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. Check with Open which partner bank holds the account | A business banking layer on top of partner banks. RazorpayX states it is not a bank. Current accounts are provided by partner banks including ICICI Bank, RBL Bank and Yes Bank. |
| 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 | Open Money's price list could not be checked for this review, so confirm current plans and prices with Open | Subscription plans are monthly, not one time: Core is listed at 1,499 rupees a month and Pro at 4,199 rupees a month on quarterly billing, plus GST, with higher prices shown without the discount. As of 11 October 2026. Verify current pricing with RazorpayX. |
| Transaction fees | Payment and payout charges apply and vary by method, unclear, verify with the provider | Payout charges apply in addition to the monthly subscription. RazorpayX shows them in its dashboard rather than on its pricing page, so verify current payout fees with RazorpayX. As of 11 October 2026. |
| 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 vary across partner banks and account offerings. 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 | Check the current accounting, tax and payroll features with Open | Accounting integration on the Advanced plan, an ERP add on and payout APIs. Verify the software you use with RazorpayX. |
| Eligibility | Indian registered businesses, startups and freelancers, verify with the provider | Indian businesses, including sole proprietors, who can open online. Current accounts are opened with a partner bank, subject to that bank's checks. Verify eligibility with RazorpayX. As of 11 October 2026. |
| Broadly available in | India | India. As of 25 May 2026. |
RazorpayX suits an Indian company or sole proprietor that pays many vendors, staff or customers in rupees and wants payouts by IMPS, NEFT, RTGS or UPI from a current account at a partner bank such as ICICI Bank. Its subscriptions start at 1,499 rupees a month plus GST. Open Money suits an Indian small business that wants a connected banking dashboard, but confirm its current plans and partner bank with Open.
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 → Commission link: we may earn a fee if you open an account through it. It does not change what we publish or how we rank providers. Visit RazorpayX → Commission link: we may earn a fee if you open an account through it. It does not change what we publish or how we rank providers.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 11 October 2026. Confirm current terms with each provider before applying.