Experience seamless transactions with Bureau’s Bank Account Verification API. It empowers you to authenticate your customer’s account details with confidence before initiating any monetary transactions.

To leverage this service, simply provide the account number, account IFSC, and your customer’s name in the API request body. Our system will then attempt a nominal deposit of ₹1 to the account using these details. Upon successful deposit, we receive the account status and account holder’s name directly from the bank.

We also provide a name match score, comparing the name you provided with the name returned by the bank. This additional layer of verification allows you to make informed decisions about transferring money to the account.

With Bureau’s Bank Account Verification API, enjoy peace of mind knowing that your transactions are secure and verified.


API Rate Limit

By default, this API allows for a maximum of 5 calls per hour. If you attempt to make more than 5 calls within an hour, you’ll receive a 433 error message, indicating you have reached the hourly limit for the API.

Contact our Support Team if you want to increase this limit.


Double Check IFSC

When verifying an account, we use IMPS to deposit money to the account. IMPS does not require the full IFSC to be correct to transfer money. It only needs the first four letters of the IFSC code to be correct.

For example, let us say there is an account number 12345678901 with the IFSC code HDFC0000123. Our bank account verification API can still successfully deposit money and fetch the necessary details even if you provide HDFC0000999 as the IFSC in the request.

Click Try It! to start a request and see the response here!