From The Logical Indian
Owned by The Logical Indian (independent digital media)RBI Guidelines Allow Customers Without Bank Accounts To Send Up To ₹50,000 Through Cash Pay-In Service
What's behind this
The RBI’s consolidated 2026 domestic money transfer rules retain a ₹5,000 per‑transaction limit through bank counters or ATMs and a ₹10,000 limit for cash payouts, while also permitting walk‑in customers without bank accounts to remit up to ₹50,000 via NEFT at bank branches, subject to strict mobile and ID verification under KYC rules. The guidelines clarify how much cash can be sent or received and whether banks may levy charges.
AI-generated overview from 2 outlets. It summarises their reporting and adds no reporting of its own.
RSS excerpt
The RBI’s consolidated 2026 Domestic Money Transfer rules allow walk-in customers without bank accounts to remit up to ₹50,000 via NEFT at bank branches while mandating strict mobile and ID verification.