> ## Documentation Index
> Fetch the complete documentation index at: https://razorpay-60c89f9a-mintlify-audit-missing-sections-1778528421.mintlify.site/llms.txt
> Use this file to discover all available pages before exploring further.

# Set Refund Speed

> You can configure the speed at which all the refunds should be processed for your customers.

## Set Default Speed of Refunds

Depending on your business needs, you can select from the following:

* **Normal Refund**

In this mode, the speed attribute is set to `normal`. The customers will receive their refunds within 5-7 business days.

* **Instant Refund**

In this mode, the speed attribute is set to `optimum`. Razorpay attempts to initiate fund transfer using IMPS, NEFT or UPI. The customer will receive the refunds instantly. If unsuccessful, Razorpay processes the refund via the `normal` speed.

The selected speed is set as the **default speed** and all the refunds, thereafter, will be processed at the chosen speed.

To set the default speed for all the refunds:

<Steps>
  <Step title="Step 1">
    Log in to the Dashboard.
  </Step>

  <Step title="Step 2">
    Navigate to **Account & Settings** and click **Capture and refund settings** under the **Payments and refunds** section.
  </Step>

  <Step title="Step 3">
    In the **Default Refund Speed** section, choose between **Normal Refund** and **Instant Refund**.
  </Step>
</Steps>

**Handy Tips**

The chosen value is also applied as the default speed in the [Refund API request](/api/refunds).

## Override Default Refund Speed

You can override the default refund speed while refunding a payment from the **Transactions** → **Payments** tab of the Dashboard.

Watch this video to see how to override the default refund speed while issuing a refund.

The possible ways in which you can switch between Normal and Instant Refunds are listed below:

## **Default Speed setting** | **All Refunds** | **Refund Payment option** | **Processed speed of the Refund**

## **Normal Refund** | All the refunds are processed at the `normal` speed. | **Refund Instantly** option is selected. | The refund is processed at the `optimum` speed. If an instant refund is not possible, Razorpay initiates a normal refund.

**Instant Refund** | All the refunds are processed at an `optimum` speed.
If an instant refund is not possible, Razorpay initiates a normal refund. | **Refund Instantly** option is unselected. | The refund is processed at the `normal` speed.

To set the default speed for all the refunds:

<Steps>
  <Step title="Step 1">
    Log in to the Dashboard.
  </Step>

  <Step title="Step 2">
    Navigate to **Account & Settings** and select **Capture and refund settings**.
  </Step>

  <Step title="Step 3">
    In the **Default Refund Speed** section, choose between **Normal Refund** and **Instant Refund**.
  </Step>
</Steps>

**Handy Tips**

The chosen value is also applied as the default speed in the [Refund API request](/api/refunds).

### Related Information

* [About Refunds](/payments/refunds)
* [Normal Refunds](/payments/refunds/normal)
* [Batch Refunds](/payments/refunds/batch)
* [Issue Refunds](/payments/refunds/issue)
* [View Refunds](/payments/refunds/view)
* [Refunds FAQs](/payments/refunds/faqs)