About Fund Accounts

Fund Account Types

Fund accounts are associated with a Contact. Payouts are made to the Fund accounts. There are three types of fund accounts:

• Bank account: Make payouts to a beneficiary's bank account via bank transfer using one of the available such as NEFT or IMPS.
• UPI ID (VPA): Make payouts to a beneficiary's UPI ID via a UPI transfer.
• Cards: Know more about

  Payouts to Cards

  .
  • Credit Card: Make payouts directly to a beneficiary's credit card by bank transfer using NEFT or IMPS.
  • Debit Card or Prepaid Card: Make payouts directly to a beneficiary's debit card or prepaid card using the 'card' mode.
• Wallet: Make payouts to your beneficiary's wallet. You can make payouts to a beneficiary via an Amazon Pay gift card. Know more about

  Payouts to Amazon Pay Wallet

  .

Know about the

Fund Account Actions

The following table lists down the actions that can be performed on Fund accounts using APIs, Dashboard and Bulk Upload:

You can create Fund accounts using APIs either with

Dashboard Actions

After logging in to your RazorpayX account, you can start creating a contact and its associated fund account. Refer below for steps on how to create a contact with a fund account, and how to update it.

Create a Contact with Fund Account

To create a Contact with Fund Account from the Dashboard:

1. Log in to the

   RazorpayX Dashboard

   .
2. Navigate to Contacts.
3. Click + CONTACT.
4. Fill Contact details and click NEXT.
5. Add Fund Account details.
6. Click SAVE AND CLOSE.

Update a Contact and Fund Account

To update a Contact or Fund Account from the Dashboard:

1. Log in to the

   RazorpayX Dashboard

   .
2. Navigate to Contacts.
3. Select the Contact you want to edit.
4. Navigate to Options → Edit Contact.
5. Edit Contact details and click NEXT.
6. Edit the Fund Account details.
7. Click SAVE AND CLOSE.

You can also

Next Steps

• Fund Account Validation

Related Information

• Payouts

• Contacts

• Fund Account APIs