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Corporate Laws Central Ministry of Finance Payment and Settlement Systems Act, 2007

RBI issues RBI (Domestic Money Transfer) Directions, 2026

11-Nov-2026 | RBI/DPSS/2026-27/476 CO.DPSS.POLC.No.S843/02-27-019/2026-2027

RBI has issued the RBI (Domestic Money Transfer) Directions, 2026. Key Highlights: 1. These directions apply to all Scheduled Commercial Banks, including Regional Rural Banks (RRBs), Urban Co-operative Banks, State Co-operative Banks, District Central Co-operative Banks, and Authorised Payment System Operators and System Participants. 2. Banks are permitted to provide services which facilitate transfer of funds from the accounts of their customers for delivery in cash to the recipients not having bank accounts at an ATM or through an agent appointed as Business Correspondent. 3. The maximum amount that may be transferred under the Cash Pay-out Service shall be Rs. 10,000 per transaction, subject to an overall monthly ceiling of Rs. 25,000 per beneficiary. 4. A walk-in customer at a bank branch can remit funds up to ₹50,000 to the bank account of a beneficiary through NEFT. 5. Inter-bank settlement of funds under the Domestic Money Transfer framework shall be effected using only RBI-approved payment systems. Kindly refer to the attached document for more information.

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