Digital Linking

The Account Linking APIs enable ERP systems to connect a merchant’s bank account with Open for seamless banking operations. Below are the list of banks which allows digital linking of accounts.

• Axis
• SBI
• Kotak
• IDFC

Linking Workflow:

• Initiate Linking:

ERP calls the Link New Bank A/C API with the merchant’s username (email ID or mobile number) and bank/account identifier.

Open validates the username and returns a redirect URL with a one-time session token.

• User Authentication:
  • ERP redirects the user to the provided URL.
  • The user completes the account linking process by entering the required details as prescribed by the selected bank.
    
    
• Completion & Status:
  • After linking, the user is redirected back to the ERP’s redirect URL.
  • ERP can check the account linking status via the Get Linked Accounts API using the account_ref_id as a query parameter.
  • The same API can be used to list all linked bank accounts for the user along with their current status.

Webhook Notification:

Open triggers a webhook to the ERP’s configured endpoint with the event type account_linking and the linking status once the process is complete.

• Supported Banks:

  • ICICI
  • Yes Bank
  • AXIS
  • HSBC
  • Standard Chartered (StanC)
  • SBI
  • Kotak
  • IDFC
  • HDFC.

• Account Linking Flow

  • Provide the bank account Details

• Redirection to bank page

• Linking Confirmation