Instant Settlements
Use the Instant Settlement feature to settle funds instantly to your bank account.
You can use the Instant Settlement feature in Razorpay to settle your available balance to your bank account instantly, 24x7, for a small fee.
- You can either settle your available balance to your bank account in full or choose to settle a portion of it, unless you reach the maximum daily withdrawable limit.
- The maximum daily withdrawable limit is a limit set for each Razorpay merchant for instant settlements which resets automatically at the start of each working day.
- By default, the settlement cycle is T+2 days for domestic payments and for international payments it is as per applicable law(s), where T is the date the payment was captured. With Instant Settlements, you receive funds on a T+0 basis.
- You can use to settle amounts < ₹5 Cr and to settle amounts > ₹5 Cr and < ₹50 Cr.
Feature Request
This is an on-demand feature. Please raise a request with our
to get this feature activated on your Razorpay account.- Amounts < ₹5 L are settled instantly through Instant Settlements. Instant Settlements are routed through the IMPS channel.
- Smart Settlement option also is enabled when the entered amount is > ₹5 L and < ₹5 Cr. You can choose between Instant or Smart Settlement here.
- If you choose Smart Settlement, the amount will reflect as a single credit in your bank statement since it uses the RTGS channel.
- If you choose Instant Settlement, the settlement will show as multiple credits in your bank statement as IMPS channel has a cap of ₹5 L per transaction.
- Amounts > ₹5 Cr and < ₹50 Cr are settled only through Smart Settlements.
- Easy and instant access to your money.
- Increased cash flows enabling better payment cycles.
- Better management of inventory and stock.
Settle amounts < ₹5 Cr through Instant Settlement feature via Dashboard and API:
Create Instant Settlements from the Dashboard.
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Log in to the Dashboard.
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Navigate to Settlements.
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Click Settle Now to go to the Instant Settlements window.
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Your current balance, maximum daily withdrawal limit and the current withdrawable amount are displayed. Enter the amount you want to settle to your bank account.
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Click Next. A pop-up showing Instant Settlement opens. The fees + tax for the Instant Settlement and the net amount that will be credited to your account will be displayed in the pop up.
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Click Settle Now to settle instantly.
Use the Smart Settlement feature to settle amounts > ₹5 L and < ₹50 Cr in a single shot within a time span of 1 hour.
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Log in to the Dashboard.
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Navigate to Settlements.
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Click Settle Now to go to the Instant Settlements window.
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Your current balance, maximum daily withdrawal limit and the current withdrawable amount are displayed. Enter the amount you want to settle to your bank account.
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Click Next. A pop-up showing Instant Settlement and Smart Settlement opens. The fees + tax for the settlement and the net amount that will be credited to your account will be displayed in the pop up.
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For amounts > ₹5 L, the recommended option is Smart Settlement.
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Click Settle Now after selecting Smart Settlement.
The Smart Settlement request is created. The requested amount will be settled to your bank account within 1 hour.
Watch Out!
- Smart Settlement can be used via Dashboard only.
- For amounts > ₹5 Cr, only the Smart Settlement option will be enabled in the pop-up.
You can check the Dashboard for latest updates on the limits and availability of instant settlements.
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