Payments That Move as Fast as Your Bookings
Bank Account
Verification. Built Better.
Confirm that a beneficiary's bank account is real and active before you pay it, at a 99.5% verification success rate. Fewer failed payouts, and a lot less reconciliation to chase later.
Trusted by India's leading businesses
99.5
Verification Success
Advanced
Name Matching
600
Bank Coverage
Enterprise
Scale
Use cases
One verification. Endless
business use cases.
Customer Onboarding
Check a new customer's account at
signup so refunds and payouts
land the first time.
Merchant Onboarding
Confirm a merchant's settlement
account before go-live so they get paid to the right place.
Vendor Verification
Validate supplier accounts before you release funds and keep money out of the wrong hands.
Lending
Verify a borrower's account
before disbursal to cut failed
transfers and delays.
Insurance
Confirm policyholder accounts up front so claim and refund payouts actually reach them.
Payroll & Gig Economy
Verify worker accounts before every salary run or instant payout, at any volume.
Verification methods
Choose the right verification method
Every method runs on the same engine. Open a tab to see how it works and where it fits best.
Penny-drop Verification
Send a small deposit, usually one rupee, into the account. The bank confirms the account is active and returns the name on record, which we match against the name you expect.
Send the account number and IFSC
A rupee is credited and the name at the bank comes back
You get account status plus a name match score
Bulk Account Verification
Verify a large list of accounts in one job. Upload a file or stream over the API and get a clear status back for every account, at a lower cost per check.
Upload a file or send accounts over the API
Every account is checked inside one batch
You get a per row status ready to reconcile
Reverse Penny Drop
The customer sends a small amount from their own account to prove it is theirs. Because the money starts on their side, you get strong ownership proof with their consent.
Ask the customer to verify their account
They send one rupee from that account
Ownership is confirmed, with consent on record
UPI Penny Drop (UPD)
Run a penny drop against a UPI ID instead of an account number. We resolve the account holder behind the VPA and return the verified name, so no IFSC is needed.
Enter the beneficiary's UPI ID or VPA
A penny drop resolves the linked account
The verified name comes back
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Availability of certain verification methods depends on business use case and applicable regulations.
Penny-less verification
Verify without moving a rupee
Some accounts and use cases do not need a deposit at all. Penny-less verification checks the account and returns the name in real time, so there is nothing to credit and nothing to wait for.
No test deposit to send or reconcile
A real-time response in a fraction of a second
Less friction for the customer and your team
Key features
Everything you need to
verify with confidence
Real-time checks return an answer in seconds.
Webhooks tell your systems
the moment a result is ready.
600+ Banks, public, private, small finance, RRB and 126+ co-operative banks.
Security and privacyEncrypted, access-controlled and logged on every call.
Accurate failure reasonsEvery failed check returns a clear reason to act on.
Maker-checker approvalBuilt-in approval flow with maker and checker roles.
Verify thousands of accounts in one file or API job.
Webhooks tell your systems
the moment a result is ready.
Enterprise scale
Built for enterprise scale
What a platform team needs to run verification in production, from volume to security to support.
Verify thousands at once
Run a whole list in one job and get a status for every account.
More than a yes or no
Status, name, match score, IFSC and branch come back on every call.
Always on
A redundant setup with no scheduled maintenance windows.
Backed by contract
A contractual uptime SLA, priority support and a named success manager.
Secure by default
Encrypted, tokenised, and protected with access controls and audit logs.
Go live in days
A clean REST API, webhooks and SDKs your team already knows.
Industries
Trusted across regulated industries
Banks
Strengthen onboarding and reduce fraud exposure across the account lifecycle
Run compliant KYC and VKYC flows
Validate account ownership before activation
Detect fraud signals early in the lifecycle
NBFCs
Reduce risk before loan disbursal and improve approvals
Verify identity across trusted data sources
Validate bank accounts before lending
Detect high-risk borrowers and mule accounts
Insurance
Prevent fraud at policy issuance and claims
Verify identity and documents during onboarding
Match face and detect spoofing attempts
Flag anomalies early in the lifecycle
Investment Platforms
Ensure compliant onboarding and reduce misuse
Complete KYC and identity validation
Verify financial identity before activation
Monitor for suspicious account behavior
Fintech & Payments
Secure onboarding and validate transactions before payouts
Run fast identity verification flows
Validate bank accounts for payouts
Detect mule accounts before transfers
Gig Onboarding
Verify users at scale and prevent fake accounts
Verify identity instantly during onboarding
Validate bank accounts for payouts
Detect duplicate or fraudulent users
Crypto
Prevent misuse in high-risk financial environments
Verify identity for regulatory compliance
Detect suspicious accounts early
Reduce fraud and misuse risks
Dating
Reduce fake profiles and
impersonation at scale
Verify user identity during signup
Detect impersonation and fake profiles
Reduce duplicate or bot accounts
Dating
Reduce fake profiles and
impersonation at scale
Verify user identity during signup
Detect impersonation and fake profiles
Reduce duplicate or bot accounts
Developer Experience
Built for developers
Clean, predictable APIs with the docs, SDKs and tooling your team already knows. You can wire up a verification call in an afternoon.
Pricing
Simple, usage-based pricing
Start free, pay only for what you verify, and move to custom rates at scale.
Full API access
Sandbox and test data
No card required
All verification methods
Bulk and real-time APIs
Webhooks and dashboard
Committed-use rates
Uptime SLA and priority support
Dedicated success manager
Ready to verify bank accounts with confidence?
Talk to our team about your verification flow, or start testing in the sandbox today.
Resources
Bank account verification, explained
Frequently asked questions
What is bank account verification?
It confirms that a bank account number and IFSC are valid and active, and that the account belongs to the person or business you expect, before you pay it or complete onboarding.
How much time does verification take?
Most checks return in a few seconds. Penny-less checks are near-instant, and penny-drop checks are usually completed within a minute, depending on the destination bank.
How accurate is bank account verification?
Cashfree SecureID delivers a 99.5% verification success rate across supported banks, with advanced name matching to maximise correct approvals and reduce false rejections.
Is there a limit on the number of requests per day?
Standard usage has generous limits, and high-volume or enterprise accounts can request higher throughput from the Cashfree team to match their scale.
What are the other use cases of this feature?
Beyond KYC, teams use it for accurate payouts, vendor and merchant onboarding, lending disbursals, insurance claim settlements, and payroll or gig payouts, anywhere money moves to a bank account.
I use marketplace settlements to pay vendors. Do I need verification separately?
Verification and settlements work well together. Verify vendor accounts before settling so funds reach the right account. The team can help you set up both.
Why is bank account verification important?
It stops money reaching the wrong or invalid account, which cuts failed payouts, reversals, reconciliation work and fraud. It also speeds up onboarding by confirming details up front.
For how many banks can I do the verification?
Verification works across 600+ banks in India, including public sector, private, small finance, regional rural and 126+ co-operative banks.
How can I verify account numbers for multiple individuals?
Use bulk verification. Upload a file or send multiple accounts through the API and you get a per-record status back for each one, so you can verify thousands of accounts in a single job.
How can I use the bank account verification API for KYC?
KYC needs you to confirm a user's identity and bank details. Call the verification API during onboarding to confirm the account is active and the holder name matches, as part of your KYC checks.
I use Cashfree Payouts for bulk disbursals. Do I need verification separately?
You can verify beneficiary accounts before you disburse to cut failed transfers. Verification is part of the SecureID suite, and the team can help you bundle it with Payouts for your volumes.
