Skip to main content
Version: Next
Version: 1.0

Bank Account Verification Service API

Digio's Bank Account Verification service enables financial institutions to securely and efficiently validate customer bank account details without initiating a transaction. By leveraging this API, organizations can ensure accurate beneficiary information, reduce transaction failures, and enhance compliance with regulatory standards.

Key Features​

  • Secure Data Exchange: Transmit customer bank account details, including account number and IFSC code, securely to Digio's verification system
  • Real-Time Verification: Instantly validate the authenticity of bank account information ensuring faster onboarding and reduced operational costs
  • Enhanced Compliance: Maintain adherence to regulatory requirements by verifying customer bank details through a secure and reliable API integration
  • Multiple Validation Modes: Support for PENNY_DROP, PENNY_LESS, and AUTO verification methods
  • Fuzzy Name Matching: Optional name matching with confidence scoring for enhanced verification
  • Pennyless Verification: Validate accounts without initiating actual transactions

How It Works​

  1. Account Details Submission: Submit bank account number, IFSC code, and optional beneficiary name
  2. Validation Mode Selection: Choose from PENNY_DROP, PENNY_LESS, or AUTO verification methods
  3. Secure Processing: Encrypted data transmission using HMAC signatures and service credentials
  4. Real-time Verification: Instant validation against bank records with detailed response
  5. Name Matching: Optional fuzzy matching with confidence scores for enhanced accuracy

Service Information​

  • Provider: Digio Tech Solution Pvt Ltd (Provider Code: 138)
  • API Version: 1.0
  • Environment Support: Sandbox and Production
  • Authentication: JWT Token + Basic Auth (service credentials required)
  • Verification Modes: PENNY_DROP (default), PENNY_LESS, AUTO
  • Response Format: JSON with digital signature verification

Validation Modes​

  • PENNY_DROP: Traditional penny drop verification with micro-transaction
  • PENNY_LESS: Account verification without initiating any transaction
  • AUTO: Automatically selects the best available verification method

Download OpenAPI Specification​

📥 Download OpenAPI Spec (YAML)

Available Endpoints​