India, Nov. 12 -- The Reserve Bank of India (RBI) has issued consolidated directions on domestic money transfers, retaining the Rs 50,000 cash NEFT limit for walk-in customers without bank accounts. The framework also maintains transaction and monthly limits for transfers through business correspondents and other channels while strengthening safeguards against suspicious transactions.

Key Highlights RBI retains the Rs 50,000 cash NEFT limit for walk-in customers without bank accounts. Cash transfers through business correspondents, ATMs and other permitted channels are capped at Rs 5,000 per transaction and Rs 25,000 per remitter per month. Cash payouts to beneficiaries without bank accounts are limited to Rs 10,000 per transaction and ...