In Karbon payout or account, how do I add new beneficiary ?

Modified on Tue, 25 Jan 2022 at 05:32 PM

Adding beneficiary is simple and fast with Karbon cards. You do not need to wait for 30 minutes or an entire day for an approval of beneficiary. Also, we have penny drop ( Rs. 1 ) feature to verify whether the beneficiary exists or not.

Below are the steps.


Login to Karbon Dashboard, 

Click Payout


Click Beneficiaries


Fill the details to  "Create new beneficiary"


Enter Beneficiary Name

If it is individual, then enter the name of individual. If it is a company, then enter the name of the POC at the company.


Enter Beneficiary Type

If you are using Karbon Payout to make payroll, then choose Employee. 

Vendor - Entities or Individuals who provide service or product to you

Customer - Entities or Individuals whom you sell your product or service


Enter PAN number of the company of the vendor or customer or employee ( Optional ) 


Enter the GSTIN of the company ( Optional )


Enter the name of Bank to which you need to make payments 


Enter the account holder name

It is usually the name of company or individual. In some rare cases, the account holder name is different from that of beneficiary name or company name.


Enter the bank account number

Be extremely careful while entering bank account number. If you entered a wrong bank account number, the transaction could fail or someone else could receive the funds. If funds went to someone else, there is no way to get that back.


Enter the IFSC code

Kindly be extremely careful while entering IFSC code. 


Add notes to the Beneficiary

This will help you remember and recall why you added this beneficiary. 

14. Provide the Contact information ( Optional )

Keep the Penny Drop notification ON

Click Save

  • You can also add Multiple Beneficiaries by clicking on the top right corner Multiple Beneficiaries option

Download the Beneficiary template, fill in the data and upload in the section provided.

Was this article helpful?

That’s Great!

Thank you for your feedback

Sorry! We couldn't be helpful

Thank you for your feedback

Let us know how can we improve this article!

Select atleast one of the reasons

Feedback sent

We appreciate your effort and will try to fix the article