RBI issues consolidated Domestic Money Transfer Directions, effective immediately

SHOTS Desk · Wed · 11 Nov 2026 · 17:05 · Reported

The Reserve Bank of India has issued the Reserve Bank of India (Domestic Money Transfer) Directions, 2026, consolidating and replacing earlier circulars on the subject. The directions cover banks, regional rural banks, co-operative banks, and authorised payment system operators.

Under the Cash Pay-out Service, transfers from a bank account for delivery in cash to recipients without bank accounts are capped at ₹10,000 per transaction and ₹25,000 per beneficiary per month. Under the Cash Pay-in Service, walk-in customers may remit up to ₹50,000 to a bank account via NEFT at a branch, or up to ₹5,000 per transaction through business correspondents and ATMs, subject to a ₹25,000 monthly cap per remitter.

Remitters must be registered using a verified mobile number and a self-certified officially valid document. Every transaction requires an additional factor of authentication. Banks must apply velocity checks, investigate unusual credit spurts, and alert authorities to suspicious transact

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