Razorpay settlement reconciliation
Match Razorpay settlements to bank credits by UTR with truncation-aware fingerprinting, audit MDR variance per instrument against your contracted rate card, handle T+1 to T+3 settlement cycles with cross-run exception memory, and resolve refunds and chargebacks that debit weeks after the original capture — ReconPe links them to the original settlement automatically rather than leaving them as dangling bank entries.
Where Razorpay reconciliation breaks down manually
UTR and RRN matching is manual and error-prone
Every Razorpay settlement carries a UTR or RRN that should appear verbatim on the bank statement. In practice, bank CSVs truncate, reformat, or prefix the reference. Cross-matching across hundreds of settlements a day is tedious and mistakes are silent.
MDR varies by instrument and merchant tier
Credit card MDR, UPI MDR, debit card MDR, net-banking MDR, and international card MDR all have different slabs — and can change mid-month based on promotional pricing. Manually verifying the right rate was applied per transaction is impractical.
T+1, T+2, T+3 cycles mix across products
Razorpay offers different settlement cycles depending on your product (standard, Route, instant settlements). Payments captured today may arrive across three different days in your bank — reconciling this timing without a matching engine is error-prone.
Refunds and chargebacks compound the mess
Refunds are netted from future settlements. Chargebacks are deducted on a different cycle with additional fees. Linking each refund back to the original capture and verifying the right fee was charged requires matching four separate reports.
How ReconPe handles Razorpay
UTR/RRN matching with fuzzy cascade
ReconPe's 3-level matching cascade (exact → fuzzy → LSH nearest-neighbour) handles bank reference formatting drift — so a UTR that's truncated or prefixed on the bank side still matches the Razorpay settlement cleanly.
Per-transaction MDR variance detection
Upload your Razorpay MDR agreement once. Every transaction's actual MDR is compared against the expected slab for its instrument, and variance is flagged per capture — catching rate errors that would otherwise go unnoticed.
Frequently asked
How does ReconPe match Razorpay settlements to bank credits?
Primary matching is on UTR/RRN, which appears on both the Razorpay settlement report and the bank statement. When formatting differs (truncation, prefixing, case changes), ReconPe's fuzzy matching layer handles the variance. Secondary matching uses amount + date proximity as a fallback, flagged at lower confidence for review.
Can ReconPe detect Razorpay MDR variance?
Yes. Every captured transaction in the Razorpay report carries payment method metadata (card network, UPI, netbanking, wallet). ReconPe applies your negotiated MDR slab per instrument and compares against the actual fee charged — variance is flagged per transaction with the rupee impact.
How does ReconPe handle T+1, T+2, T+3 settlement cycles?
Matching is done on the settlement date, not the capture date. ReconPe groups transactions by settlement ID and reconciles each settlement against its corresponding bank credit — regardless of whether the cycle was T+1, T+2, or T+3.
What about Razorpay Route (partner payouts)?
Route settlements appear as separate line items in the settlement report. ReconPe treats Route payouts as their own settlement type and reconciles them independently — so partner disbursements don't distort your primary merchant reconciliation.
Can ReconPe handle refunds and chargebacks?
Yes. Refunds are linked back to the original capture by payment ID and reconciled as negative settlements. Chargebacks are flagged as their own exception type with full context — original transaction, chargeback reason code, fee deducted, and the settlement cycle it hit.
Do I need a developer to integrate ReconPe with Razorpay?
No. Export the Razorpay settlement report CSV from your dashboard and the bank statement from your net-banking. Upload both. ReconPe handles the rest. No API integration is required for the core workflow.
Match your next Razorpay cycle to bank in minutes
Free tier — 3 reconciliations per month. Upload your settlement report + bank statement and catch MDR variance you didn't know was there.
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