RBI Issues Domestic Money Transfer Directions 2026 with Updated Limits; Walk-in NEFT up to ₹50,000

The Reserve Bank of India (RBI) issued the Reserve Bank of India (Domestic Money Transfer) Directions, 2026 on November 11, 2026, with immediate effect.  

Issued under Section 18 read with Section 10(2) of the Payment and Settlement Systems Act, 2007, these directions consolidate instructions for Scheduled Commercial Banks, Regional Rural Banks, Co-operative Banks, and Authorised Payment System Operators, excluding card to card transfers. 

Cash Pay Out and Cash Pay in Transaction Limits 

Under the Cash Pay out Service, banks may facilitate fund transfers from customer accounts for cash delivery to recipients without bank accounts via ATMs or Business Correspondents (BCs), capped at ₹10,000 per transaction with an overall monthly ceiling of ₹25,000 per beneficiary.  

Under the Cash Pay in Service, a walk in customer at a bank branch can remit up to ₹50,000 to a beneficiary bank account through NEFT.  

Transfers through BCs or ATMs are permitted up to ₹5,000 per transaction with a monthly cap of ₹25,000 per remitter, requiring registration via a verified mobile number, self certified Officially Valid Document, and Additional Factor of Authentication. 

Safeguards, Settlement, Charges, and Grievance Redressal 

Banks and non banks must implement velocity checks, send credit alerts, investigate unusual credit spurts, and execute transfers on a real time or near real time basis through RBI approved payment systems.  

Remitting banks must include remitter details and a cash based remittance identifier in IMPS and NEFT transaction messages while complying with the Income Tax Act, 2025.  

Entities may fix reasonable service charges, and customer grievances fall under the Reserve Bank Integrated Ombudsman Scheme, 2026. These directions repeal and subsume 2 earlier RBI circulars dated October 5, 2011, and July 24, 2024. 

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Conclusion 

The Reserve Bank of India issued the Domestic Money Transfer Directions 2026 on November 11, 2026, setting a ₹10,000 per transaction cash pay out limit, a ₹5,000 business correspondent pay in cap, a ₹25,000 monthly ceiling, and a ₹50,000 branch NEFT limit while repealing 2 prior circulars. 

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