What are RBI's new rules for domestic money transfers?

The RBI has consolidated rules for Domestic Money Transfer (DMT), setting limits and verification requirements for cash-based remittances. Under the revised rules, cash payouts are capped at ₹10,000 per transaction and ₹25,000 per beneficiary monthly, while cash-based transfers through BCs and ATMs are limited to ₹5,000 per transaction. Remitters must register using a verified mobile number.