RBI issues consolidated domestic money transfer directions

The Reserve Bank of India on Wednesday, 11 November 2026 issued the Reserve Bank of India (Domestic Money Transfer) Directions, 2026, consolidating all existing instructions on small-value fund transfers through formal banking channels. The directions, effective immediately, apply to all scheduled commercial banks, including regional rural banks, urban and state co-operative banks, district central co-operative banks, and authorised payment system operators.

Under the cash pay-out service, banks can transfer up to Rs 10,000 per transaction from a customer's account to a beneficiary without a bank account, with a monthly ceiling of Rs 25,000 per beneficiary. For cash pay-in services, walk-in customers at bank branches can remit up to Rs 50,000 through NEFT. Transfers via business correspondents or ATMs are capped at Rs 5,000 per transaction and Rs 25,000 per remitter monthly.

The RBI has mandated registration of remitters using a verified mobile number and a self-certified Officially Valid Document. Every transaction requires an additional factor of authentication. Banks must put in place velocity checks and alert systems, and investigate any unusual credit surges. The directions repeal the earlier circulars on domestic money transfers.

Update, 12 November 2026: Urban Acres now also reports the story, confirming the same transaction limits and safeguards. The coverage adds no new facts beyond the consolidated directions issued on 11 November 2026.