---
title: RazorpayX Account Types
heading: About Account Types
description: Choose between RazorpayX Lite, a digital account with instant KYC or a traditional Current Account.
---

# About Account Types

To make payouts and use other banking features, you must have a bank account linked to your RazorpayX account. There are two types of accounts available to you:

- [RazorpayX Lite](https://raw.githubusercontent.com/razorpay/markdown-docs/master/x/account-types/razorpayx-lite.md): A digital account created in RazorpayX  with simple and quick KYC verification process for businesses to start accepting payments within a short span of time.

- [Current Account](https://raw.githubusercontent.com/razorpay/markdown-docs/master/x/account-types/current-account.md): A traditional banking account that offers all standard banking features like cheque book, debit card and account statements. Current Account is offered in partnership with Partner Banks.

> **INFO**
>
> 
> 
> **Handy Tips**
> 
> The Partner Banks for Current Account are [RBL](https://raw.githubusercontent.com/razorpay/markdown-docs/master/x/rbl-ybl-current-account/company.md), [Yes Bank](https://raw.githubusercontent.com/razorpay/markdown-docs/master/x/rbl-ybl-current-account/company.md), [IDFC First](https://raw.githubusercontent.com/razorpay/markdown-docs/master/x/idfc-first/kyc.md) and [Axis Bank](https://raw.githubusercontent.com/razorpay/markdown-docs/master/x/axis-current-account.md#current-account-opening-required-documents)) presently. [Contact Support](https://raw.githubusercontent.com/razorpay/markdown-docs/master/x/support.md) to open a Current Account with the bank of your choice (subject to individual approval).
> 
> 

## RazorpayX Account Features

By signing up for a RazorpayX account, you unlock a variety of features that streamlines your banking and financial management. These features are available on both RazorpayX Lite and Current Account. Few of them are: 

### Low Balance Alerts for RazorpayX Account

If your account does not have a sufficient balance, payouts are queued and processed only after you add funds to your account. This could cause delays in processing payouts and a bad experience for your customers or vendors.

To help you avoid low balance scenarios, you can set up email alerts when your account balance falls below the limit set by you. 

#### Set Up Email Alerts 

        Watch this video to know how to set up low balance email alerts.

        

        To set up email alerts:

        1. Go to [RazorpayX Dashboard](https://x.razorpay.com/). 
        2. Navigate to **My Accounts & Settings** → **Banking** → **Low Balance Alerts**.
        3. Enter the amount that you consider is a low balance and want to be alerted about. Select the frequency at which you want to receive those alerts. 
        4. Finally, select the email addresses where you want to receive the low balance alerts. 

        
> **WARN**
>
> 
>         **Watch Out!**
> 
>         You can set Low Balance Alerts **only in Live** mode. It does not work in Test mode.
>         

 

The following options are available when setting low balance alerts:

#### Independent Limits

You can set up independent limits for each bank account linked to your RazorpayX account. For example, you can set the limit as ₹50,000 for RazorpayX Lite and ₹75,000 for your current account.

#### Notification Frequency

You can select how often you want the email alerts to be sent to you. The default is set to 8 hours. The available options are 4, 8, 12 and 24 hours.

> **INFO**
>
> 
> **Handy Tips**
> 
> You can set up alerts to multiple email addresses. You can also send these emails to users who are not part of your RazorpayX team.
> 

### Related Information

- [Set up your RazorpayX account](https://raw.githubusercontent.com/razorpay/markdown-docs/master/x/set-up.md)
- [Open a Current Account](https://razorpay.com/x/current-accounts/)
- [Generate API Keys](https://raw.githubusercontent.com/razorpay/markdown-docs/master/x/dashboard/api-keys.md)
- [Test Mode](https://raw.githubusercontent.com/razorpay/markdown-docs/master/x/dashboard/test-mode.md)