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 Bank Verification
 

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.