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Accept Payments From Indian Customers

Follow the steps given below to onboard and accept payments from Indian customers:
1

Step 1

Log in to the Dashboard.
2

Step 2

Navigate to Account & Settings.
3

Step 3

You must provide the Purpose Code information when applying for international payments.
  1. Click International Payment Codes under International payment settings.
  2. Update your purpose code under the International Payment Codes section.
  3. Select the appropriate Purpose Code.
Based on your business requirements, you also need to provide your HS Code or IEC Code.
  1. Click International Payment Codes under International payment settings.
  2. Update your HS Code under the International Payment Codes section.
  3. Select the appropriate Harmonised System Code, also known as HS Code.
Handy Tips
  • For Software: HSCode is 85238020 and HSDescription is Other Information technology software.
  • For Goods: Refer to the list from the DGFT website.
    1. Click International Payment Codes under International payment settings.
    2. Update your IEC Code under the International Payment Codes section.
    3. Select the appropriate Purpose Code.
    4. Enter the 10-digit Importer/Exporter Code (IEC) and click Next.
Watch Out!The IEC is a code issued by the Indian Director General of Foreign Trade (DGFT) to Indian companies that intend to export from India. You can apply for an IEC at the DGFT website.The IEC code input screen appears for specific purpose codes, (P0103) being one of them.
  1. Review and click Confirm. The Razorpay Activation/Operations team verifies the selected Purpose Code.
As consumers or buyers, you get an option to make payments through the Razorpay Payment Gateway. On selecting Razorpay, various payment methods will be displayed on Razorpay checkout to complete the payment.