New Delhi, Nov. 12 -- The Reserve Bank of India (RBI) has issued new consolidated rules for domestic money transfers, setting limits on how much cash you can send to someone else's bank account or transfer to a person who does not have a bank account.

For instance, if you deposit cash through a Business Correspondent (BC) or at an ATM to send money to someone else's bank account, you can transfer up to Rs.5,000 per transaction, subject to a monthly limit of Rs.25,000. However, if you visit a bank branch and use NEFT, you can remit up to Rs.50,000.

The Reserve Bank of India (RBI) issued the Domestic Money Transfer Directions, 2026, on Wednesday, consolidating existing rules for small-value money transfers through banks and authorized age...