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Account Types

Current Account

RazorpayX - Current Account

Explore RazorpayX powered Current Account, the application process, documents required and how to add funds.

RazorpayX powered

Current Account

comes with a robust set of tools and integrations that make financial management powerful and easy. Current Accounts enable you to manage receivables and payables in one place and offer all standard banking features like a chequebook, debit card and account statement.

Open a Current Account

To open a RazorpayX powered Current Account:

  1. Log in to the

    RazorpayX Dashboard

    .

  2. Go to the Current Account

    application link

    . Keep your Business PAN/GSTIN readily available to make your application process quicker.

  3. Provide your

    Business PAN

    /

    GSTIN

    to auto-fill your application.

    Enter either Business PAN or GSTIN to autofill Current Account Application

    You can also manually enter your business details. Refer to the list of

    required documents

    .

  4. Review the business details retrieved by the identity number you provided.

    1. Verify the address for the on-site visit.
      Verify and select from the addresses fetched
    2. Review the details of your account type.
      Review your current account details
    3. Edit your signatories/declarations.

  5. Complete the OTP verification process.

Handy Tips

You can always check the status of your application on the Dashboard.

After verifying your details, RazorpayX works to open your Current Account with the partner bank. You can access your Current Account details and avail the benefits on your RazorpayX

Dashboard

.

Here is a sample dashboard after account activation:

RazorpayX Account Dashboard after Activation

Add funds

to your Current Account to get started.

Required Documents

Check the documents required to open a Current Account with the following banks as per your business type in RazorpayX:

  1. ICICI
  2. RBL

Add Funds

After account activation, add funds to your RazorpayX account to make payouts. You can do this by direct bank transfer via:

Direct Bank Transfer: Netbanking

You can transfer funds to your RazorpayX account via a direct bank transfer from bank accounts.

Direct Bank Transfers: UPI Apps

To transfer funds to RazorpayX Lite from your UPI app:

  1. Log in to your UPI app.
  2. Create a beneficiary using your RazorpayX account number and IFSC details. You can find these details on your Dashboard →
    My Account & Settings
    .
  3. Transfer funds via IMPS.

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