Reverse penny drop for bank account verification on UPI is an industry-first product from Setu for customer bank account validation. This involves the customer making a ₹1 payment to a specific VPA registered for your organization.

Setu extracts the customer’s bank account information from the transaction and passes it on in a webhook to you. After the credit response, the ₹1 is refunded to the customer’s account within 48 hours.