The Reserve Bank of India has consolidated its existing guidelines on Domestic Money Transfer, introducing clear limits on transactions and stricter customer identification rules.
According to the Reserve Bank of India, the Domestic Money Transfer Directions 2026 came into effect on November 11 and apply to scheduled commercial banks, regional rural banks, and authorised payment operators.
The framework is designed to facilitate small-value remittances through official banking channels, especially for migrant workers and individuals who lack comprehensive identity documentation.
Under the cash pay-out rules for recipients without bank accounts, transactions are capped at 10,000 rupees per transfer, with a monthly maximum of 25,000 rupees per beneficiary.
For cash pay-in transfers conducted through business correspondents or ATMs, a transaction limit of 5,000 rupees and a monthly ceiling of 25,000 rupees per remitter have been established.
The central bank also confirmed that branch-based remittances up to 50,000 rupees remain accessible, while mandating mobile verification and authentication for all cash remittances.
Source: Reserve Bank of India (RBI)
🌐
