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Bank Penny Drop API

Check bank details before you rely on them.

Check an account number and IFSC before adding bank details to your records. Contact BankU to confirm the penny-drop method and charges before you integrate.

Talk to our team Explore features

Need API access? Talk to our team.

Published API reference Authorised access Integration support

FROM REQUEST TO REVIEW

A clear path through the process.

  1. Confirm the method

    Ask BankU which account-verification method is available for your organisation and use case.

  2. Submit bank details

    Send the account number and IFSC, with only the optional information your process needs.

  3. Review before use

    Read the business outcome and resolve unclear results before relying on the bank details.

A CLOSER LOOK

What you can do with Bank Penny Drop.

See how each feature works.

  1. Account and IFSC inputs

    The documented bank verification request takes an account number and its 11-character IFSC.

  2. Optional name context

    Include an account-holder name when available, as supported by the current contract.

  3. Optional customer contact

    The request also allows a customer mobile number when it is available for the approved purpose.

  4. Synchronous verification

    Use the existing bank-account verification operation and read the available provider result.

  5. Related request workflows

    The catalogue lists separate asynchronous, status and bulk operations for approved use cases.

BUILT AROUND YOUR WORK

Where Bank Penny Drop fits.

Common uses for this API.

Beneficiary setup

Review bank details before adding a beneficiary to your own system.

Vendor onboarding

Add a bank-detail check to your supplier documentation process.

Refund preparation

Review submitted bank details before a separately authorised refund or payout is initiated.

FOR YOUR DEVELOPMENT TEAM

Take the next step with the right details.

See the documentation for request fields, responses and setup instructions.

  • Check the published inputs, response format and error handling.
  • Keep credentials on your server and collect only authorised data.
  • Confirm provider access and deployment requirements with BankU.

Do not assume a verification amount, fee or transaction method from the page name. BankU must confirm the supported account-verification setup before activation.

GOOD QUESTIONS

Before you get started.

Common questions about Bank Penny Drop.

Does the current API let me choose penny drop in the request?

The published synchronous bank-verification contract does not expose a penny-drop mode selector. Confirm the supported method before implementation.

Is this a payout API?

No. Bank-detail verification and sending a payout are different operations. A verification result does not initiate your business payout.

Is Pennyless documented separately?

The website currently links both options to the same bank-account verification contract. Method availability, charges and transaction behaviour require confirmation.

EXPLORE MORE

Bank PennylessUPI Penny DropIFSC VerificationBank Directory