Verify any bank account in under 1 second — not a penny-drop.
Confirm account ownership instantly with just an account number and IFSC. No penny-drop delays, no manual reconciliation, no fraud risk from fake accounts.
First 30 verifications free, every month
No credit card · No setup fee · Cancel anytime
- No card required
- Live in 10 minutes
- Cancel anytime
{ "status": "VERIFIED", "account_exists": true, "name_at_bank": "AARAV SHARMA", "name_match_score": 0.96, "bank_name": "HDFC Bank", "response_time_ms": 840}Powering verification for platforms across BFSI
18+
APIs on one platform
One contract, one dashboard, one integration
<1 sec
Average verification response
No penny-drop wait, no manual reconciliation
99.9%
Uptime SLA
Same rails as our AEPS & UPI stack
Why verify before you pay
One wrong account number can cost you a refund, a chargeback, or a fraud case.
Stop fraud before it starts
Confirm the account belongs to who your customer claims — block mule accounts and identity mismatches before money moves.
Kill failed transactions
Wrong IFSC or closed accounts cause payout failures and support tickets. Catch it at onboarding, not after the transfer bounces.
Onboard in seconds, not days
No physical penny-drop, no waiting for ₹1 to land. One API call returns ownership status instantly.
How it works
Three steps. One API call.
Send the details
POST the account number and IFSC code to our endpoint.
We verify in real time
We check the account against the bank's records and return the registered holder name, account status, and a match confidence score.
You get an instant decision
Match, mismatch, or invalid — act on it immediately in your onboarding or payout flow.
Built for developers
One REST call. One JSON response.
Sandbox keys work from day one — no waiting for account-manager sign-off. Predictable status codes, structured reason codes, and no SDK lock-in.
- Bearer-token auth, no OAuth dance for a single lookup
- Structured statuses: VERIFIED · NAME_MISMATCH · INVALID_ACCOUNT
- Idempotent retries with your own reference ID
curl -X POST https://api.nxtbanking.com/v1/verify/bank-account \
-H "Authorization: Bearer $NXTB_API_KEY" \
-H "Content-Type: application/json" \
-d '{
"account_number": "50100123456789",
"ifsc": "HDFC0000123",
"name_to_match": "Aarav Sharma"
}'Who this is built for
If you move money, you need this before you move it.
NBFCs & loan platforms
Verify borrower accounts before loan disbursal.
Insurance companies
Confirm claim recipient accounts before payout.
Mutual fund & investment apps
Ensure redemptions land in the right account.
Payout & payroll systems
Prevent vendor and salary payment errors.
P2P lending platforms
Onboard lenders and borrowers with verified accounts.
Compare
Penny-drop is slow. This isn't.
| Capability | Traditional penny-drop | NxtBanking verification API |
|---|---|---|
| Speed | 5 seconds – 24 hours | Under 1 second |
| Cost per check | ₹1 actually transferred + charges | Per-verification price, no money moved |
| Data handling | Bank statement often required | Only account number + IFSC |
| Failure recovery | Manual reconciliation | Instant retry via API |
| Integration | Custom bank tie-ups | One unified API, 18+ rails |
Pricing
Pay only for what you verify.
One simple model — billed per successful verification. No plans, no monthly cap, no minimum commitment.
Pay-as-you-go
Per verification
- Billed per successful verification only
- Failures & timeouts are never charged
- No monthly cap or prepaid pack
- Dashboard with usage & spend analytics
- Priority email support
- Rate limiting & IP whitelisting
No hidden setup fees · No minimum commitment · Stop anytime
Security & compliance
Built the way a bank would build it.
Zero data retention
Account number and IFSC are discarded immediately after the response is returned.
Encrypted in transit
TLS 1.2+ on every API call, with modern cipher suites only.
RBI-aligned infrastructure
Built on the same rails powering our AEPS, UPI, and BBPS products.
Access control
Key-based auth with rate limiting and IP whitelisting available.
Audit trail
Every verification call logged for your compliance reporting — metadata only, never sensitive data.
India-only data residency
Verification traffic and logs stay within Indian data centres.
NxtBanking (a Laraware Private Limited product) is a software and API infrastructure provider. We build and license technology for our clients — we do not process transactions, settle or hold customer funds, and we are not a bank, payment aggregator, or payment system operator. Regulated activity remains with the licensed entity and its sponsor bank.
FAQ
Questions, answered.
What do I need to verify an account?
Just the account number and IFSC code — nothing else. No bank statement, no passbook photo, no customer document upload.
Is the free tier really free every month, or one-time?
Every calendar month, your first 30 verifications are free — no card required, no auto-charge, and the quota renews automatically.
What happens after I use my 30 free verifications?
You simply continue on pay-as-you-go pricing — you are billed per successful verification with no plan upgrade, no minimum commitment, and no interruption to your integration.
How is this different from a penny-drop?
No actual ₹1 is transferred and there is no waiting period. We confirm ownership directly against bank records in real time.
How fast is the response?
Sub-second on average; worst case is a few seconds depending on the bank's own system load.
Do you store my customers' bank details?
No. The account number and IFSC are used only for the verification call and discarded immediately after the response is returned.
Which banks are supported?
All major Indian banks via IFSC-based routing — the same rails used across our Payout, AEPS, and UPI products.
Can I test before integrating in production?
Yes — sandbox access is included from day one, free tier included.
Do I need RBI/NPCI approval to use this API?
No — this is a B2B software/API service. Regulated activity and end-customer relationships remain with your entity; we provide the verification infrastructure.
Stop losing money to wrong account numbers.
Get your API key in minutes. Your first 30 verifications every month are on us — after that you only pay for what you verify.
30 free verifications every month
Sandbox included · No card required · Stop anytime