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Onboarding Process

1

[Contact Razorpay Support](https://razorpay.com/x/corporate-cards/s...

Contact Razorpay Support to raise a request for Corporate Cards.
2

Razorpay checks eligibility based on policies.

Razorpay checks eligibility based on policies.
3

Submit [required documents](/x/capital/corporate-cards/docs-require...

Submit required documents for KYC verification by Razorpay and YBL.
4

Assessment of credit card limit by YBL.

Assessment of credit card limit by YBL.
5

Sanction letter issued by YBL.

Sanction letter issued by YBL.
6

Post-sanction documentation like signed agreements on stamp paper,...

Post-sanction documentation like signed agreements on stamp paper, original documents verification, and so on.
7

Final KYC and CKYC (Central KYC, a process of checking your KYC wit...

Final KYC and CKYC (Central KYC, a process of checking your KYC with the nation-wide Central repository of all registered KYCs).
8

Card issuance and despatch.

Card issuance and despatch.
9

Card activation.

Card activation.

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Eligibility Criteria

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Criteria | Based on PG Policy | Based on PG + Financials Policy | Based on Financials Alone

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Max Amount | Up to 30 L | Up to 1.5 Cr | Up to 3 Cr

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PG Vintage| > 6 months | > 6 months | Not Required

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Avg 6 months Razorpay PG GMV (Gross Merchandise Value) | > 1 L | > 5 L | Not Required

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Turnover (previous FY) | Not Required | > 6 Cr | > 50 Cr

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PAT (Profit After Tax) | Not Required | Positive for previous 2 years | Positive for previous 2 years

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Entity Type| Pvt Ltd, Public Ltd, LLP, Partnership, Proprietorship | Pvt Ltd, Public Ltd, LLP, Partnership, Proprietorship | Pvt Ltd, Public Ltd, LLP, Partnership, Proprietorship

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Exclusions | Negative Industry List | Negative Industry List | Negative Industry List

Business Vintage | 3+ years | 3+ years | 2+ years
Handy Tips
Secured Cards do not require the above eligibility criteria to be met. They are sanctioned solely based on Fixed Deposit(s). The deposit is lien-marked against the Corporate Card santioned. Secured Cards are:
  • Suitable and recommended for entities failing to meet the criteria for Unsecured Cards by partner banks.
  • Available for any registered entity (including trust, proprietorship, partnership and society).
  • Sanctioned for a maximum limit of 90% of the deposit amount.
  • Minimum deposit required is 7 lakhs, which is negotiable up to 5 lakhs. The deposit will earn interest as per prevailing bank norms.
Watch Out!
  • All policy changes and final underwriting decisions rest solely with Yes Bank, in accordance with applicable RBI regulations.
  • Premature closure of the lien-marked FD is not permitted while the card is active, though partial withdrawals may be allowed subject to the credit limit, as per the norms by the partner bank.