Is RazorpayX available for business in India?

By Morten Andersen, cofounder of Business Bank Index
Reviewed by Fredrik Filipsson
Availability

RazorpayX for business in India: Available

Key eligibility
For businesses registered in India that complete KYC
Non resident position
Built for India registered businesses, not a non resident product
Local currency support
Indian rupee current account through partner banks
Headline monthly fee
No monthly maintenance fee on the current account; a one time subscription applies, verify current amount
Availability and fees as of 8 April 2026Last reviewed 8 April 2026

General information, not financial, legal, or tax advice. Verify current terms and eligibility with the provider before applying.

Yes. RazorpayX is an Indian business banking platform that provides a rupee current account for businesses registered in India. As of 8 April 2026, the account is delivered with partner banks and there is no minimum balance or monthly maintenance fee, with a one time subscription to activate. Verify the current terms with the provider.

Does RazorpayX serve business customers in India?

Yes. RazorpayX is the business banking arm of the Indian company Razorpay, built specifically for businesses registered in India. As of 8 April 2026, it provides a current account delivered through partner banks such as ICICI Bank, Yes Bank, Axis Bank, and RBL Bank, along with payouts, payroll, and corporate cards managed from one dashboard. Because it is an Indian product for Indian companies, it is available to eligible businesses registered in India.

Eligibility for businesses in India

RazorpayX is for businesses registered in India, such as private limited companies, limited liability partnerships, partnerships, and sole proprietors, that can complete know your customer checks with the required company and director documents. Online opening is offered for most profiles, often within a day. Exact documents depend on the partner bank and entity type. Verify with the provider

What it costs locally

As of 8 April 2026, RazorpayX markets the current account with no setup requirement, no minimum balance, and no monthly maintenance fee, with a one time current account subscription to activate, reported around 1499 rupees. Transaction rails such as NEFT, RTGS, IMPS, and UPI payouts carry per transaction charges. Confirm the current subscription amount and per transaction pricing with the provider, since plans and partner bank terms change. As of 8 April 2026

What local users report

Indian startups and small businesses commonly use RazorpayX alongside the Razorpay payment gateway for collections, payouts, and payroll from a single dashboard. Reported strengths are fast online opening and automation of vendor and salary payouts. As with any platform built on partner banks, the day to day banking experience and support can depend on the underlying bank, so review the current terms before relying on it.

How to open RazorpayX for business in India

  1. Confirm your business is registered in India and gather your company and director KYC documents.
  2. Apply online through RazorpayX and choose the current account and partner bank option that fits your entity type.
  3. Complete verification, activate the account, and connect payouts or payroll as needed.
Open with RazorpayX →

Questions about RazorpayX in India

Is RazorpayX available for business in India?
Yes. As of 8 April 2026, RazorpayX provides a business current account for businesses registered in India, delivered through partner banks. Verify the current terms with the provider.
Who can open a RazorpayX current account?
Businesses registered in India, including private limited companies, limited liability partnerships, partnerships, and sole proprietors, that can complete KYC checks. As of 8 April 2026, required documents depend on the partner bank and entity type. Confirm with the provider.
How much does RazorpayX cost?
As of 8 April 2026, RazorpayX markets the current account with no minimum balance and no monthly maintenance fee, with a one time subscription to activate, reported around 1499 rupees, plus per transaction charges on rails such as NEFT, RTGS, IMPS, and UPI payouts. Verify current pricing with the provider.
Which banks power the RazorpayX current account?
As of 8 April 2026, RazorpayX current accounts are delivered with partner banks reported to include ICICI Bank, Yes Bank, Axis Bank, and RBL Bank, with the specific bank depending on the product variant. Confirm the current partner with the provider.

Availability, fees, and eligibility change. This page was last reviewed on 8 April 2026. Confirm the current position with RazorpayX before applying.

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