Sending money to people without bank accounts is an important service in many parts of India. The Reserve Bank of India has now brought several existing rules for domestic money transfers under one set of directions.
The RBI issued its Domestic Money Transfer Directions, 2026, on November 11. The rules took effect immediately.
Under the directions, customers visiting bank branches can transfer up to ₹50,000 through NEFT to a beneficiary’s bank account.
For cash payouts to people without bank accounts, the limit is ₹10,000 per transaction, with a monthly ceiling of ₹25,000 per beneficiary.
Customers can also use business correspondents and ATMs to send money to bank accounts, subject to a limit of ₹5,000 per transaction and ₹25,000 per month.
The RBI has also set verification requirements for people using these services.
The directions aim to bring greater clarity and consistency to domestic money transfer services across banks and payment operators.
