Acceptable Bank Accounts

Live Bank Status — Always Check First

Bank acceptance differs by Razorpay merchant. Always check the merchant-specific URL before telling a partner or client a bank is supported.

⚠️ A bank that’s active for one merchant may be inactive for another — never extrapolate. If a bank is not on the relevant merchant’s list, or shows Inactive, it is not supported for that merchant.

Currently Active — Major Banks (snapshot)

This is a snapshot. The live URLs above are the source of truth.

Public Sector Banks

State Bank of India · Punjab National Bank · Bank of Baroda · Canara Bank · Union Bank of India · Bank of India · Central Bank of India · Bank of Maharashtra · Indian Bank · IDBI Bank

Private Banks

HDFC Bank · ICICI Bank · Axis Bank · Kotak Mahindra Bank · IndusInd Bank · Yes Bank · IDFC First Bank · Federal Bank · South Indian Bank · Karur Vysya Bank · Karnataka Bank · City Union Bank · CSB Bank · DCB Bank · DBS Bank India · Deutsche Bank AG · Standard Chartered Bank · SBM Bank India · RBL Bank

Small Finance Banks

AU SFB · Equitas SFB · ESAF SFB · Jana SFB · Shivalik SFB · Suryoday SFB · Ujjivan SFB · Utkarsh SFB · Capital SFB

Payments Banks

Airtel Payments Bank · India Post Payments Bank · Fino Payments Bank · NSDL Payments Bank · Paytm Payments Bank

Regional Rural & Co-op Banks

Many regional Gramin and co-operative banks are supported (Saraswat, Cosmos, J&K, Kangra Central, SVC, Janata Sahakari, Janaseva Sahakari Pune, Uttarakhand Gramin, Telangana Grameena, Maharashtra Gramin, Rajasthan Gramin, Chhattisgarh Gramin, Meghalaya Rural, Mizoram Rural, Jharkhand Rajya Gramin, etc.). Always verify against the live URL.

Payment Methods by Mandate Type

Mandate Approval TAT

What If the Client’s Bank Is Not Supported?

1. Confirm against the merchant-specific URL — don’t trust memory
2. If genuinely unsupported or inactive:
   • The bank does not support e-mandate on Wealthy
   • Ask the client to use a different supported bank for investments
   • The unsupported bank can still be linked for KYC / profile purposes, but can’t be used for SIP / mandate

Known unsupported example: Baroda Uttar Pradesh Gramin Bank (as of Feb 2026)

Key Rules on Bank Accounts

• The payment bank account must belong to the same person as the investor
• “Penny drop” verification — the name returned must match the profile name
• Name mismatch → bank account rejected → payment reversed
• If penny drop doesn’t return a name, ops can request a cancelled cheque
• ₹1 is debited during mandate verification (per mandate setup)

NRI Clients

• NRI clients must use their Indian NRE or NRO bank account
• Payments directly from foreign bank accounts are not accepted
• Only NRE/NRO accounts at Indian banks listed above are supported

Quick Reference