{"id":8785,"date":"2022-08-25T13:28:51","date_gmt":"2022-08-25T07:58:51","guid":{"rendered":"https:\/\/razorpay.com\/blog\/?p=8785"},"modified":"2023-01-27T11:45:04","modified_gmt":"2023-01-27T06:15:04","slug":"razorpayx-payroll-jupiter","status":"publish","type":"post","link":"https:\/\/razorpay.com\/payroll\/razorpayx-payroll-jupiter\/","title":{"rendered":"RazorpayX Payroll + Jupiter: Expanding Your Payroll Universe"},"content":{"rendered":"

\u201cUh-umm, for that, you\u2019ll need to visit our nearest bank branch.\u201d<\/span><\/p>\n

If you had a dollar for every time you heard that\u2026<\/span><\/p>\n

It\u2019s no doubt that while businesses and consumers have evolved, banking hasn\u2019t. There is a gap in the system in terms of speed and convenience\u2013the two most indispensable factors driving tech-first user experience.\u00a0<\/span><\/p>\n

For instance, it\u2019s a common practice to visit banks to open a new salary account, grievance redressals, and more.\u00a0<\/span><\/p>\n

Well, not anymore!<\/span><\/p>\n

We bring you a tailor-made solution for startups that will solve all the above problems and offers much more.<\/span><\/p>\n

*\u00a0 Drumrolls, please *<\/span><\/i><\/p>\n

RazorpayX Payroll is now integrated with Jupiter!<\/span><\/p>\n

Read on to know more.<\/span><\/p>\n

Banking that keeps pace with you & your employees<\/b><\/h2>\n

As a startup founder or someone managing an organisation’s operations, you know all that goes into managing payroll and disbursing salaries. With RazorpayX Payroll, calculating payroll and disbursing salaries is just a matter of a few clicks.<\/span><\/p>\n

And with RazorpayX Payroll now integrating with Jupiter<\/a>, all this has gone a step further!<\/span><\/p>\n

Besides paying your employees on time with RazorpayX Payroll, you can simply guide your employees to create an instant Jupiter Pro salary account. That will go a long way in enhancing <\/span>the ease, efficiency and accessibility for employees.<\/span><\/p>\n

Not just that, banks often have eligibility criteria for the amount of salary credited for individuals to open a salary account. And procedures like employees must be employed with a corporate that has a salary account relationship with banks. Our goal with this integration is to change this and smoothen the process, especially for startups.<\/span><\/p>\n

Benefits of Jupiter Pro Account<\/b><\/h3>\n

1. Free health insurance policy from ICICI Lombard\u00a0<\/b><\/h4>\n

Account holders can benefit from a free health insurance policy from ICICI Lombard of Rs. 2 Lakh base plan or Rs. 20 Lakh super top-up with Rs. 3 Lakh deductible.<\/span><\/p>\n

2. Earn rewards every month<\/b><\/h4>\n

Individuals can earn 1% rewards up to Rs. 250 on all debit cards and selected UPI spends every month. Your employees can also convert rewards to digital gold or cash instantly. Plus, the rewards never expire!<\/span>\u00a0<\/span><\/p>\n

3. Zero balance account<\/b><\/h4>\n

There is no requirement for account holders to maintain a minimum balance. Also, there are zero hidden fees and zero maintenance charges.<\/span><\/p>\n

Besides these, account holders can avail of the on-demand salary option through which they can make any day their payday.<\/span><\/p>\n

Request a demo now<\/a><\/div>\n

Say hello to on-demand salary<\/b><\/h2>\n

As the name suggests, through on-demand pay, startup founders can allow their employees to access their salary on demand. This implies the employees can receive their full or partial salary on any day, rather than waiting for the standard payday.<\/span><\/p>\n

Benefits of on-demand pay<\/b><\/h3>\n