Settlements Section
The Settlements Page in the Razorpay Dashboard displays all settlement transactions where collected payments are transferred from Razorpay to the merchant’s registered bank account. This page helps merchants track balances, settlement cycles, payout status, and bank transfer references.
🔹 Overview Section (Top Panel)
The top summary bar provides a quick snapshot of the merchant’s settlement status.
Current Balance
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Displays the available balance currently held by Razorpay and eligible for settlement.
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This amount includes captured payments minus refunds, chargebacks, and fees.
Settle Now
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Allows merchants to manually initiate an on-demand settlement instead of waiting for the automatic settlement cycle.
Settlement Due Today
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Shows the amount scheduled to be settled today as per the configured settlement cycle.
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If non-zero, this amount will be transferred to the merchant’s bank account automatically.
Previous Settlement
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Displays the last processed settlement amount.
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Status indicates whether the settlement has been successfully processed.
Upcoming Settlement
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Shows the amount scheduled for the next settlement batch.
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Also displays the expected processing date and time.
🔹 Settlement Cycle & Documentation Links
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My Settlement Cycle – Opens the configured settlement frequency (daily, T+1, T+2, etc.).
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Documentation – Opens Razorpay settlement-related help documentation.
🔹 Settlements & On-demand Settlements Tabs
Settlements Tab
Displays all automatic settlements processed as per the regular settlement cycle.
On-demand Settlements Tab
Displays settlements initiated manually using the Settle Now option.
🔹 Search & Filter Section
Merchants can filter settlements using:
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Duration – Select time range (All Time, custom range, etc.)
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UTR Number – Search using the bank transfer reference number
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Settlement ID – Search using Razorpay settlement reference
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Status – Filter by settlement status (All, Created, Processed, Failed, Initiated)
Buttons:
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Search – Apply filters
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Clear – Reset filters
🔹 Settlements Table
The settlements table lists all payout records with detailed bank transfer information.
Columns Explained
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Created On – Date and time when the settlement was initiated
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Settlement ID – Unique Razorpay settlement reference ID
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UTR Number – Bank transaction reference number for tracking in bank statements
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Net Settlement – Final amount credited to the merchant’s bank account after deductions
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Status – Settlement processing status (Processed, Failed, Reversed, Pending)
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Details – Opens the detailed settlement breakdown page
🔹 Settlement Status
Common settlement statuses include:
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Processed – Amount successfully credited to the bank account
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Pending – Settlement initiated but not yet credited
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Failed – Settlement failed due to bank or account issues
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Reversed – Amount reversed back to Razorpay balance
🔹 Purpose of the Settlements Page
This page is mainly used to:
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Track daily and scheduled payouts
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Verify bank credits using UTR numbers
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Monitor pending or failed settlements
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Reconcile Razorpay settlements with bank statements
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Download settlement reports for accounting
Settlement Detail Page
The Settlement Detail Page displays the complete breakdown of a single settlement transaction, including deposit status, bank reference numbers, fee deductions, and the list of all payments included in that settlement batch.
This page is accessed by clicking the “Details” link from the Settlements list.
🔹 Header Section (Settlement Summary)
At the top of the page, a summary banner displays:
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Settlement Amount – The final amount credited to the merchant’s bank account
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Status Indicator – Green check mark indicates a successful settlement
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Deposit Date – Date on which the amount was credited to the bank
🔹 Details Section
This section shows key identifiers for bank reconciliation and support tracking.
Settlement ID
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Unique Razorpay reference ID for the settlement batch
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Used for internal tracking and support queries
UTR Number
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Bank transaction reference number generated by the bank
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Used to match the settlement with your bank statement
This is the primary reference for confirming successful credit in the bank.
🔹 Amount Breakup Section
This section provides a financial breakdown of how the final settlement amount is calculated.
Gross Settlements
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Total amount collected from all payments included in this settlement
You can click “View details” to see individual payment-level contributions.
Deductions
Shows all charges deducted by Razorpay before settlement:
Platform Fee Charged on Payments
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Razorpay processing fee for handling transactions
Goods and Services Tax (GST)
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GST applied on Razorpay platform fees
Net Settlements
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Final amount credited to the merchant’s bank account after all deductions
Formula:
Net Settlement = Gross Settlement – Total Deductions
🔹 Timeline Section (Right Panel)
The timeline shows the complete lifecycle of the settlement:
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Settlement Initiated – Date and time when Razorpay created the settlement batch
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Settlement Deposited – Date and time when the bank credited the amount
Also displays:
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Net Amount Credited
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Primary UTR Number
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Additional UTR Number (if applicable, for split or secondary transfers)
This section is helpful if the settlement is delayed or under verification.
🔹 Gross Settlements – Payments List
This table shows all individual payments included in this settlement.
Columns Explained
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Created On – Date and time when the payment was captured
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Payment ID – Unique Razorpay payment reference ID
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Payment Method – Mode of payment (UPI, Card, Netbanking, etc.)
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Gross Amount – Original payment amount collected from the customer
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Deductions – Processing fee and GST deducted for that payment
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Net Amount – Final amount contributed to this settlement from that payment
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Details – Opens the individual Payment Detail Page
🔹 Purpose of the Settlement Detail Page
This page is mainly used to:
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Verify that settlements are successfully credited
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Match Razorpay settlements with bank statements using UTR numbers
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Understand fee and tax deductions clearly
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Audit individual payments included in a settlement
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Resolve payout-related queries with banks or Razorpay support