Instant Settlements

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

daily settlement limit

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

Support team

to get this feature activated on your Curlec account.

Advantages

Easy and early access to your money.
Reduction in daily cash crunch and increased cash flows.
Better management of inventory and stock.
Payments to creditors and vendors without any delays.

Initiate Instant Settlements

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
Razorpay Dashboard
.
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 MYR 2,000.00.
Click Confirm.

The Instant Settlement request is created. The requested amount will be settled to your bank account.

Daily Settlement Limit

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
Razorpay Dashboard
.
Navigate to Settlements in the left menu and
initiate an instant settlement
.
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.