There could be one or more reasons depending on the situation as follows

  • The name mentioned in the bank account details should match account holder name
  • Given account number and IFSC code should be valid
  • If the account is linked and is active with any other user id then the verification would fail

Some banks are not supported which are listed as follows -

  • Canara Bank
  • Syndicate Bank
  • Equitas Small Finance Bank
  • NSDL Payments Bank
  • Fincare Small Finance Bank
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