How to Create Razorpay Account
Creating a Razorpay account is a straightforward process that allows you to start accepting payments from customers for your business. However, it’s important to complete the KYC (Know Your Customer) verification to ensure funds are settled in your account.
Step-by-Step Guide
1. Sign Up
- Visit Razorpay and sign up using your work email or Google account.
- For email sign-up, create a password and proceed to create an account.
2. Contact Details
Provide a 10-digit mobile number and select the checkbox to receive updates on WhatsApp. Then, submit the OTP received on your mobile.
3. Platform Details
Choose where you want to accept payments (e.g., Website/App, etc.). If ‘Others’ is selected, provide a description.
- Payment Acceptance: Choose the platform(s) where you’ll accept payments. Options might include Website, App, or others.
- Additional Information: If you select ‘Others’, you’ll need to provide a brief description of your platform.
4. Business Type and PAN Details
Select your business type (e.g., Individual, Registered Business) and enter your PAN details for verification.
- Business Type Selection: Choose from various business types such as Individual, Registered Business, etc.
- PAN Information: Enter your Personal or Business PAN number. This is verified for authenticity.
- Additional PAN Requirements: Depending on your business type, additional PAN details might be required (like for a proprietor or a company director).
5. Communication Details
Enter your email address to receive account updates, and verify it with the OTP sent to your email.
- Email Address: Provide your email for account-related communications.
- Email OTP: Verify your email address by entering the OTP sent to your email.
6. Bank and Business Details
Provide your bank account details and GST information. Additional details like LLPIN or CIN might be required based on your business type.
- Bank Details: Input your bank account number and IFSC code. This is where Razorpay will settle your funds.
- GST Information: Enter GST details for taxation purposes. If your PAN verification was successful, this might be auto-filled.
7. KYC Completion
- Document Submission: Submit the necessary KYC documents. These vary based on your business type and are essential for account activation.
- Identity Proof: Provide your Aadhar number and other identity proofs as required.
- Business Address: Enter your business and operational addresses.
Data in Table Format
| Step | Details |
|---|---|
| Sign Up | Use email or Google to register |
| Contact Details | Mobile number, WhatsApp updates |
| Platform Details | Select platform for payments |
| Business & PAN Details | Choose business type, enter PAN |
| Communication Details | Provide and verify email address |
| Bank and Business Details | Enter bank and GST details |
| KYC Completion | Submit necessary documents |
Setting up a Razorpay account is a user-friendly process designed to help you start accepting payments quickly. The key is to provide accurate details and complete the KYC for a fully functional account. Once set up, you can efficiently manage transactions and grow your business with Razorpay’s payment solutions.
Creating a Razorpay account involves a series of straightforward steps, from signing up and providing contact details to completing KYC formalities. Each step is designed to ensure that your account is secure and tailored to your business needs. Once set up, you can efficiently manage online transactions, offering a seamless payment experience to your customers. The entire process is user-friendly, making it accessible even for those new to digital payment systems.