- Via Payroll Wallet
- Via RazorpayX-powered Current Account
What’s the Difference?
This section highlights the key differences in features, benefits, and applications of each offering, enabling you to make an informed decision tailored to your circumstances.Feature | RazorpayX Payroll via Wallet | RazorpayX Payroll via Linked-Current Account
Core Payroll Features: Salary calculations, disbursals, Compliance payments & Filings | ✓ | ✓
Full Stack Contractor Payments & Filing: Part-time employee & Vendor Payments | - Only Part-time Employee payments are supported- NO automated 26Q filing | - Part-time Employee Payments
- Vendor Payments
- Auto 26Q Filing
Frictionless money movement | - Manual fund loading every month | - No manual fund loading(as payments are directly triggered via Current Account)
- Faster Salary Disbursals
Exclusive features | - | Access exclusive features like:- Bank Account Verification of all your Employees.
- Ensure salary is getting credited to the right Employee
Access to RazorpayX Business Banking+ Platform | ✗ | - Get access to our Business Banking+ dashboard for all your other Payouts like Refunds, Cashbacks, Incentives, Loans, Claims, Winnings, etc.
- Get access to APIs, Bulk, and Single Payouts
Opening a RazorpayX-powered Current Account
Our comprehensive service eliminates the need for in-person office visits. We provide end-to-end assistance, including online application processing and convenient verification at your location through our dedicated Relationship Manager.Partner Banks
We currently have tech integrations with:- RBL Bank
- Yes Bank
- IDFC First Bank
- Axis Bank