Razorpay Payment Credits — up to ₹1.1Cr

Razorpay is an Indian payments company. Most founders meet it first as a payment gateway: you add it to your website or app and accept cards, UPI, netbanking and wallets from customers. Over time the company has grown into a wider set of money tools for businesses, including a business current account with payouts (RazorpayX), payroll software, a corporate credit card, and checkout products designed to lift the share of shoppers who complete a purchase.

This perk is Razorpay's startup offer. Rather than a single discount, it is a stack of benefits for funded startups: free payment processing credits, a stretch of free checkout and payroll features, a zero-balance current account, and a corporate card with a bundle of SaaS offers attached. The headline Razorpay uses is free benefits for funded startups worth up to ₹1 Cr, and the exact amount you can reach depends on whether you are angel funded or VC funded.

It is worth being clear about what "benefits" means here. Part of the value is processing credit, meaning Razorpay absorbs fees on payments you collect up to a limit. Part is time-limited access to its own products. Part is third-party SaaS discounts that sit behind the corporate card. Only some of it is cash-like, so the useful question is how much of it you would actually use.

Payment processing credits

Funded startups get free domestic payment credits and free international payment credits. For VC-funded startups the offer is ₹30L domestic and ₹20L international; for angel-funded startups it is ₹3L of each. Credits are used against the fees on payments you collect.

Magic Checkout

Razorpay's Magic Checkout is free for 90 days for angel-funded startups and free for 6 months for VC-funded ones. It is aimed at online stores and apps that want a faster, more guided checkout for repeat customers.

Intelligent payment routing

VC-funded startups also get 1 year of free intelligent payment routing. Routing helps send each payment through the path most likely to succeed, which matters once you have real volume and failed payments start costing revenue.

RazorpayX zero-balance current account

Both tiers can open a zero-balance RazorpayX current account. Opening it also unlocks extra free payment volume on the gateway: ₹5L for angel-funded and ₹10L for VC-funded startups.

Payroll

The first 3 months of RazorpayX Payroll are free on both tiers.

Corporate credit card and SaaS benefits

Razorpay offers a collateral-free corporate credit card. Alongside it come SaaS benefits worth ₹20L for angel-funded and ₹50L for VC-funded startups. Approval of the card is subject to Razorpay's own credit underwriting, so it is not guaranteed even if your startup qualifies for the rest.

Support

Every tier gets a dedicated relationship manager and round-the-clock support.

This perk is for Indian startups that have already raised money. The offer is split into an angel-funded tier and a VC-funded tier, and you are asked to provide proof of your funding. If you have raised a seed round or later from institutional investors, you are in the larger tier. If you have raised from angels, you get the smaller one.

It fits you best if you actually collect money online. A D2C brand, a SaaS product selling subscriptions, a marketplace or an app with in-app purchases can put real payment volume through the credits. The payroll and current account benefits are a bonus for teams that are ready to move their banking and salaries onto Razorpay.

You should probably skip it, or at least not plan around it, if:

• You have not raised funding. The tiers are defined by angel or VC money, and you need to show proof.
• You rarely process online payments. Fee credits are worth nothing if you have no fees to offset.
• You are happy with another gateway and switching would cost engineering time. Credits only help once you integrate and send volume through Razorpay.
• Your startup is not registered in India. The offer is for startups registered and operating in India.

Also be realistic about the corporate card benefits. The large SaaS benefit figure is a total across partner offers, not cash. It only becomes real savings if you would have bought those tools anyway.

Razorpay describes the offer as up to ₹1 Cr in benefits. The split is:

• VC funded: ₹30L in domestic payment credits, ₹20L in international payment credits, and ₹50L in SaaS benefits through the corporate credit card.
• Angel funded: ₹3L in domestic payment credits, ₹3L in international payment credits, and ₹20L in SaaS benefits.

On top of that, the tiers include the checkout, routing, payroll, banking and support benefits listed above. Magic Checkout runs for 90 days on the angel tier and 6 months on the VC tier, and routing for 1 year applies to VC-funded startups only.

One point to check before you plan around the credits: our records say the payment credits are valid for 3 months from activation, or until the offer limit is reached, whichever comes first, and that they are handed out first-come, first-served. In other words, the credits are meant to be used quickly. If your launch is still months away, activating too early can waste them. Confirm the validity window with Razorpay when your account is reviewed.

You apply with Razorpay directly, using the apply button on this page.

1. Make sure you have an active Razorpay account for your registered Indian startup. Approval looks at the standing of that account.
2. Gather proof of your angel or VC funding. This is what decides which tier you land in.
3. Use the apply button on this page to reach the startup registration form and fill in your company details along with your funding proof. If you prefer to talk first, Razorpay also lets you schedule a call from its startup landing page.
4. Razorpay reviews your account and verifies your funding documents.
5. On approval, your payment credits and perks are activated on your account.
6. Work with your relationship manager to claim the other perks: payroll, the RazorpayX account and the corporate card. The card goes through a separate credit check.

Because credits are time-limited from activation, it helps to be technically ready before you are approved: integration done, a test payment flow working, and a plan for which customers or transactions will go through Razorpay first.

Time your activation. Since the payment credits run for a short window, get your integration finished and tested first, then ask for activation close to the day you expect real volume.

Use the relationship manager. A dedicated contact is easy to ignore, but it is the quickest way to ask which features suit your business, how to set up routing, and how the SaaS benefits work.

Match the checkout benefit to your product. Magic Checkout is built for online selling, so it earns its place for e-commerce and consumer apps more than for a B2B tool invoiced by bank transfer.

Open the current account only if you are comfortable with it. The zero-balance account is what unlocks the extra free payment volume, so for many teams it is worth it, but think through where your money will sit and how your accountant will reconcile.

Be selective with the corporate card. Check which of the SaaS offers you would genuinely buy, and compare the card's terms with other options before committing. Razorpay's pitch is that it offers 500+ SaaS offers and that you can save up to Rs. 2,00,000 annually, but your own saving depends on what you already pay for.

Keep an eye on the clock. Set a reminder a few weeks before the credit window ends so you know how much is left and what your normal fee schedule will look like afterwards.

• Cashfree Payments: another Indian gateway that also offers payouts and banking-style products. Worth comparing if you want a second gateway for failover or if a particular payment method is cheaper there.
• PayU: an established Indian gateway used by many larger merchants. It tends to suit businesses that want a long-standing processor and are comfortable negotiating terms.
• Stripe: well known for its developer experience and international reach. Check its availability and onboarding rules for your type of Indian business before planning around it.
• PhonePe and Paytm payment gateways: attractive when your customers are heavily UPI-based and you want a provider with a strong consumer wallet presence.
• Your own bank's gateway or business account: simpler for businesses with low volume that want to keep everything with one bank.

Most of these also run their own offers for startups, so compare the actual fee schedule after any credits end, not just the headline benefit.