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Yes, if you are using Cashfree marketplace settlement and want to use verification API as well, you need to opt for the feature separately. Our payment experts will help you with integration and you will be able to use the Cashfree marketplace settlement and Secure ID together.
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 documents is bank account details as the same is regarded as valid proof of 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 API, this process can be automated by integrating with the company’s existing 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 verification can be done for all the a/c of recognised Indian banks including all public banks, private banks, and 126+ co-operative banks*.
Verification may not be possible for some cooperative bank accounts.
On Cashfree, you can do verification for any number of Indian bank accounts via two modes:
  1. Manual entry on Cashfree Bank Account Verification dashboard: Here you will be required to enter only two details: Indian bank account number and IFSC. If you want to do bulk verification, You can access the bulk upload feature on the dashboard where you can submit a CSV/XSLX file with required details and get a quick response.
  2. Using Bank Account Verification API: This is an integrated automated way to do single/bulk verification. The API can be integrated with the existing company internal system or ERP and then the request can be pushed directly using APIs.
Our Plug and Play integrated a/c number Verification API helps you confirm bank account validity instantly. By accessing updated data, the risk of identity fraud and incorrect/incomplete data is reduced. The result such as the account holder’s name shown to you will be exactly as it appears in bank records.
The API validates the account using a penny drop over IMPS (Immediate Payment Service). IMPS reads only the first 5 characters of the submitted IFSC to identify the bank, not the full branch-specific code. As a result, verification can return a successful result even when the branch-specific part of the IFSC is incorrect. A successful response confirms the account can receive funds, not that the exact IFSC is correct for that branch. See Verify a bank account for more detail on this behaviour.As an optional additional check, some merchants make a small test payout through the Payouts API to confirm delivery before relying solely on Bank Account Verification.
The Bank Account Verification v1 API is deprecated in favour of the v2 API. A 422 error from the v1 endpoint reflects this deprecated status. Migrate to the current Bank Account Verification v2 API. See Verify a bank account for the current integration guide.
Yes, Payouts is different. Users can integrate Bank Account Verification to do the validation and will be charged separately.
The capability to verify a/c can be used in multiple business scenarios such as:
  1. A crucial part of the verification process before providing loans of all kinds (education, health, business, car etc)
  2. Employee background check: A recruitment agency can use the feature for a candidate’s background check
  3. Vendor onboarding: A marketplace splitting commission with different vendors can use the feature to verify the a/c details at the time of onboarding the vendor, this also helps in correct payments later on.
The ability to integrate the API with existing ERP helps in reducing operational effort and saves cost by 90%.
No, there is no such limit. You can use this feature to verify any number of bank accounts in a day 24*7.
On Cashfree, you can verify a/c numbers instantly. As you submit the request, our API gives an instant response.
No, there is no such limit. You can use the feature to verify any number of UPI IDs in a day 24*7.
If you are a Payouts merchant, the Secure ID products such as Bank Account Verification (including UPI), Aadhaar Verification, GSTIN Verification, and PAN Verification will be automatically enabled for you. However, you will be charged separately for each validation.
On Cashfree, you can do verification for any number of UPI IDs of individuals or entities via two modes:
  1. Manual entry on Cashfree UPI ID verification dashboard. Here you will be required to enter only one detail: UPI ID (eg abc@okaxis)
  2. Using API An integrated automated way to do UPI Verification. The API can be integrated with the company’s existing internal system or ERP and the request can be pushed directly using APIs.
UPI ID (also called Virtual Payment Address or VPA) is a unique ID you need to create to send and accept money via UPI. Once a UPI address is created and mapped against your existing bank account, you can simply share your UPI address (eg. abc@okaxis) with the payer.As a business, verifying a UPI ID comes in handy. The different use cases can be
  • Background verification at the time of onboarding a new user/vendor
  • Before releasing payment to a UPI ID
With Cashfree instantly verify if the UPI ID is valid, For a Valid UPI ID cross-verify the name of the account holder
On Cashfree, you can verify any number of UPI IDs instantly. As you submit the request, our API gives an instant response.
Both the v1 and v2 Bank Account Verification APIs accept a phone number. You can omit phone in either version if you do not need to pass it.For the v1 API (/payout/v1/validation/bankDetails and /payout/v1.2/validation/bankDetails), bankAccount and ifsc are required. name, phone, and remarks are optional. If you include phone, it must contain digits only and be 8 to 12 characters long. See Bank Verification Sync V1.2.For the v2 API, bank_account and ifsc are required. If you include phone, it must contain digits only and be 8 to 13 characters long. See Bank Account Verification Sync V2.