Bank Account Verification and Penny Drop Explained

Note: To move on to bank verification, make sure you have completed your KYC process.

Step 1:  After completing the KYC procedure, you will be able to verify your bank details.

Step 2: Click on “Add Bank.”  

Step 3: You will be directed to a screen where you must provide your name and some basic financial information, such as your IFSC code and bank account number. 

Step 4: You will be required to verify your bank information with a penny drop, and Rs 1 will be credited to your account as payment for the verification.



Step 5: You have now successfully verified your bank after the penny drop process.