New RBI money-transfer rules: walk-in customers can send up to ₹50,000 in cash by NEFT
The RBI has put all rules for small bank transfers into one document, with new limits and stronger checks against fraud.
- Walk-in cash NEFT: up to ₹50,000
- Cash pay-out: ₹10,000 per transaction
- Monthly cap per receiver: ₹25,000
The limits
Under the RBI's Domestic Money Transfer Directions, 2026, which take effect immediately, people without an account at a branch can send up to ₹50,000 in cash by NEFT. Cash pay-outs to someone without a bank account are capped at ₹10,000 per transaction and ₹25,000 per receiver a month. Through business correspondents or ATMs, the limit is ₹5,000 per transaction and ₹25,000 per sender a month.
Safety checks
Senders must register with a verified mobile number and a self-attested ID document, and every transfer needs an extra layer of authentication. Banks must watch for unusual surges in money coming into an account. The rules apply to commercial, regional rural and co-operative banks and authorised payment operators.
