Adds bank account details for settlement. PayU attempts auto-verification of the bank account. If auto-verification fails, proceed to Step 06 to upload bank proof manually.
Prerequisite Steps
Step 04 (Business Details)
Entity Applicability
All entities
Auto-Verification
After this call, PayU automatically verifies the bank account via penny drop or IFSC validation. Check the result using GetMerchant (Utilities) → look for bank_verification_status.- If bank_verification_status = verified → skip Step 06, proceed to Step 07- If bank_verification_status = failed or pending → proceed to Step 06 (upload bank proof)