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BANK ACCOUNT VERIFICATIONPenny DropReal-time API
Bank Account Verification That Prevents Payment Fraud.
Verify bank account ownership before any payment is made. TruveriX's penny drop and account holder verification API ensures your employee salaries and vendor payments reach the right person — every time.
WHAT WE VERIFY
Account Ownership & Validity
Account holder name match
Confirms that the account holder name matches the employee/vendor name exactly
Account active status
Verifies that the account is active and can receive credit transfers
IFSC code validation
Bank name, branch, and IFSC code verified against RBI IFSC master data
Penny drop confirmation
Re₹1 debit/credit test to confirm account accepts transfers and matches beneficiary name
UPI ID verification
UPI ID validation and linked account holder name verification for digital payment workflows
🛡 Fraud Prevention Use Cases
Employee onboarding: Verify salary account before first payroll run
Vendor payment: Confirm vendor bank details before invoice payment approval
Gig worker onboarding: Rapid bank verification for daily wage or weekly payout workers
BFSI KYC: Bank account ownership as additional identity anchor in customer KYC
API INTEGRATION
Real-time Verification via API
SAMPLE API REQUEST
POST /v1/verify/bank
Authorization: Bearer YOUR_API_KEY