Best offer on record: Free PG Welcome Offer (India): zero fee on up to Rs 5,000/month of transactions. 9 verified findings, checked 2026-10-22.
Offers
Free PG Welcome Offer (India): zero fee on up to Rs 5,000/month of transactions high confidence
Official subscription-plans T&Cs state: 'Enjoy Free Payment Gateway for transactions up to Rs 5,000 per month, subject to applicable terms.' Zero setup fee, zero AMC, zero integration/support fee; REST API, official SDKs, webhooks, dashboard, refunds, payment links/pages included at no extra cost. Standard pay-as-you-go remains 2% domestic + 18% GST (Rs. 0 refund processing; corporate cards 2.15%); international cards up to 3% + 18% GST; UPI QR 0.99%. Free PG plan can be chosen at onboarding instead of any paid subscription plan; no credit card or subscription payment required to use the free plan.
Eligibility
Any business that completes onboarding + KYC and accepts Razorpay T&Us; offer is extended 'to a select set of users at Razorpay's sole discretion' and can be availed only against one user ID per user. Domestic transactions only; excluded methods: AMEX, Diners, credit-card-on-UPI, corporate cards, prepaid cards; international not covered. No .edu, no age/funding caps; registration status not stated.
How to claim
1) Sign up at razorpay.com, complete KYC/onboarding. 2) Choose the 'Free PG plan' when offered in onboarding (or keep a paid plan; the Rs 5,000/month zero-fee cap still applies). 3) Transactions up to Rs 5,000/month simply do not attract platform fees. No form, no opt-in beyond onboarding.
Expiry
No stated end date; it is a standing plan, not a time-boxed promo. Razorpay reserves the right to modify, suspend, or discontinue the offer at any time without prior notice.
Gotchas
Discretionary extension (Razorpay may offer it to 'a select set of users'); non-transferable, no cash redemption; refunds not available on cancellation unless Razorpay failed to provide the service; disqualification possible for misuse/fraud/suspicious activity. Rs 5,000/month cap is tiny for most businesses — it is a sandbox-grade perk, not a real zero-cost tier. The free-plan T&Cs also govern paid subscription plans: monthly credits expire every 30-day cycle with no carry-forward, and if one transaction exceeds the credit balance, no partial credit applies and plan rates apply to the whole transaction.
90-Day New-Merchant Welcome Offer (India): up to Rs 5 lakh of domestic payment value fee-free for 90 days high confidence
Per Razorpay's official blog 'Payment Gateway for Startups: Razorpay's First 90-Day Costs' (published 15 Oct 2026): eligible NEW merchants can receive amount credits covering up to Rs 5,00,000 of cumulative eligible domestic payments for 90 days from account activation, whichever limit is reached first. It is a payment-value threshold, not cash. Qualifying new merchants activated on or after 1 July 2026. One redemption per PAN or bank account (first activated MID qualifies); merchants who transacted previously are explicitly excluded.
Eligibility
New merchants only (no prior transactions on the account), India onboarding with KYC completion; activation on/after 1 Jul 2026; one redemption per PAN/bank account. Excluded payment methods: international payments, prepaid cards, corporate credit cards, American Express, Diners Club, and all EMI-based methods.
How to claim
No separate claim step: complete new-merchant onboarding + KYC, and credits apply transaction-by-transaction automatically. Razorpay advises checking credit balance and expiry in the dashboard before unusually large payments.
Expiry
90 days from account activation or Rs 5 lakh of eligible collections, whichever comes first; unused credits expire with the window (no carry-over).
Gotchas
A Rs 199 + tax KYC processing fee may still apply; GST/statutory levies on platform fees are NOT waived by the credit; separately priced services (instant settlements, recurring billing, etc.) not covered. Per-transaction mechanic: if a single payment exceeds the remaining credit balance, the fee applies to the full payment, not just the overage (Rs 10,000 credit left + Rs 15,000 payment at 2% = Rs 300 fee, not Rs 100). Fair-usage clawback: if card transactions exceed 90% of processed volume, Razorpay can withdraw the offer and apply retrospective standard charges from date of detection. Details come from Razorpay's blog; verify exact terms in the dashboard credits docs or T&Cs.
Razorpay Startup Perks - Angel Funded tier: up to Rs 6 lakh payment credits + Rs 20 lakh SaaS card benefits high confidence
Official 'Razorpay Startup Perks - Rs 1Cr in Benefits' program, Angel Funded tier: up to Rs 3,00,000 FREE domestic payment credits + up to Rs 3,00,000 FREE international payment credits; Magic Checkout free for 90 days; collateral-free corporate credit card with up to Rs 20,00,000 worth of SaaS benefits (up to 1% cashback on growth spends, 500+ SaaS partner deals, 'save up to Rs 2,00,000 annually'); RazorpayX zero-balance current account unlocking an extra Rs 5 lakh GMV on the payment gateway; first 3 months of RazorpayX Payroll free; free incorporation and expert consultation via Razorpay Rize; dedicated relationship manager + round-the-clock support.
Eligibility
Per official T&Cs: must (a) be registered and operating in India; (b) be an Angel Funded startup - 'a newly established business entity that has received equity financing from individual high-net-worth investors'; (c) provide proof of funding 'that is satisfactory in Razorpay's discretion'; (d) hold a valid and active Razorpay account; (e) comply with documentation/verification. Eligibility decided by Razorpay at sole discretion. No .edu, and being 'funded' (angel round) is required; unfunded pre-seed startups do not qualify for this program. No explicit company-age or funding-size cap is stated in the T&Cs.
How to claim
1) Fill the Razorpay Startup Perks registration form (Typeform: razorpay.typeform.com/to/RpDLEkrM via the 'Get Started Today' / 'Talk to us' buttons on razorpay.com/m/startup-perks/) with company details and funding proof. 2) Razorpay reviews the account standing and verifies funding documentation. 3) On approval, credits/perks activate on the account; then claim product perks (payroll, RazorpayX account, corporate card). Alternatively schedule a call via the landing page; custom pricing also routes to the same form.
Expiry
Payment credits: valid until the earliest of (a) the offer limit is reached or (b) three (3) months from date of activation; applied on a first-come, first-served basis. Magic Checkout: 90 days. Payroll: first 3 months. No renewal/stated extension; Razorpay may modify, suspend, or discontinue offers at any time without notice.
Gotchas
Credits are 'non-monetary, non-transferable value units... no independent cash value'; cannot be transferred, exchanged, refunded, or encashed. Credits CANNOT be combined with other promotional offers unless expressly permitted. Actual grant 'may be lesser than what is captured in these Terms' per Razorpay risk assessment/underwriting (T&C 3.4a). Corporate card approval subject to credit underwriting - declinable for adverse credit history, minimum financial/vintage criteria, or failed address/operations verification. Razorpay can cancel eligible-user status at any time without notice. All amounts carry '*T&C apply'.
Razorpay Startup Perks - VC Funded tier: up to Rs 50 lakh payment credits + Rs 50 lakh SaaS card benefits high confidence
Same program, VC Funded tier: up to Rs 30,00,000 FREE domestic payment credits + up to Rs 20,00,000 FREE international payment credits; Magic Checkout free for 6 months; 1 year of free intelligent payment routing; collateral-free corporate credit card with up to Rs 50,00,000 worth of SaaS benefits (up to 1% cashback on growth spends); RazorpayX zero-balance current account with extra Rs 10 lakh GMV on the payment gateway; first 3 months of RazorpayX Payroll free; free Rize incorporation + consultation; dedicated manager and round-the-clock support. Headlined as 'Rs 1Cr* FREE benefits for funded startups.'
Eligibility
Per T&Cs: (a) registered and operating in India; (b) a VC Funded startup - 'a business entity that has successfully secured institutional investment from a registered Venture Capital firm in exchange for equity, typically at Seed, Series A, or subsequent rounds'; (c) funding proof satisfactory to Razorpay; (d) active Razorpay account. Being VC-funded is required - bootstrapped or angel-only startups fall to the Angel tier.
How to claim
Same claim path as Angel tier: form at razorpay.typeform.com/to/RpDLEkrM with company + funding proof; Razorpay verifies funding documentation against the account; on approval, credits and perks activate. 'Get a Custom Plan' CTA on the page also routes to the same form.
Expiry
Payment credits: until earliest of offer limit or 3 months from activation; first-come, first-served. Magic Checkout: 6 months. Intelligent routing: 1 year. Payroll: 3 months. No carry-over; offer can be suspended/changed at any time.
Gotchas
Same as Angel tier: non-monetary non-transferable credits, no combination with other offers, actual amount may be less than listed (underwriting), corporate card subject to credit underwriting, status cancellable without notice. A third-party tracker (Startup Grants India) summarizes the program as 'up to Rs 1.1Cr' for VC-funded (payments + SaaS card + GMV), but the official page headlines Rs 1Cr with '*T&C apply' - trust the official figures and T&Cs, not aggregators.
MeitY Startup Hub (MSH) x Razorpay Rize offer: zero PG fees up to Rs 1 lakh or first 6 months, plus banking/payroll credits medium confidence
Partnership announced 20-22 May 2025 (official Razorpay blog + Business Standard): every startup associated with MeitY Startup Hub gets access to Razorpay Rize with: Payment Gateway - zero PG fees on transactions up to Rs 1 lakh OR the first 6 months after onboarding, whichever is earlier; RazorpayX Business Banking - 3 months free, then 40% off the annual plan; Payroll - free for 1 year if fewer than 5 employees, otherwise 3 months free + 40% off the annual plan; seamless company incorporation with priority support (Pvt Ltd/LLP/OPC); Y-Combinator application support, pitch-deck reviews, founder toolkit; and quarterly shortlisted cohorts joining the Razorpay Rize Community (mentorship, founder directory, invitation-only masterclasses).
Eligibility
Startups 'associated with MeitY Startup Hub' (incubation centres, Centres of Excellence under the MeitY initiative), with emphasis on deep-tech (AI, robotics, IoT, blockchain, climate-tech) and Tier 2/3 city founders. No .edu required; this is a government-networked startup offer, not a student offer. Being in the MSH network is the gating condition.
How to claim
1) Be/start as an MSH-networked startup. 2) Access is via the MeitY Startup Hub channel (incubation centre / CoE you're associated with) which connects you to Razorpay Rize. 3) Complete incorporation/KYC, and the PG-fee, banking and payroll credits apply per the schedule above.
Expiry
PG fee waiver: earlier of Rs 1 lakh volume or 6 months from onboarding. Banking: 3-month free period, then 40% off annual. Payroll: 1 year (<5 employees) or 3 months + 40% off. Partnership is standing as of the May 2025 announcement; no sunset announced.
Gotchas
Credit amounts/durations come from the announcement blog, not a public T&C page - get exact wording in writing from Razorpay/MSH. Free period ends on different clocks per product (PG waiver is volume OR time; banking/payroll are time only). Rize Community cohort selection is quarterly and by shortlist - community access is not guaranteed to all MSH startups.
DPIIT x Razorpay MoU (25 Mar 2026): zero professional fees for incorporation + credits/incentives for DPIIT-recognised startups medium confidence
Government of India PIB press release (25 Mar 2026): DPIIT (Ministry of Commerce & Industry) signed an MoU with Razorpay; dedicated 'Startup Sahayak' platform launched for early-stage founders (incorporation, access to central/state schemes, funding guidance). DPIIT-recognised startups get: incorporation support at zero professional fees (excluding applicable government charges), access to credits and incentives across financial/business tools, mentorship, pitch-deck reviews, application guidance, curated founder communities, and regular knowledge sessions on applied AI, marketing, product and financial management via the Startup India Hub; innovation challenges planned under Bharat Startup Grand Challenge.
Eligibility
DPIIT-recognised startups (DPIIT 'Startup India' recognition) operating in India. Recognition is the gate; no .edu and no student track. No public per-item rupee values for the 'credits and incentives' - amounts are per the program onboarding.
How to claim
1) Obtain/confirm DPIIT recognition (Startup India Hub). 2) Engage via the Startup Sahayak platform / DPIIT-recognised-startup channel; Razorpay onboards, verifies recognition, and applies the zero-professional-fee incorporation plus credits/incentives. Details of the credit schedule are not on the public release - request the DPIIT-recognised startup sheet from Razorpay/DPIIT.
Expiry
MoU is standing as of 25 Mar 2026; no sunset date published. Government schemes referenced have their own eligibility windows.
Gotchas
Zero professional fees excludes government charges (stamp duty, ROC filing fees, etc.) - 'free incorporation' is not zero total cost. The release names no specific credit amounts; do not quote figures not in an official letter. This is a MoU: individual benefits are delivered 'as part of this initiative' and are subject to Razorpay/DPIIT program terms.
Razorpay Rize: company incorporation at 'no hidden charges' + free startup communities medium confidence
Razorpay Rize (razorpay.com/rize): company registration for Private Limited, LLP and OPC 'at No Hidden Charges' - service is described as 'low fees' (professional fee); government/statutory charges are still paid by the founder. Rize lists 14,950+ company registrations and 1,750+ founders. Founder communities (Rize / Tech+, D2C+, Xport+) join 'with no stated fee' (community members report 'there is no ask!'); member testimonial cites access to ~$11K of third-party credits across GCP, AWS, Azure, OpenAI as a community benefit. Rize for YC (YC-alum-guided application program: mock interviews, application reviews, weekly L&D sessions) is listed as 'all inclusive' with no separate price shown. Within the Startup Perks program, incorporation + expert consultation are explicitly a free perk for funded startups.
Eligibility
Incorporation: early-stage founders / small businesses in India (Rize page targets 'startups and small businesses'); no .edu. Communities: open to founders; no funding requirement stated on the public page (funding requirement exists only for the paid Startup Perks). No company-age cap.
How to claim
1) Sign up via razorpay.com/rize/ ('Join Community' is free). 2) For incorporation: select Pvt Ltd / LLP / OPC, complete KYC, pay government charges (professional fees at Rize 'low fees' - or waived if you qualify under Startup Perks / DPIIT MoU). 3) Communities and Rize-for-YC sessions come with membership.
Expiry
Communities: membership is ongoing while you remain a founder; third-party partner credits (cloud/AI) follow each partner's own program terms and can sunset independently. Incorporation: one-time service, no expiry concept. No published end dates.
Gotchas
Page FAQ answer on fees did not render in today's fetch - the definitive free-vs-paid status of incorporation fees comes from the 'low fees' + 'No Hidden Charges' banner; treat the professional fee as potentially payable unless you fall under Startup Perks (free) or the DPIIT MoU (zero professional fees). Government charges always apply on top. 'No hidden charges' is a marketing claim, not a refund guarantee. Partner cloud credits are subject to each partner's program and are not guaranteed to every member.
Razorpay USA: 'first year free up to $50,000 in transaction volume' - limited-time promotion (likely not currently visible) low confidence
Razorpay's machine-readable US pricing reference (last updated May 2026) states: 'Limited-time promotion: Free card processing for the first year up to $50,000 in transaction volume. Verify current eligibility and terms at razorpay.com/us/pricing/.' US baseline rates: cards 2.70% + $0.30 per successful transaction; international/foreign cards +1.20% on top (total ~3.90% + $0.30); ACH direct debit 0.50% capped at $5 (returns $5, NOC $5, dispute $10); setup $0, monthly/AMC $0, refunds free, invoicing at no extra cost; Enterprise plan at $12M+ annual volume; restricted/high-risk industries on different fees. As of today (22 Oct 2026), the live US pricing page does NOT display this promotion anywhere - it appears to have been pulled, made application-only, or ended between the May 2026 reference update and now.
Eligibility
Region: United States (Razorpay US entity, Miami Beach, FL). The promo's exact eligibility and terms are not public (pricing.md defers to razorpay.com/us/pricing/, which no longer lists it); Standard plan is self-serve; Custom plan targets 'growing and early-stage businesses' (volume-based discounts, via sales). No student angle; no .edu. No funding cap; it is a customer-segment promo, not a funding-based one.
How to claim
If currently available: sign up for the Standard (self-serve) US plan; no separate claim step is documented. Because the promo is not on the live page, the only verifiable path today is to ask sales at razorpay.com/us/ or check the machine-readable reference: razorpay.com/us/pricing.md (and companion India reference razorpay.com/pricing.md).
Expiry
Per the May 2026 reference: 'first year up to $50,000 in transaction volume' (volume cap, 12-month window). Status as of 22 Oct 2026: not shown on the live US pricing page - treat as unverified/sunset until confirmed with Razorpay US sales.
Gotchas
Only source for the promo is the May 2026 machine-readable pricing doc; the live pricing page omits it. A third-party deal site (joinsecret.com) still lists 'First $50,000 in transactions free' as a Razorpay deal, but that is not an authoritative source. Confirm in writing before budgeting around it. US sales tax is not collected by Razorpay. India (razorpay.com) startup offers do NOT apply to the US entity.
Students: no free tier, no trial credits, no education license - only the student-only AI Buildathon internship (and education-business pricing) high confidence
No student/free-tier/dev-credits offer exists for individuals at razorpay.com as of 22 Oct 2026. (a) Razorpay Solutions: Education (razorpay.com/solutions/education/, page updated Aug 2026) is pricing for institutions/course businesses (2% per transaction, no setup/AMC) - it serves the education industry, not students. (b) The only student-targeted program is the Razorpay AI Buildathon (razorpay.com/buildathon/): a student-only competition for 6- or 12-month 'AI Builder Intern' internships, in-person in Bangalore from September; four build tracks (Agentic Commerce, AI Risk Manager, AI Revenue Recovery, AI Finance Controller, Open) using Razorpay test-mode APIs; 'no resume screening' - submit a public repo + 5-minute pitch video + architecture. Community reports (AWS Builder Center, Sep 2026) say 2nd/3rd/final-year students are eligible. It is a paid internship + competition, not a free tool/credit. (c) No .edu email benefits, no GitHub-Student-Pack-style offer, no 'student developer' plan - confirmed absent across razorpay.com and 2025-2026 web searches. The free developer surface is non-discriminatory: test/sandbox mode, REST API, official SDKs and webhooks are free for everyone at no cost, alongside the 0 setup/0 AMC baseline.
Eligibility
Students: Buildathon only - students (community-sourced: 2nd, 3rd, final year), in-person Bangalore; no .edu-only email gate advertised, no funding caps, no credit card required. No education license to claim; no one-time trial credits for students.
How to claim
Buildathon: 1) pick a track; 2) build on Razorpay test-mode APIs; 3) show work (public repo, 5-min pitch video, architecture); 4) if selected, in-person hiring. Applications open on razorpay.com/buildathon/ (September cycle). Free API/SDK: sign up at razorpay.com, use test mode - no application needed.
Expiry
Buildathon is seasonal (announced September; submissions reported due early September for the 2026 cycle - re-open annually). Free API/sandbox: no expiry.
Gotchas
Do not conflate 'Razorpay for Education' (institution fee collection, a paid 2% service) with a student discount - it is not one. Do not cite .edu-free-tool lists (studentperks.dev, etc.) for Razorpay - none of the 150+ entries include Razorpay. Internship is paid (not a 'free offer') and location-bound to Bangalore, in-person. Test mode has no transaction limits publicly stated; it does not process real money.
No Razorpay startup/student program was sunset in 2025-2026; the changes were additive: (1) NEW as of 1 Jul 2026 - the 90-day new-merchant welcome offer (up to Rs 5 lakh of domestic payment value fee-free, new merchants only, one redemption per PAN/bank account, KYC fee of Rs 199 + tax may apply). (2) May 2025 - MeitY Startup Hub partnership added the MSH-credits track (PG zero fees up to Rs 1 lakh / 6 months, banking 3 months + 40% off, payroll free <5 employees). (3) 25 Mar 2026 - DPIIT MoU + 'Startup Sahayak' platform added zero-professional-fee incorporation and credits for DPIIT-recognised startups. (4) US promo - 'first year free up to $50,000 transaction volume' was in Razorpay's machine-readable US pricing reference (updated May 2026) but is absent from the live US pricing page as of 22 Oct 2026; treat as unverified or sunset unless confirmed with Razorpay US sales. (5) No student/education license or student free tier has ever existed at Razorpay - there is nothing to sunset on that front; the only student program is the recurring (September) AI Buildathon internship in Bangalore. (6) Baseline 'free' items (0 setup, 0 AMC, 0 integration/support fee, free REST API/SDKs/webhooks, pay-per-transaction 2% domestic + up to 3% international + 18% GST) remain unchanged in the current pricing page. All startup-perks credits are first-come-first-served and valid only 3 months from activation (or until the cap is hit), so the practical constraint is expiry, not sunset.