Verify bank account ownership instantly with Veriqos' Penny Drop Validation API, performing a secure ₹1 transaction to validate accounts in real time.
Fast, secure, and compliant verification built for real-world scale.
Veriqos' Penny Drop Validation API uses the account number, IFSC code, and account holder name for validation in real time.
Designed for performance at scale, the API can support millions of bank account verification requests daily.
Veriqos uses encrypted communication and secure data-handling protocols to protect sensitive banking information.
Integrate bank account verification easily into your web or mobile applications with minimal setup effort.
Our Penny Drop API allows businesses to verify bank account details instantly using a secure ₹1 test transaction, ensuring payouts, refunds, settlements, and salary disbursements reach the correct account.
Helps prevent failed transactions, reduces manual verification efforts, and minimises the risk of incorrect or fake bank details.
Fast response times, automated validation, and bank-grade security enable seamless onboarding and reliable financial operations.
Trusted across industries for fast, compliant verification.
Instantly confirm bank account ownership during customer onboarding, KYC checks, and loan disbursements.
Verify user bank details before wallet withdrawals, merchant settlements, or user payouts.
Rely on automated bank account verification for premium refunds, policy payouts, and claim settlements.
Verify bank account ownership before initiating payouts to sellers, service providers, or delivery partners.
Financial workflows demand accuracy, reliability, and transparency. Veriqos' Penny Drop API is built to support critical operations such as onboarding, payouts, and beneficiary validation.
Receive instant, accurate responses for every verification, from ID checks to credit insights, so onboarding is fast and reliable.
Easily handle millions of verifications with our robust, cloud-based infrastructure that grows with your business.
Protect user data with end-to-end encryption, strict privacy policies, and full compliance with regulatory standards.
Integrate quickly with REST APIs and SDKs, making deployment fast and hassle-free.
Stay fully aligned with RBI, SEBI, IRDAI, and global KYC/AML regulations without extra effort.
AI-powered insights that go beyond raw data, helping you make smarter, confident decisions instantly.
We offer APIs and tools for identity verification, compliance, fraud prevention, financial assessment, and onboarding automation.
Contact UsWhat businesses across banking, fintech, and digital onboarding say about working with Veriqos.
Switching to Veriqos cut our KYC turnaround from days to minutes. Onboarding that used to bottleneck our sales team barely gets noticed now.
The APIs were genuinely plug-and-play. We went from reading the docs to a working integration in about two days, with almost no back-and-forth needed.
We needed a fraud and AML layer that wouldn't slow down checkout. Veriqos gave us both — real-time checks our customers never notice.
Blog
PAN and Aadhaar are the backbone of digital KYC in India — see how real-time verification against official records cuts onboarding from days to minutes.
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Need help with something? Want a demo? Get in touch with our friendly team and we'll get in touch within 2 hours.
Need help with something? Want a demo? Get in touch with our friendly team and we'll get in touch within 2 hours.
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