From Hindustan Times
Owned by HT MediaCustomers without bank accounts can send up to ₹50,000 with cash pay-in service, say RBI guidelines
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’s domestic money transfer directions 2026 allow people without bank accounts to send and receive money through banks and authorised channels.
