Dear Friend of DRIM,
You asked, and we listened. We are so happy to announce that you will now receive your payments from DRIM Global through RazorPay.
RazorPay is a secure and trusted payment gateway that enables you to receive online payments to your linked bank account. RazorPay works on desktop, mobile web, on Android and iOS.
You will receive your payment in Rupees. There will be NO deduction of commission to receive your money! However, please note that there will be a 10% TDS deducted on the amount withdrawn, as per Indian taxation laws.
Some important points to note:
The minimum amount for withdrawal is Rs 200.
You will receive a Form 16 on a quarterly basis, which will indicate the amount you received and the tax that is deducted.
You can verify the Form 16 by logging on to the Income Tax portal, signing in with your PAN number and password, and view the details under ‘26AS’. Cross check your Form 16 and 26AS to verify that the details are correct.
You can use the Form 16 to file your IT return at the end of the Financial year 2023-24, just like any other professional!
How can you link your bank account to the system?
To receive payments securely from RazorPay, you first need to verify your details. Please provide your Aadhar number, PAN card number, Bank account details, phone number and e-mail address.
Follow these steps:
In your dashboard, go to Payouts - payment Methods and click on ‘Add’:
Step 2:
Select ‘Bank account’:
Step 3:
Add your Aadhar details and verify your account:
Step 4:
You will receive an OTP on the mobile number you have registered. Enter the OTP.
Step 5:
Provide your details - Aadhaar, Name, Address and Date of Birth.
Step 6:
Enter your PAN card details:
Step 7:
Your bank account will be linked in this step, so enter your bank account number, IFSC number , phone number, and e-mail address.
Step 8:
Click on the button ‘Link all current payouts to the primary payment method’. This completes the procedure of linking your bank account to receive payments from DRIM through RazorPay.
This is how the payment method looks like in the system. You will see it showing as ‘Bank account’.
We hope this makes receiving your remuneration from DRIM easier and more convenient for you.
Happy earning with DRIM!
Here are some articles for your reference:
https://economictimes.indiatimes.com/news/india/in...