From Livemint
Owned by HT Media Ltd.No bank account? Check how much cash you can send or receive through ATM, NEFT under RBI domestic money transfer rules
What's behind this
The Reserve Bank of India’s 2026 domestic money‑transfer directions, issued as a consolidated set of rules, retain the existing cash‑NEFT limit of ₹50,000 and tighten safeguards for cash‑based remittances. Under the new framework, walk‑in customers who do not hold a bank account can use cash pay‑in services to send up to ₹50,000 through banks and authorised channels, allowing them to both send and receive money despite lacking an account.
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RSS excerpt
The RBI has consolidated domestic money transfer rules, retaining existing limits of ₹5,000 per transaction through BCs/ATMs and ₹10,000 for cash payouts. Here's how much you can send or receive, what KYC rules apply, and whether banks can charge you.
