NPCI-based Workflow for Bank Account Validation in IEC
Implementation of NPCI-based Workflow for Bank Account Validation in IEC Applications and Modifications – reg.
Reference is invited to DGFT Public Notice No. 32/2025–26 dated 20.11.2025, whereby this Directorate enabled online API-based validation of IEC-related details through integration with Government and authenticated databases.
- In continuation of the above and with a view to further strengthening the IEC ecosystem, DGFT has implemented integration with the National Payments Corporation of India (NPCI), effective February 2026, for real-time validation of bank account details furnished at the time of IEC issuance and IEC modification. This integration ensures authenticity of IEC-linked bank accounts and promotes a fully digital, automated, and trusted trade facilitation framework.
- As per the revised workflow, applicants shall:i. Declare all active bank accounts linked with their PAN; and
ii. Ensure that PAN, name, and bank account details match bank records.
4. Processing of IEC Applications / Modifications based on NPCI Validation Status
i. Bank account details submitted by applicants shall be transmitted to NPCI for validation. The system will receive validation status as “Success,” “In Progress,” or “Failed.” Based on the application type and validation status, the system actions shall be as follows:
| Application Type | NPCI Validation Status | System Action |
|---|---|---|
| Apply for IEC / Modify IEC | Success (for all bank accounts) | Application proceeds under normal workflow |
| Apply for IEC | In Progress (none failed) | Application placed under Automatic Review; auto-approved upon successful validation; rejected if validation fails |
| Modify IEC | In Progress (none failed) | Application placed under Automatic Review; auto-approved upon successful validation; marked “Deficient” on first failed validation (applicant to correct details); rejected upon subsequent failure |
| Apply for IEC | Failed (any account) | Application cannot be submitted until correct details are provided |
| Modify IEC | Failed (any account) | Application cannot be submitted until correct details are provided |
ii. Where validation status is “In Progress,” the system shall periodically fetch updated status from NPCI.
- Stakeholders are advised to verify accuracy of bank details, PAN linkage, and name matching with bank records prior to submission of IEC applications or modification requests. Any issues in submission or updates may be reported through the DGFT Helpdesk.
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