The Net Worth API requires specific inputs to provide a detailed and comprehensive output of an individual's net worth, encompassing both digital and physical assets. Understanding these inputs is crucial for correctly leveraging the API to get accurate and relevant financial data. Here’s a detailed breakdown of each input category:
1. Mobile Number & OTP
Purpose: Identification and fetching of digital assets.
Description: The mobile number serves as a unique identifier for the user and to identify their digital assets like Bank Account Statements, Mutual funds, Stocks, Bonds, and other digital assets that are deposited with different repositories, we fetch this data with the user's consent as an OTP.
2. Vehicle Registration Number (RC No.)
Purpose: Identification of vehicle assets.
Description: This input is used to fetch details about the vehicles owned by the user, including make, model, year, and current market value. This information contributes to the overall asset value calculation in the net worth summary.
3. Real Estate Area and Pincode
Purpose: Localization and valuation of real estate properties.
Description: Inputting the area and pincode where the property is located allows the API to assess the
property's value based on current market trends and geographic specifics. This data is essential for accurately
reflecting the value of real estate holdings in the user's total net worth.
The Net Worth API is designed to provide a consolidated view of an individual's financial position by integrating and summarising data from various asset categories such as bank accounts, stocks, mutual funds, and vehicles. Net Worth API offers a ...
The Net Worth API serves a variety of users, each leveraging its capabilities in unique ways to enhance financial management, decision-making, and service delivery. Here’s a detailed look at how different groups can benefit from this API: Banks and ...
The Net Worth API showcases a variety of detailed features across multiple financial sectors, as illustrated in the provided images. Each feature plays a crucial role in providing a holistic view of an individual’s financial status: Asset ...
Yes, the Net Worth API is designed to integrate smoothly with existing banking systems. This integration capability allows for the aggregation of financial data from multiple sources, providing a consolidated view of an individual's net worth ...
The financial data provided by the Net Worth API is updated in real-time, ensuring that the information displayed reflects the current market conditions and account balances. This allows users to make informed decisions based on the most recent data ...