RBI keeps cash transfer limits for BCs and ATMs
In short
The RBI has kept the cash transfer cap at ₹5,000 per transaction through BCs and ATMs, and ₹10,000 for cash payouts. It has also pulled the domestic money transfer rules together in one place.
This matters for people who use cash transfer services without a bank account, because the limits and KYC rules set what they can send or receive.
What the reporting says
The RBI has consolidated domestic money transfer rules and kept existing limits of ₹5,000 per transaction through business correspondents and ATMs, and ₹10,000 for cash payouts. The update also sets out KYC rules and whether banks can charge fees. The move affects cash transfer options for people without bank accounts and those using bank-linked cash payout channels.
Why it matters
The RBI has consolidated domestic money transfer rules and retained limits of ₹5,000 per transaction through BCs and ATMs, along with ₹10,000 for cash payouts. The rules also cover KYC requirements and possible bank charges. This affects users who rely on cash-based transfer channels and the banks or agents that offer them.