API ReferenceIntegrationsKnowledge Base

On-demand Settlements

By default, the settlement cycle is T+2 days for domestic payment and T+7 days for international payments. Where T is the date the payment was captured.

The On-demand Settlement feature allows you to settle your Current Balance to your bank account instantly 24x7 for a small fee. You can either settle your Current Balance in full or choose to settle a portion of it as per your needs.

Feature Request
This is an on-demand feature. Please raise a request with our Support team to get this feature activated on your Razorpay account.

Initiate an On-demand Settlement🔗

You can initiate On-demand Settlements:

From the Dashboard🔗

Once the feature is activated on your account, you can initiate On-demand Settlements from the Dashboard.

  1. Log into the Dashboard.
  2. Navigate to Settlements.
  3. Click Settle Now. The Instant Settlement pop-up opens.
  4. Enter the amount you want settled to your bank account. This can either be your full Current Balance or a part of it. You can see the fees and tax for the on-demand settlement and the amount that will be settled to you after the fees and tax deduction on the pop-up.
    • The minimum amount you can enter is ₹2,000.
  5. Click Confirm.

The On-demand Settlement request is created. The requested amount will be settled to your bank account.

The below animation shows you how to create an On-demand Settlement.

Via APIs🔗

Once the feature is activated on your account, you can initiate On-demand Settlements using the below endpoint.

/settlements/ondemand

Read more: Refer to the API documentation for more details.

×