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  • RazorpayX Lite: A digital account created in RazorpayX with simple and quick KYC verification process for businesses to start accepting payments within a short span of time.
  • Current Account: A traditional banking account that offers all standard banking features like cheque book, debit card and account statements. Current Account is offered in partnership with Partner Banks.
Handy Tips
The Partner Banks for Current Account are RBL, Yes Bank, IDFC First and Axis Bank) presently. Contact Support to open a Current Account with the bank of your choice (subject to individual approval).

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RazorpayX Account Features

By signing up for a RazorpayX account, you unlock a variety of features that streamlines your banking and financial management. These features are available on both RazorpayX Lite and Current Account. Few of them are:

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Low Balance Alerts for RazorpayX Account

If your account does not have a sufficient balance, payouts are queued and processed only after you add funds to your account. This could cause delays in processing payouts and a bad experience for your customers or vendors. To help you avoid low balance scenarios, you can set up email alerts when your account balance falls below the limit set by you.

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Set Up Email Alerts

Watch this video to know how to set up low balance email alerts. To set up email alerts:
  1. Go to RazorpayX Dashboard.
  2. Navigate to My Accounts & Settings → Banking → Low Balance Alerts.
  3. Enter the amount that you consider is a low balance and want to be alerted about. Select the frequency at which you want to receive those alerts.
  4. Finally, select the email addresses where you want to receive the low balance alerts.
Watch Out!You can set Low Balance Alerts only in Live mode. It does not work in Test mode.The following options are available when setting low balance alerts:

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Independent Limits

You can set up independent limits for each bank account linked to your RazorpayX account. For example, you can set the limit as ₹50,000 for RazorpayX Lite and ₹75,000 for your current account.

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Notification Frequency

You can select how often you want the email alerts to be sent to you. The default is set to 8 hours. The available options are 4, 8, 12 and 24 hours.
Handy Tips
You can set up alerts to multiple email addresses. You can also send these emails to users who are not part of your RazorpayX team.