Open Money and RazorpayX compared on the points that usually decide a business account: account type, monthly fee, currency support, eligibility and where each one is available.
General information, not financial, legal, or tax advice. There is no single best account. The right fit depends on your business. Verify current terms and eligibility with each provider before applying.
Open Money vs RazorpayX at a glance
| Feature | Open Money | RazorpayX |
|---|---|---|
| Account type | Business finance and connected banking platform, not a bank | A business banking layer on top of partner banks. RazorpayX is not itself a bank. Current accounts are held with partner banks. |
| Who it suits | Indian small and medium businesses, startups and freelancers | Indian startups and companies that want a current account with automated payouts, vendor payments, and payroll through a single dashboard. |
| Monthly fee | Free tier offered, paid plans priced in Indian rupees, confirm current pricing with the provider | The current account is listed as free to use. An optional subscription is listed around 1,499 rupees as a one time fee for added features. As of 25 May 2026. Verify current pricing with RazorpayX. |
| Transaction fees | Payment and payout charges apply and vary by method, unclear, verify with the provider | Payouts are listed around 2 to 5 rupees each depending on the rail and volume. NEFT, RTGS, and IMPS transfers are listed at about 10 rupees or 1 percent per transaction. As of 25 May 2026. Verify current pricing with RazorpayX. |
| FX fees | Currency conversion depends on the partner bank, unclear, verify with the provider | RazorpayX is focused on domestic rupee payments. Foreign exchange support is limited, so verify current cross border options and pricing with RazorpayX. As of 25 May 2026. |
| Minimum deposit | Set by the partner bank, verify with the provider | Minimum balance terms depend on the partner bank chosen at opening. Verify with RazorpayX and the partner bank. |
| Multi currency | Primarily Indian rupee, verify multi currency support with the provider | RazorpayX centres on Indian rupee business banking. Verify current multi currency options with RazorpayX. As of 25 May 2026. |
| Integrations | Accounting, tax and payroll tools, plus links to multiple bank accounts | Accounting and enterprise tools including Zoho Books, Tally, and SAP, plus payout APIs. Verify current integrations with RazorpayX. |
| Eligibility | Indian registered businesses, startups and freelancers, verify with the provider | Indian registered businesses. Current accounts are opened with a partner bank, subject to that bank checks. Verify eligibility with RazorpayX. As of 25 May 2026. |
| Broadly available in | India | India. As of 25 May 2026. |
Use the table to weigh the differences. Open Money and RazorpayX tend to differ most on account type and currency support, so match those to how your business moves money, then confirm the latest fees and eligibility with each provider.
Open a business account
Both providers accept business customers in their supported markets. Fees and eligibility shown as of 8 June 2026 for Open Money and 25 May 2026 for RazorpayX. Confirm current terms with the provider before applying.
Visit Open → Visit RazorpayX →Questions about Open Money and RazorpayX
Which is better for my business, Open Money or RazorpayX?
Can I open both Open Money and RazorpayX?
Are the fees on this page current?
Fees, features, and eligibility change and vary by region. This page was last reviewed on 25 June 2026. Confirm current terms with each provider before applying.