RBI Allows Walk-In Transfers Up to ₹50,000 Through Banks

The Reserve Bank of India (RBI) has implemented a new framework for Domestic Money Transfer (DMT) to facilitate small-value fund transfers through formal banking channels. This move aims to provide a convenient and secure way for individuals to send money to each other within the country. Under the new norms, walk-in customers can now transfer up to ₹50,000 through designated bank branches. This initiative is expected to promote financial inclusion and reduce reliance on informal money transfer methods.