Surepass UPI to Bank Account Details API allows the user to access comprehensive bank details associated with the UPI ID. The API provides all the details of the bank account linked to a specific UPI ID. It ensures that the UPI ID is genuine and belongs to the rightful owner.
How does it work?
Input: Enter the UPI ID in the API.
Output: Get the following details: AC Holder Name, Bank Name, Bank AC Number, Branch Name, IFSC Code, Mobile Number.
Use Cases
Onboarding for Financial Services: Banks and financial institutions can integrate the API into the systems. It will help them validate bank account details during onboarding for loan disbursements, credit card issuance, or EMI Services.
Fraud Prevention in Peer-to-Peer Transactions: P2P Lending platforms can use the API to verify the recipient bank details and prevent identity fraud.
Account Verification Before Transaction: Businesses can use the API to instantly check the bank details of a UPI ID before initiating payments or refunds to ensure the recipient is genuine.