{"id":4971,"date":"2020-07-20T13:46:13","date_gmt":"2020-07-20T08:16:13","guid":{"rendered":"https:\/\/razorpay.com\/blog\/?p=4971"},"modified":"2025-03-05T09:53:33","modified_gmt":"2025-03-05T04:23:33","slug":"how-to-get-started-razorpayx-current-accounts","status":"publish","type":"post","link":"https:\/\/razorpay.com\/blog\/business-banking\/how-to-get-started-razorpayx-current-accounts\/","title":{"rendered":"How to Get Started with RazorpayX Current Accounts"},"content":{"rendered":"

Getting a powerful current account for your business is essentially the first step in efficiently managing your cash flow. It\u2019s the only place where you can get a 360-degree view of your business transactions.\u00a0<\/span><\/p>\n

What is RazorpayX Current Account?<\/b>\u00a0<\/span><\/h2>\n

RazorpayX Current Account<\/a> is a smart current account that empowers you to manage your entire banking, right from money movement to accounting in one place.\u00a0<\/span><\/p>\n

Your RazorpayX Current Account not only comes with all standard banking features like cheque book<\/a>, debit card, and account statements plus great tech capabilities like insightful financial reports, instant payouts, approvals workflow, API banking, and more.\u00a0<\/span><\/p>\n

Apply For A Current Account<\/a><\/div>\n

 <\/p>\n

How can you apply for a RazorpayX Current Account?<\/b>\u00a0<\/span><\/h2>\n
    \n
  1. Log into your X <\/span>Dashboard<\/span><\/a><\/li>\n
  2. Click on \u2018<\/span>Apply for a Current Account<\/b>\u2019\u00a0<\/span>\"Apply3. Select \u201c<\/span>Request Access\u201d<\/b><\/li>\n<\/ol>\n

    \"Apply<\/p>\n

    4. Enter the pincode of your registered business address & hit <\/span>\u2018Submit\u2019<\/b><\/p>\n

    \"Apply<\/p>\n

    5. Your application for a Current Account is now submitted. Once this is done, our team will contact you for further processes<\/span><\/p>\n

    \"Apply<\/p>\n

    Pro Tip:<\/i><\/b>\u00a0 Before getting started, go<\/strong><\/span> through the <\/b>list of documents<\/b><\/a> you\u2019ll need for the mandatory KYC of your RazorpayX Current Account.<\/b><\/p>\n

    How can you simplify your business finances with RazorpayX Current Account?<\/h2>\n

    With RazorpayX, you can do everything that you can do with a traditional current account, and \u2013\u00a0<\/span><\/p>\n

    Make instant payouts via Dashboard & APIs\u00a0<\/b><\/h3>\n

    Once your RazorpayX Current Account is activated, you can start making single or bulk payouts to your vendors, customers, partners, employees, and more via IMPS, NEFT<\/a>, RTGS, UPI. You can also schedule and queue your payouts along with making payouts to a credit card.\u00a0<\/span><\/p>\n

    Get insightful financial reports\u00a0<\/b><\/h3>\n

    Access important financial information like cash flow, P&L reports, and more that gives you a real-time view of your business transactions. RazorpayX gets you all the financial information that is crucial for making smart business decisions.\u00a0<\/span><\/p>\n

    Get access to smart apps & integrations\u00a0<\/b><\/h3>\n

    <\/b>1. Vendor Payments<\/strong><\/p>\n

    You can automate payments to your vendors and contractors with RazorpayX Vendor Payments app in less than 5 minutes. RazorpayX also allows you to calculate and deduct tax at source (TDS) for your invoice<\/a> payments.\u00a0<\/span><\/p>\n

    2. Payout Links\u00a0<\/strong><\/p>\n

    RazorpayX Payout Links empowers you to make seamless payments to your vendors and contractors\u00a0 And, you can also disburse refunds, cashbacks, prize money to your customers, instantly, <\/span>without <\/span><\/i>their bank account details.\u00a0<\/span><\/p>\n

    3. Payroll<\/strong><\/p>\n

    You can automate and execute payroll, compliance, and contractor payments on your RazorpayX Dashboard with <\/span>Opfin – an end-to-end payroll solution<\/span><\/a>.\u00a0<\/span><\/p>\n

    Set up an efficient approval workflow<\/b><\/h3>\n

    To reduce human errors, RazorpayX allows you to create custom workflows for the creation and approval of your payouts via Dashboard, using API, or using the Bulk Payout feature. Raise a request to enable this feature with our support team.\u00a0<\/span><\/p>\n

    Manage teams<\/b><\/h3>\n

    You can add your teammates and assign them roles to limit their access to the Dashboard as per your business requirements. Currently, we support four roles – Owner, admin, finance roles, operations, view only.\u00a0<\/span><\/p>\n

    Go ahead & apply for a Current Account with RazorpayX in minutes and start experiencing friction-less money movement for your business.\u00a0<\/span><\/p>\n

    Apply For A Current Account<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

    RazorpayX Current Account is a smart current account that empowers you to manage your entire banking, right from money movement to accounting in one place.\u00a0<\/p>\n","protected":false},"author":59,"featured_media":4976,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[27],"tags":[],"class_list":{"0":"post-4971","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\/4971","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\/59"}],"replies":[{"embeddable":true,"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/comments?post=4971"}],"version-history":[{"count":3,"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/posts\/4971\/revisions"}],"predecessor-version":[{"id":21266,"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/posts\/4971\/revisions\/21266"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/media\/4976"}],"wp:attachment":[{"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/media?parent=4971"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/categories?post=4971"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/tags?post=4971"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}