About Fund Accounts

Fund accounts are accounts associated with a Contact (similar to a beneficiary in your netbanking portal).

• To make a payout to a Contact, you must add a Fund Account to the Contact.
• There is no limitation to the number of Fund accounts a Contact can have.

Fund Account Types

Fund accounts are associated with a Contact. Payouts are made to the Fund accounts. There are three types of fund accounts:

• Bank account: Make payouts to a beneficiary’s bank account via bank transfer using one of the available such as NEFT or IMPS.
• UPI ID (VPA): Make payouts to a beneficiary’s UPI ID via a UPI transfer.
• Cards: Know more about Payouts to Cards.
  • Credit Card: Make payouts directly to a beneficiary’s credit card by bank transfer using NEFT or IMPS.
  • Debit Card or Prepaid Card: Make payouts directly to a beneficiary’s debit card or prepaid card using the ‘card’ mode.
• Wallet: Make payouts to your beneficiary’s wallet. You can make payouts to a beneficiary via an Amazon Pay gift card. Know more about Payouts to Amazon Pay Wallet.

Know about the payout modes available for each Fund account type and the list of banks/cards supported.

Fund Account Actions

The following table lists down the actions that can be performed on Fund accounts using APIs, Dashboard and Bulk Upload:

Action | API | Dashboard | Bulk Upload

Create a fund account | ✓ | ✓ | ✓

View fund account details | ✓ | ✓ | ✓

Mark as inactive | ✓ | ✓ | x

You can create Fund accounts using APIs either with bank account details or VPA, or create contacts in bulk.

Dashboard Actions

After logging in to your RazorpayX account, you can start creating a contact and its associated fund account. Refer below for steps on how to create a contact with a fund account, and how to update it.

Create a Contact with Fund Account

To create a Contact with Fund Account from the Dashboard:

1. Log in to the [RazorpayX Dashboard](https://x.razorpay.com/).

   Log in to the RazorpayX Dashboard.

2. Navigate to **Contacts**.

   Navigate to Contacts.

3. Click **+ CONTACT**.

   Click + CONTACT.

4. Fill Contact details and click **NEXT**.

   Fill Contact details and click NEXT.

5. Add Fund Account details.

   Add Fund Account details.

6. Click **SAVE AND CLOSE**.

   Click SAVE AND CLOSE.

Add New Fund Account

To add a new Fund Account to an existing Contact from the Dashboard:

1. Log in to the [RazorpayX Dashboard](https://x.razorpay.com/).

   Log in to the RazorpayX Dashboard.

2. Navigate to **Contacts**.

   Navigate to Contacts.

3. Select the Contact you want to edit.

   Select the Contact you want to edit.

4. Click **ADD FUND ACCOUNT**.

   Click ADD FUND ACCOUNT.

5. Add the Fund Account details.

   Add the Fund Account details.

6. Click **SAVE AND CLOSE**.

   Click SAVE AND CLOSE.

You can also create and update Fund Account using APIs.

Next Steps

• Fund Account Validation

Related Information

• Payouts
• Contacts
• Fund Account APIs