RBI issues new domestic money transfer rules
Headline via The Economic Times · first report 11 Nov, 23:07 IST, latest 12 Nov, 17:33 IST
What we know
4 independent news organisations have reported this story. The first report we saw came from Hindustan Times at 11 Nov, 23:07 IST; the latest is from Free Press Journal at 12 Nov, 17:33 IST. Rational Times has not independently confirmed the details: read each report through the links below.
What the reports sayEach newsroom’s own summary of its report, from its feed
The framework for Domestic Money Transfer (DMT) was introduced in order to facilitate small-value fund transfers through formal banking channels.
The RBI issued consolidated domestic money transfer directions, retaining existing transaction limits while strengthening safeguards for cash-based remittances. The framework sets limits on cash deposits and payouts, mandates verified remitter details…
Quoted from the newsrooms’ own feeds, with their names and links. Rational Times has not independently confirmed the details.
The reports4 reports
- Hindustan Times RBI issues domestic transfer norms; walk-in customers can send up to ₹50k
- Telangana Today RBI issues consolidated domestic money transfer rules; retains Rs 50,000 cash NEFT cap
- The Economic Times RBI issues new domestic money transfer rules
- Free Press Journal RBI Issues Stricter Security Checks For Domestic Money Transfer
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