{"id":12313,"date":"2023-04-17T16:54:34","date_gmt":"2023-04-17T11:24:34","guid":{"rendered":"https:\/\/razorpay.com\/blog\/?p=12313"},"modified":"2025-01-07T11:22:51","modified_gmt":"2025-01-07T05:52:51","slug":"amortization","status":"publish","type":"post","link":"https:\/\/razorpay.com\/blog\/business-banking\/amortization\/","title":{"rendered":"Amortization: All You Need to Know"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_80 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-69d906394a5ce\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-69d906394a5ce\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/razorpay.com\/blog\/business-banking\/amortization\/#What_is_Amortization\" >What is Amortization?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/razorpay.com\/blog\/business-banking\/amortization\/#Amortization_of_Loans\" >Amortization of Loans<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/razorpay.com\/blog\/business-banking\/amortization\/#Amortization_of_Assets\" >Amortization of Assets\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/razorpay.com\/blog\/business-banking\/amortization\/#How_to_Calculate_Amortization\" >How to Calculate Amortization<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/razorpay.com\/blog\/business-banking\/amortization\/#Amortization_for_Loans\" >Amortization for Loans<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/razorpay.com\/blog\/business-banking\/amortization\/#Amortization_of_Assets-2\" >Amortization of Assets<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/razorpay.com\/blog\/business-banking\/amortization\/#Amortization_Schedule\" >Amortization Schedule\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/razorpay.com\/blog\/business-banking\/amortization\/#Amortization_vs_Depreciation\" >Amortization vs Depreciation<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/razorpay.com\/blog\/business-banking\/amortization\/#Importance_of_Amortization\" >Importance of Amortization<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/razorpay.com\/blog\/business-banking\/amortization\/#FAQs\" >FAQs<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/razorpay.com\/blog\/business-banking\/amortization\/#Can_the_amortization_period_of_a_loan_be_changed_after_it_has_been_set\" >Can the amortization period of a loan be changed after it has been set?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/razorpay.com\/blog\/business-banking\/amortization\/#What_happens_if_an_asset_is_fully_amortized_before_the_end_of_its_useful_life\" >What happens if an asset is fully amortized before the end of its useful life<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/razorpay.com\/blog\/business-banking\/amortization\/#How_does_amortization_differ_from_depletion\" >How does amortization differ from depletion?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"What_is_Amortization\"><\/span><b>What is Amortization?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Amortization is the process of spreading out the cost of a debt or asset over a period of time.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">When used in the context of debt, it is the process of paying off a debt over time through regular payments. It involves dividing the total amount of the debt into smaller, manageable payments, which are spread out over a fixed period.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">When used in the context of an intangible asset, it is also used to refer to the process of gradually reducing the value of an intangible asset, such as a patent, trademark, or goodwill, over time.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This is because intangible assets, unlike tangible assets, do not have a fixed physical lifespan and can potentially provide value to the company indefinitely.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Amortization_of_Loans\"><\/span><b>Amortization of Loans<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">In the case of a loan, the principal is divided by the number of payments to be made including interest to be paid for the loan.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Amortization of loans refers to the process of paying off a loan through a series of regular payments over a fixed period of time. Each payment is made up of both principal and interest, with the principal increasing and the interest decreasing over time.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In a typical amortizing loan, each payment includes both principal and interest. The interest is calculated based on the <a href=\"https:\/\/razorpay.com\/learn\/what-is-outstanding-balance\/\">outstanding balance<\/a> of the loan at that time, while the principal is the amount still unpaid.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Since interest is calculated on the outstanding unpaid balance, the first few loan payments will consist mostly of interest payments, with only a small portion going towards paying off the principal.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Over time, the principal included in each payment will gradually increase, while the interest will gradually decrease, until the loan is fully paid off.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Amortization of loans allows borrowers to repay debts in regular, manageable installments, while lenders earn interest on the outstanding balance over time.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Amortization_of_Assets\"><\/span><b>Amortization of Assets\u00a0<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Amortization of assets is the process of spreading the cost of an intangible asset over its useful life. Intangible assets do not have a physical form, such as patents, copyrights, trademarks, and goodwill.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The entire cost of an intangible asset is not counted as an expense in the year it is acquired. Instead, its cost is spread out over its useful life by amortization.\u00a0<\/span><\/p>\n<table>\n<tbody>\n<tr>\n<td><b><i>What is an asset\u2019s useful life?<\/i><\/b><\/p>\n<p><span style=\"font-weight: 400;\">The amount of time the asset is expected to bring economic value to the business is its useful life.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Let\u2019s take the example of a pharmaceutical company with a patent on a fever medication. This patent means that no other company can make that particular drug \u2013 the entire market is accessible only to this pharmaceutical company.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In India, pharmaceutical companies can hold a patent for 20 years. This means that the patent for the fever drug will give the company economic value for the next 20 years.\u00a0<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">The cost of using tangible assets is spread out as well, in a process called depreciation.\u00a0<\/span><\/p>\n<p><b>Read more: <\/b><a href=\"https:\/\/razorpay.com\/blog\/business-banking\/depreciation\/\"><b>Depreciation<\/b><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_to_Calculate_Amortization\"><\/span><b>How to Calculate Amortization<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Amortization_for_Loans\"><\/span><b>Amortization for Loans<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">The formula to calculate the amortization for loans is:\u00a0<\/span><\/p>\n<blockquote><p><span style=\"font-weight: 400;\">Monthly Payment = (Loan amount x monthly interest rate) \/ (1 &#8211; (1 + monthly interest rate)^number of payments over loan term)<\/span><\/p><\/blockquote>\n<p><a href=\"https:\/\/www.calculator.net\/amortization-calculator.html\" rel=\"nofollow noopener\" target=\"_blank\"><b>Amortization Calculator<\/b><\/a><\/p>\n<p><span style=\"font-weight: 400;\">Monthly interest rate is calculated by dividing annual interest rate by 12.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This formula will give you the amount that has to be repaid every month to fully amortize the loan by the end of the term.\u00a0<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Amortization_of_Assets-2\"><\/span><b>Amortization of Assets<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">The formula for amortization of an intangible asset is:<\/span><\/p>\n<blockquote><p><span style=\"font-weight: 400;\">Annual Amortization Expense = (Cost of Asset &#8211; Residual Value) \/ Estimated Useful Life<\/span><\/p><\/blockquote>\n<p><span style=\"font-weight: 400;\">The \u201cresidual value\u201d of the asset is the expected value of that asset at the end of its useful life.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This formula helps companies divide the cost of the asset over its useful life. This divided cost is then recorded as an expense in the company\u2019s accounting records.<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The expense reduces the value of the intangible asset on the balance sheet each year till it reaches its residual value at the end of its useful life.\u00a0<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Amortization_Schedule\"><\/span><b>Amortization Schedule\u00a0<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">An amortization schedule is used to keep track of payments made towards a loan, and as a way for the lender and borrower to communicate. It is also used by companies to track the value of an asset over its useful life.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Let\u2019s look at the amortization schedule for a machine purchased for Rs 1,00,000, which has an estimated useful life of 5 years, and a residual value of Rs 10,000 at the end of 5 years.\u00a0<\/span><\/p>\n<table>\n<tbody>\n<tr>\n<td><b>Year<\/b><\/td>\n<td><b>Beginning Balance<\/b><\/td>\n<td><b>Amortization<\/b><\/td>\n<td><b>Ending Balance<\/b><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">1<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Rs 100,000<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Rs 18,000<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Rs 82,000<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">2<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Rs 82,000<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Rs 18,000<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Rs 64,000<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">3<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Rs 64,000<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Rs 18,000<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Rs 46,000<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">4<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Rs 46,000<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Rs 18,000<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Rs 28,000<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">5<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Rs 28,000<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Rs 18,000<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Rs 10,000<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2><span class=\"ez-toc-section\" id=\"Amortization_vs_Depreciation\"><\/span><b>Amortization vs Depreciation<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Both amortization and depreciation involve the allocation of an asset&#8217;s cost over its useful life, they are used for different types of assets and may use different calculation methods.\u00a0<\/span><\/p>\n<table>\n<tbody>\n<tr>\n<td><\/td>\n<td><b>Depreciation<\/b><\/td>\n<td><b>Amortization<\/b><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Definition<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Allocation of the cost of an intangible asset over its useful life.<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Allocation of the cost of a tangible asset over its useful life.<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Asset Type<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Intangible assets such as patents, copyrights, and trademarks.<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Tangible assets such as buildings, equipment, and vehicles.<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Calculation Method<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Generally, amortization is calculated using the straight-line method, where the cost of the asset is spread evenly over its useful life.<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Depreciation can be calculated using various methods, including the straight-line method, declining balance method, and sum-of-the-years&#8217; digits method.<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Salvage Value<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Often, intangible assets have no salvage value at the end of their useful life.<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Tangible assets may have a salvage value, which is the estimated value of the asset at the end of its useful life.<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Importance_of_Amortization\"><\/span><b>Importance of Amortization<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Amortization is the best way to account for the value of a loan or asset over a period of time. It would be mathematically incorrect to account for the entire value of a loan or asset the moment it is acquired.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">By writing down and maintaining a detailed schedule of payments or value deductions, the company has insight into its future position in terms of assets or debt.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Whether it&#8217;s for loans, intangible assets or other assets, amortization helps individuals and businesses better manage their finances and plan for the future.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">At RazorpayX, we understand the importance of financial management and offer a wide range of financial solutions to help businesses streamline their financial operations.\u00a0<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Easy credit: Guaranteed collateral free Credit Cards<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Powerful automation: Taxes, Vendor Payments, Payroll and more.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Smart Dashboard: Manage inflows and outflows seamlessly<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Forex Services and more<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Integrated access: Access via desktop, mobile or your smartwatch.<\/span><\/li>\n<\/ul>\n<p style=\"text-align: center;\"><a style=\"border-radius: 3px; background: #528FF0; padding: 15px; font-weight: 600; cursor: pointer; text-decoration: none; color: white;\" href=\"https:\/\/razorpay.com\/x\/?r=blog_cta_business_banking_amortization&amp;utm_source=blog&amp;utm_medium=cta\" target=\"_blank\" rel=\"noopener\" data-schema-attribute=\"\">Check out RazorpayX<\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"FAQs\"><\/span>FAQs<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<div id=\"rank-math-rich-snippet-wrapper\"><div id=\"rank-math-faq\" class=\"rank-math-block\">\n<div class=\"rank-math-list \">\n<div id=\"faq-1\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><span class=\"ez-toc-section\" id=\"Can_the_amortization_period_of_a_loan_be_changed_after_it_has_been_set\"><\/span>Can the amortization period of a loan be changed after it has been set?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>Yes, it is possible to change the amortization period of a loan, although it may come with certain restrictions or fees depending on the terms of the loan agreement.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-2\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><span class=\"ez-toc-section\" id=\"What_happens_if_an_asset_is_fully_amortized_before_the_end_of_its_useful_life\"><\/span>What happens if an asset is fully amortized before the end of its useful life<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>If an asset is fully amortized before the end of its useful life, it means that the entire cost of the asset has been allocated to the company's expenses. At this point, the asset will no longer appear on the company's balance sheet and any remaining value of the asset will need to be written off.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-3\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><span class=\"ez-toc-section\" id=\"How_does_amortization_differ_from_depletion\"><\/span>How does amortization differ from depletion?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>Amortization and depletion are similar concepts in that they both involve the allocation of an asset's cost over its useful life. However, depletion is specifically used in accounting for natural resources, such as oil, gas or minerals, and involves the gradual reduction of the asset's value over time as it is extracted or used up. Amortization, on the other hand, is used for intangible assets and tangible assets that don't fall under the category of natural resources.<\/p>\n\n<\/div>\n<\/div>\n<\/div>\n<\/div><\/div>\n","protected":false},"excerpt":{"rendered":"<p>What is Amortization? Amortization is the process of spreading out the cost of a debt or asset over a period of time.\u00a0 When used in the context of debt, it is the process of paying off a debt over time through regular payments. It involves dividing the total amount of the debt into smaller, manageable<\/p>\n","protected":false},"author":106,"featured_media":12314,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[27],"tags":[],"class_list":{"0":"post-12313","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business-banking"},"_links":{"self":[{"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/posts\/12313","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/users\/106"}],"replies":[{"embeddable":true,"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/comments?post=12313"}],"version-history":[{"count":1,"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/posts\/12313\/revisions"}],"predecessor-version":[{"id":19993,"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/posts\/12313\/revisions\/19993"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/media\/12314"}],"wp:attachment":[{"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/media?parent=12313"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/categories?post=12313"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/tags?post=12313"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}