Your payouts go to a bank account, and that account has to be in the name you verified.
Do it before your first show
Not after. A seller who sells well on a Saturday and then finds their payout bouncing on Monday has had a worse weekend than they needed to.
What to check
The name, against your ID. Exactly this, nothing clever.
The account number, typed twice and read back.
The IFSC, which is the one people get wrong by copying the branch rather than the account's own code.
What happens when something is wrong
The payout fails and retries once the details are corrected. The money is not lost; it is waiting. What to do.
When the money actually moves
After the item reaches the buyer, not when they pay. Why the hold exists, and what you get for it.
Questions people ask
Can I use a current account?
Yes, as long as the name matches.
Can I change the account later?
Yes, with re-verification. Do it when no payout is in flight.
Can the account be in my business's name?
If the business is verifiably yours, yes. A name unconnected to the verified identity, no.
Do I need to add payment details to receive money?
No. You give us a bank account; buyers pay through the payment provider.
Next: when do I get paid, my payout failed.