NRO full form is Non-Resident Ordinary Account. This account is used by NRIs to manage income earned in India, like rent, dividends, or pension.

NRE full form is Non-Resident External Account. This account is a bank account for Non-Resident Indians to deposit and manage their foreign earnings in India. This account is maintained in Indian Rupees. It is a tax-free account.

Surepass NRO/NRE Verification API helps in the verification of these accounts. You can instantly verify the NRO/NRE accounts with accurate details.

How does it work?

Input: Enter bank account number, IFSC Code, and consent.

Output: Get the following information for verification: Account Type, Account Status, Bank Name, Verification Status.

Use Cases

• Financial Institutions and Fintech: Banks and financial institutions can use this API to verify NRO or NRE account details before transactions.

• Smoothen NRI Onboarding: It simplifies the NRI onboarding process for NRIs by instant identification of account types, reducing manual checks.

• KYC and Compliance Teams: Banks and financial institutions can use this API to check account details in real time. It confirms that all non-resident accounts follow regulatory requirements.