Virtual Account 3 APIs

These APIs allow corporates to validate virtual account numbers and post notifications for funds received from end customers via Virtual account number.


Currency:

DomesticNEFT, RTGS and IMPS
Foreignnostro and vostro (applicable for offlne validation mode)

Real time validation: We can validate the virtual account number transactions from client's server before credit to client's account.

Customizable API: We can customize the API a s per client's requirement.

Option to credit parking account for validation failure and timeout (API validation).

Validation criteria can be sent to Axis Bank (Offline validation).

Real-time & automated creation of virtual accounts: Eliminates manual intervention by corporate or Axis Bank.

Collections can be received immediately after registering virtual account at Bank end

Virtual Account

  1. Identification of remitter or transaction by unique virtual account number
  2. Validation of transaction details before credit in account
  3. Automated reconciliation of voluminous transactions
  4. Actual corporate account details are not disclosed
  5. Centralized monitoring of collections
  6. Automated reconciliation of voluminous transaction
  7. Identification of remitter or transaction by unique virtual account number
  8. Validation of transaction details before credit in account
  9. Real-time & automated creation of VAN without manual interventio

Axis Aha!