Instant Settlements
Use the Instant Settlements (previously called On-demand Settlement) feature to settle your current balance to your bank account instantly.
You can use Instant Settlements (previously called On-demand Settlement) to settle your current balance to your bank account instantly, 24x7, for a small fee. You can either settle your current balance in full or choose to settle a portion of it, unless you reach the
.By default, the settlement cycle is T+2 days for domestic payments and T+7 days for international payments, where T
is the date the payment was captured. With Instant settlements, you receive funds on a T+0 basis.
Feature Request
This is an on-demand feature. Please raise a request with our
to get this feature activated on your Curlec account.You can initiate Instant settlements in two ways:
Once the feature is activated on your account, you can initiate Instant Settlements from the Dashboard. To create an Instant Settlement:
- Log in to the .
- Navigate to Settlements.
- Click Settle Now. The Instant Settlement pop-up opens.
- Enter the amount you want to settle to your bank account. This can either be your full Current Balance or a part of it. You can see the fees and tax for the Instant Settlement and the amount that will be settled to you after the fees and tax deduction on the pop-up. The minimum amount you can enter is RM 2,000.00.
- Click Confirm.
The Instant Settlement request is created. The requested amount will be settled to your bank account.
Each Razorpay merchant account has a daily limit for instant settlements which resets at the start of each working day. For example, if your daily settlement limit is ₹10 lakhs, you cannot initiate instant settlement requests exceeding the limit until the next working day.
To check the daily limit and the remaining available limit for the current day:
- Log in to the .
- Navigate to Settlements in the left menu and .
- In the Amount to settle now pop-up modal, view the daily limit and the available limit.
You can check the Razorpay Dashboard for latest updates on the limits and availability of instant settlements.
Was this page helpful?