Bank Account Verification (Penny-less)

Banking & Credit

Confirm an account and holder name without moving any money.

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.

Endpoint

POST https://app.emver.io/api/sandbox/v1/bank-account-pennyless

Authorization: Bearer YOUR_API_KEY

Content-Type: application/json

Accept: application/json

Request parameters

Field	Type	Description
`account_number` required	string	Account number
`ifsc` required	string	IFSC
`name` optional	string	Name to match

Example request

cURL

curl -X POST https://app.emver.io/api/sandbox/v1/bank-account-pennyless \
  -H "Authorization: Bearer YOUR_API_KEY" \
  -H "Content-Type: application/json" \
  -H "Accept: application/json" \
  -d '{
    "account_number": "string",
    "ifsc": "string",
    "name": "string"
}'

import requests

response = requests.post(
    "https://app.emver.io/api/sandbox/v1/bank-account-pennyless",
    headers={
        "Authorization": "Bearer YOUR_API_KEY",
        "Accept": "application/json",
    },
    json={
        "account_number": "string",
        "ifsc": "string",
        "name": "string"
    },
    timeout=60,
)
response.raise_for_status()
data = response.json()

const response = await fetch("https://app.emver.io/api/sandbox/v1/bank-account-pennyless", {
  method: "POST",
  headers: {
    "Authorization": "Bearer YOUR_API_KEY",
    "Content-Type": "application/json",
    "Accept": "application/json",
  },
  body: JSON.stringify({
      "account_number": "string",
      "ifsc": "string",
      "name": "string"
  }),
});

const data = await response.json();

$response = Http::withToken('YOUR_API_KEY')
    ->acceptJson()
    ->post('https://app.emver.io/api/sandbox/v1/bank-account-pennyless', {
        "account_number": "string",
        "ifsc": "string",
        "name": "string"
    });

$data = $response->json();

Replace YOUR_API_KEY and the placeholder values. Use the switch above to see production URLs.

Response

Structure · 200

{
  "status": INTEGER,
  "message": STRING,
  "data": {
    "account_exists": BOOLEAN,
    "account_holder": STRING,
    "name_match_score": NUMBER,
    "method": STRING
  }
}

Example · 200

{
  "status": 200,
  "message": "string",
  "data": {
    "account_exists": true,
    "account_holder": "string",
    "name_match_score": 0,
    "method": "string"
  }
}

Error · 4xx / 5xx

{
  "status": INTEGER,
  "message": STRING
}

See Errors & status codes for what each status means and which calls are billed.

About this API

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.

Typical uses

Payout onboarding. Verify beneficiary accounts for gig, vendor and refund payouts.
Loan disbursal. Confirm the borrower owns the disbursal account.

Questions

When does it fall back to penny drop?: Whenever the bank does not answer a name lookup. The method field tells you which route produced the answer.