RBI issues new domestic money transfer guidelines, retains Rs 50,000 NEFT remittance limit
Economic Times - Policy · Published 11 November 2026 · Last updated
The Reserve Bank of India has issued consolidated guidelines for small value domestic money transfers, keeping the walk-in customer NEFT remittance limit unchanged at Rs 50,000.
Key points
- The Reserve Bank of India issued consolidated guidelines on domestic money transfer of small value funds on Wednesday.
- A walk-in customer at a bank branch can remit up to Rs 50,000 to a beneficiary's bank account through NEFT.
- The maximum amount under the cash pay-out service is maintained at Rs 10,000 per transaction with an overall monthly ceiling of Rs 25,000 per beneficiary.
- Banks are permitted to provide fund transfer services from customer accounts for cash delivery to recipients without bank accounts via ATMs or Business Correspondents.
- Customers can transfer funds to a beneficiary's bank account through business correspondents or ATMs up to Rs 5,000 per transaction.
- Fund transfers through business correspondents or ATMs carry a monthly cap of Rs 25,000 per remitter.
- Fund transfers under these specific central bank directions are expected to be executed on a real-time or near-real-time basis.
Background
- Small value domestic money transfers have historically operated under fragmented instructions issued by the central bank over the years.
- The central bank periodically reviews retail payment channels to balance financial inclusion goals with anti-money laundering compliance requirements.
Prelims facts and Mains angle for this issue are in the full SWAदेSH note.
Original report: Economic Times - Policy