Financial · Sandbox
Bank Account Verification API
Confirm a bank account and its holder’s name before you pay out.
What the Bank Account Verification (Penny Drop) API does
Our penny-drop Bank Account Verification API deposits a tiny amount into the account and returns the registered account-holder name from the bank — so you never send money to the wrong account.
Popular use cases
- →Vendor / merchant payout verification
- →Loan disbursement account checks
- →Salary / gig-worker payout onboarding
curl -X POST https://apisathi.in/gw/v1/bank-account-v1/ \
-H "X-API-Key: live_xxx" \
-H "Content-Type: application/json" \
-d '{ "account_number": "…", "ifsc": "…", "name": "…" }'{
"verified": true,
"account_holder_name": "…",
"name_match": true
}Response fields returned by the Bank Account Verification (Penny Drop) API
| Field | Example |
|---|---|
| verified | true |
| account_holder_name | … |
| name_match | true |
Every field, error code and the full schema are in the Bank Account Verification (Penny Drop) API reference.
Call the Bank Account Verification (Penny Drop) API from Node.js or Python
const res = await fetch('https://apisathi.in/gw/v1/bank-account-v1/', {
method: 'POST',
headers: { 'X-API-Key': process.env.APISATHI_KEY, 'Content-Type': 'application/json' },
body: JSON.stringify({"account_number":"…","ifsc":"…","name":"…"}),
});
const data = await res.json();import os, requests
res = requests.post(
"https://apisathi.in/gw/v1/bank-account-v1/",
headers={"X-API-Key": os.environ["APISATHI_KEY"]},
json={"account_number":"…","ifsc":"…","name":"…"},
timeout=30,
)
data = res.json()Bank Account Verification (Penny Drop) API pricing
- → From ₹6 per successful call + 18% GST
- → Prepaid wallet from ₹200; no monthly fee, no minimum volume
- → Failed or timed-out calls are not charged
- → Bonus credit on recharges of ₹1,000 and above; GST invoice on every recharge
Start in four steps
- Create a free account — about a minute.
- Call the Bank Account Verification (Penny Drop) API with your TEST key in the sandbox, free.
- Recharge the wallet (UPI, card or netbanking) from ₹200.
- Switch to your LIVE key — the same key works for every API.
Frequently asked questions
Penny drop vs penniless?
We support both — penny drop (₹1 verification transfer) and penniless (IMPS/UPI lookup) — depending on your account.
How much does the Bank Account Verification (Penny Drop) API cost?
The Bank Account Verification (Penny Drop) API on API Sathi starts at ₹6 per successful call plus 18% GST, paid from a prepaid wallet. There is no monthly fee or minimum volume, and recharges of ₹1,000 or more earn bonus credit. Live prices for every API are on the pricing page.
Can I test the Bank Account Verification (Penny Drop) API for free?
Yes. Every account gets a TEST key that calls the Bank Account Verification (Penny Drop) API in the sandbox at no cost and returns realistic sample responses, so you can finish your integration before adding money to the wallet.
Am I charged if a Bank Account Verification (Penny Drop) API call fails?
No. You pay only for successful calls. If the source is unavailable, times out or rejects the request, the amount held for that call is released straight back to your wallet.
How do I get a Bank Account Verification (Penny Drop) API key?
Sign up at apisathi.in — it takes about a minute — and create a key under API Keys. Use the TEST key in the sandbox, then recharge from ₹200 and switch to a LIVE key. The same key works for every API on API Sathi.
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Start using the Bank Account Verification (Penny Drop) API today
Sign up, recharge a prepaid wallet and generate a key in minutes. Lowest price guaranteed, no volume commitment.