PAN Verification feature enables you to instantly verify PAN details of individuals or businesses before you onboard them or make any transactions with them. The feature helps you to validate if a particular PAN is valid, also check if it belongs to an individual or a business.
You can use the PAN verification feature for various purposes, such as:
- Onboarding vendors
- Onboarding employees
- Transferring funds or processing payments
- Required for KYC verification
You can do a single verification or a bulk verification of up to 10,000 PANs at a time via API. View details like PAN type, name of the PAN holder, verification status, and more, of all PAN numbers shared in the file. Currently, we support verification of PAN via APIs only.
Loan providers can verify their customers PAN instantly as part of KYC verification before disbursing the amount. This will help them to check the authenticity of the customers.
Insurance and Investment Portals
Insurance and investment portals can verify customers PAN instantly as part of KYC verification during onboarding. This will ensure successful payouts later.
Wallets like Paytm, Amazon Pay, etc., can verify customers PAN during onboarding or for KYC requirements. This will help to process successful refunds to their wallets or accept wallet payments.
Payments or Fintech Industry
Payments or fintech industries can use the PAN verification feature to instantly verify PAN that belongs to a business or an individual before transferring funds or processing any payments.
To verify PAN,
- Go to Verification Suite Dashboard > PAN > click Verify PAN.
- Enter the PAN and Name you want to verify.
- Click Verify. You will see a success message if the PAN exists.
All PAN's that you verify will be visible and available for your reference in the Verification Suite - PAN screen. You can search and filter for the details based on the status (Valid, Invalid, Rejected, Verification Failed), specific time duration, and PAN type.
You can also use our API to verify PAN details.
When you have a large number of PAN to be verified, you can upload a single file with all the details to verify them in one go.
To verify all the PAN, you must upload a .csv, .xls, or a .xlsx file that contains the PAN and name of an individual or business you want to verify. Download the sample file to know how the details must be filled in the file.
To upload a batch file with PAN details,
- Go to Verification Suite Dashboard > Batch > click Upload File.
- Click Choose a File to select the file you want to upload and click Upload. The uploaded file will be visible in the Batch section.
- Click the uploaded file to view the status of the PAN details uploaded in the file.
All PAN's you verify will be visible and available for your reference in the Verification Suite - PAN screen. You can search by file name and filter for the details based on the status (Processed, Rejected, Processing, Cancelled) or a specific time duration.
You can also use our API to verify PAN details in batch.
Updated 6 months ago