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Banking & Credit

Bank Account Verification (Penny-less) API

Verify that an account number and IFSC belong to an active account and return the holder name for matching, using the banking network's name-lookup rails instead of a one-rupee transfer.

Response
Real-time
Inputs
2 required · 1 optional
Consent
Not required
Billing
Per successful call
Get API access API reference
POST /v1/bank-account-pennyless
Sandbox · Production

  1. Your application sends

    • Account number*
    • IFSC*
    • Name to match

  2. Profiden API

    Validates the request, queries the source, normalises the answer and logs the call. Billed only on success.

  3. Verified with

    Authoritative source

  4. You receive

    • Account exists
    • Account holder name
    • Name match score
    • Method used (pennyless / penny_drop)
bank-account-pennyless Full reference

What the Bank Account Verification (Penny-less) API does

Faster and cheaper than penny drop, with no credit hitting the customer's account. Falls back to penny drop automatically when a bank does not support name lookup, so your integration stays a single call.

Benefits of the Bank Account Verification (Penny-less) API

Confirm an account and holder name without moving any money.

No float, no reconciliation

Nothing to reverse or account for.

Seconds

Name lookup responds faster than a transfer.

Use cases

Bank Account Verification (Penny-less) API use cases

Where the Bank Account Verification (Penny-less) API is typically called, and what it settles there.

Payout onboarding

Verify beneficiary accounts for gig, vendor and refund payouts.

Loan disbursal

Confirm the borrower owns the disbursal account.

How the Bank Account Verification (Penny-less) API works

Request and response details, environments and a ready-to-import collection are in the developer console at console.profiden.com.

01

Authenticate

Call with your organisation API key. Sandbox and production use the same contract.

02

Send the inputs

Account number, IFSC as a JSON body. Optional fields sharpen the match.

03

We verify at source

Profiden queries the authoritative record, normalises the answer and logs the request.

04

Act on the result

A verification status plus the fields listed above, in the same response envelope as every other API.

Open the Bank Account Verification (Penny-less) reference

Built for the DPDP Act 2023

Consent recorded · Payloads not retained beyond your retention window · Every request traceable

Encryption in transit and at rest
Data processed in India
Per-request audit trail
Masked identifiers in responses

Bank Account Verification (Penny-less) API: frequently asked questions

What teams ask before adding the Bank Account Verification (Penny-less) API to their integration.

Whenever the bank does not answer a name lookup. The method field tells you which route produced the answer.

Related APIs

APIs that usually run alongside the Bank Account Verification (Penny-less) API, on the same key.

All APIs

Bank Account Verification

Banking & Credit

Confirm an account exists and belongs to the person or business you are paying.

UPI Verification

Banking & Credit

Resolve a UPI ID to its registered account holder and match the name.

IFSC & Bank Branch Lookup

Banking & Credit

Resolve an IFSC to its bank, branch, address and supported payment rails.

More Banking & Credit APIs

Get access to the Bank Account Verification (Penny-less) API

Tell us your use case and expected volume. We set up the organisation, share per-call pricing and issue keys.

Get API access Developer console