PolicyCNBC-TV18
RBI consolidates money transfer rules: Check cash limits, KYC and authentication norms
Positive+23
GreyOak summary
The Reserve Bank of India issued the RBI Directions, 2026, on November 11 to consolidate rules for domestic money transfers. The framework sets a cash pay-out limit of ₹10,000 per transaction and mandates mobile verification for cash-based transfers through Business Correspondents. These regulations apply immediately to scheduled commercial banks, regional rural banks, and authorized payment system operators.
What it affects
- RBI regulationPositive +23
RBI consolidated money transfer rules effective Nov 11.Rolling sentiment Positive +33
