Domestic Settlements🔗

The standard settlement cycle for domestic payments is T+2 working days (where T is the date of transaction capture).

Example🔗

You captured 20 payments on February 02, 2019 at 9:00 a.m., and your settlement schedule is T+2 days.

The payments you captured on February 02, 2019 will be settled in your bank account on February 04, 2019 at 9:00 a.m.

If the settlement day is a bank holiday, the settlement will be made on the next working day after the bank holiday.

International Settlements🔗

The standard settlement cycle for international payments is T+7 working days (where T is the transaction capture date).

Settlements for all payments will be done in INR (Indian Rupees), irrespective of the currency in which the payment was made. The payment is converted using the exchange rate at the time of payment creation.

Razorpay allows you to accept payments in any of the supported international currencies.

Example🔗

You captured 7 international payments on February 02, 2019 and your settlement schedule is T+7 days 9:00 a.m.

The payments you captured on February 02, 2019 will be settled in your account on February 09, 2019 at 9:00 a.m.

If the settlement day is a bank holiday, the settlement will be made on the next working day after the bank holiday.

Instant Settlements🔗

Using Instant Settlements, you can access your funds as and when you want. Normally, you would receive settlements according to your settlement cycle. Razorpay Instant Settlements helps you reduce your settlement period from T+2 days (default settlement cycle) to a few minutes (from the time of the transaction), thus enabling your business to avoid cash-flow challenges and prepare better for working capital requirements. Know more about Instant Settlements.