API Terms
Bearer Token
Bearer Token
An authentication token passed in the
Authorization header to authenticate API requests. Format: Bearer YOUR_API_TOKENCredits
Credits
The unit of consumption for API calls. Each verification consumes a specific
number of credits based on the verification type.
Request ID
Request ID
A unique identifier returned by asynchronous APIs (like GST verification) to
track and fetch verification results.
TAT (Turnaround Time)
TAT (Turnaround Time)
The time taken to complete a verification process. KonnectNXT offers industry-leading TAT of under 48 hours for most checks.
Verification Types
BGV (Background Verification)
BGV (Background Verification)
Comprehensive background check covering identity, employment, education, criminal records, and address verification.
Penny Drop
Penny Drop
A bank account verification method where a small amount (typically ₹1) is
deposited to verify account validity and holder name.
KYC (Know Your Customer)
KYC (Know Your Customer)
Identity verification process to validate customer identity using
government-issued documents like Aadhaar, PAN, etc.
UAN (Universal Account Number)
UAN (Universal Account Number)
A 12-digit number assigned to employees for EPFO (Employee Provident Fund Organization) tracking. Used for employment verification.
Document Identifiers
PAN (Permanent Account Number)
PAN (Permanent Account Number)
A 10-character alphanumeric identifier issued by the Income Tax Department of India. Format: ABCDE1234F (5 letters + 4 digits + 1 letter).
Aadhaar
Aadhaar
A 12-digit unique identification number issued by UIDAI (Unique Identification
Authority of India) to Indian residents.
GSTIN (GST Identification Number)
GSTIN (GST Identification Number)
A 15-character identifier for businesses registered under GST. Format: 2
digits (state code) + 10 characters (PAN) + 3 characters (entity details).
IFSC (Indian Financial System Code)
IFSC (Indian Financial System Code)
An 11-character code identifying bank branches in India. Format: 4 letters (bank code) + 0 + 6 alphanumeric characters (branch code).
Compliance & Security
ISO 27001:2022
ISO 27001:2022
International standard for Information Security Management Systems (ISMS). KonnectNXT is ISO 27001:2022 certified.
SOC 2 Type II
SOC 2 Type II
Security audit framework for service organizations covering security,
availability, processing integrity, confidentiality, and privacy.
GDPR (General Data Protection Regulation)
GDPR (General Data Protection Regulation)
European data protection and privacy regulation. KonnectNXT is working towards
GDPR compliance.
DPDP Act (Digital Personal Data Protection Act)
DPDP Act (Digital Personal Data Protection Act)
India’s data protection legislation enacted in 2023. Governs processing of digital personal data.
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