About Fund Accounts

Create, Update and View Fund Accounts on the RazorpayX Dashboard.


A Payout is made to a Contact (similar to a beneficiary in banking terminology). To make a Payout to a Contact, you must add a Fund account to the Contact. A Fund account is an entity to which payouts are made. To make a payout to a Contact, you must add a Fund account to the Contact. There is no limitation to the number of Fund accounts a Contact can have.

Fund accounts are associated with a Contact. Payouts are made to the Fund accounts. There are three types of fund accounts:

  • Bank account: Make payouts to a beneficiary's bank account via bank transfer using one of the available such as NEFT or IMPS.
  • UPI ID (VPA): Make payouts to a beneficiary's UPI ID via a UPI transfer.
  • Cards: Know more about .
    • Credit Card: Make payouts directly to a beneficiary's credit card by bank transfer using NEFT or IMPS.
    • Debit Card or Prepaid Card: Make payouts directly to a beneficiary's debit card or prepaid card using the 'card' mode.
  • Wallet: Make payouts to your beneficiary's wallet. You can make payouts to a beneficiary via an Amazon Pay gift card. Know more about .

Know about the

and the .

The following table lists down the actions that can be performed on Fund accounts using APIs, Dashboard and Bulk Upload:

You can create Fund accounts using APIs either with

details or , or .

After logging in to your RazorpayX account, you can start creating a contact and its associated fund account. Refer below for steps on how to create a contact with a fund account, and how to update it.

To create a Contact with Fund Account from the Dashboard:

  1. Log in to the .
  2. Navigate to Contacts.
  3. Click + CONTACT.
  4. Fill Contact details and click NEXT.
  5. Add Fund Account details.
  6. Click SAVE AND CLOSE.

To add a new Fund Account to an existing Contact from the Dashboard:

  1. Log in to the .
  2. Navigate to Contacts.
  3. Select the Contact you want to edit.
  4. Click ADD FUND ACCOUNT.
  5. Add the Fund Account details.
  6. Click SAVE AND CLOSE.

You can also

.


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