Overview

Bank Validation as a service checks if the Bank Account details provided belong to the appropriate holders.

CAMS will be offering a standalone suite of service offerings. Here we are providing a new service named Bank Validation. This document covers integration of client application with Bank Validation integration method and specifies the API requirement to fetch document from Bank Validation service. The API request and response are JSON based and communicated by POST method. The entire JSON will be a single input or output. This document provides technical of validate the bank Account details integration with applications of trusted partners. This document assumes that the reader is aware of bank account validation functionality.

We will be verifying investor Bank Account by Penny drop mechanism basis Account details received in the request of this API. API returns investor Bank Account details along with % match of Account Holder name as given by the user (in API Request) against the Account Holder name returned by Bank (in API response).