FAQs

1. Who can use the bank account validation capability of Decentro?

Any business that has a requirement of validating a bank account of an user or 3rd party on their platform can use the capability.

2. Can I use both penny drop and penniless capability of Decentro?

Very much. Decentro's stack is designed in a way that can be leveraged to undertake either penny drop or penniless based validation.

3. Which banks are supported by penny drop?

Decentro's penny drop capability is supported by almost all the banks in India which has IMPS capabilities integrated at their end.

4. Does Decentro work with banks to provide these capabilities?

Yes. Decentro has partnered with multiple banks in the backend to power these capabilities to ensure performance is optimized for best experience.

5. Which banks are supported by penniless verification?

Decentro's penniless capability is supported by all the banks in India which has IMPS 2.0 capabilities integrated at their end.