PAN Verification FAQs

How much time does PAN verification take?

On Cashfree Payments you can verify upto 10,000 PANs instantly. As you submit the request, our API gives an instant response.

Which businesses can benefit from PAN Verification?

The PAN verification feature can be used to identify the person/businesses during onboarding as well as before initiating the transaction.

Following business categories can use PAN verification to speed up their onboarding, KYC and payment process:

• Lending platforms

• Insurance providers and platforms

• Investment portals

• Wallets

• EMI/installments providers

• Any form of credit providers

• Offline and online marketplaces to onboard vendors, sellers

• Large corporations for onboarding employees

• Payments & fintech companies

How to verify PAN using Cashfree Payments for multiple PAN cards?

With Cashfree Payments, you can do verification for any number of PAN via two modes:

1. Via Dashboard You can use the dashboard to not only do single PAN verification, but you can also download the sample template, add PAN of users and upload the file and get instant response for upto 10,000+ PANs at a time.

2. Using API This is an integrated automated way to do bulk verification. The API can be integrated with existing company internal systems or ERP and then requests can be pushed directly using API.

I want to use EasySplit - Cashfree marketplace settlement product for paying vendors. Do I need to take the PAN verification feature separately for vendor KYC?

Yes, if you are using EasySplit and want to use the PAN verification API as well, you need to opt for the feature separately. Our experts will help you with integration and you will be able to use EasySplit and PAN verification features together.

I am planning to opt for Cashfree Payouts for bulk disbursals. Do I need to go for PAN verification API separately?

If you are a Payouts user, you can visit the dashboard to activate PAN verification for your account. PAN verification will be charged separately.

Is there any limit on the total number of PAN verification requests per day?

No, there is no such limit. You can use the feature to verify any number of PANs in a day 24*7.

Why is PAN verification important?

PAN is a means of identifying various taxpayers in the country. The PAN system of identification is a computer-based system that assigns a unique identification number to every Indian tax-paying entity.

Through this method, all tax-related information for a person is recorded against a single PAN number which acts as the primary key for the storage of information. This is shared across the country and hence no two people on tax paying entities can have the same PAN.

Our Plug and Play integrated PAN verification API helps you confirm if PAN is valid or not, and help match the name provided with the name registered with NSDL, the PAN issuing institution.

By accessing updated data, the risk of identity fraud and incorrect/incomplete data is reduced.

What is online PAN verification?

Online PAN verification enables merchants to verify their users’ PAN card details, get the status of the PAN card, and check whether it belongs to a business or an individual.

What are the details that I will be able to see on verifying a PAN?

You will be able to see whether the PAN is valid or not along with the following details (if valid):

• PAN number

• Name provided

• Verification ID

• PAN type

• Name registered

Can I verify the PAN card by just knowing the name of the person?

No, to verify a PAN, it is mandatory to enter the PAN number.

What are the other use cases of PAN Verification feature?

The capability to verify PAN can be used in multiple business scenarios such as

1. Employee background check: a recruitment agency can use the feature for a candidate’s background check

2. Vendor onboarding: a marketplace splitting commission with different vendors can use the feature to verify the a/c details at the time of onboarding the vendor, this also helps in correct payments later on. The ability to integrate the API with existing ERP helps in reducing operational effort and saves cost.

How can I use the PAN verification API for KYC?

KYC or “Know Your Customer” is a process undertaken by businesses, especially financial institutions to obtain information about the identity of customers. One of the key documents required is PAN as the same is regarded as valid proof for the financial identity of a person/entity.

While onboarding vendors, delivery partners, or even employees, an organization needs to do a PAN verification. Using Cashfree Payments API, this process can be automated and integrated with existing company internal systems so that the verification process happens smoothly, without exposing the data to any third party.

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Responses are generated using AI and may contain mistakes.