RBI issues consolidated domestic money transfer rules; retains Rs 50,000 cash NEFT cap

(0)
News

The Reserve Bank of India (RBI) has issued a consolidated set of directions on domestic money transfers, retaining existing transaction limits and tightening safeguards for cash-based remittances.

Leave a Reply Cancel reply

Who is Wing Commander Namrita Chandi? How did she win pension battle 15 years after retiring from Indian Air Force?
Wing Commander Namrita Chandi, who retired from the IAF in 2011 after being denied Permanent Commission, has won a 15-year legal battle. The AFT has ruled that she be treated as having completed 20 years of pensionable service, making her eligible for pension and other retirement benefits.
Gold, silver prices today, 12 November: Check retail rates of 24K, 22K, 18K gold, 999 silver in Delhi, Mumbai, Bangalore
Gold, silver prices today, 12 November: Check retail price of 18K, 22K and 24K gold and 999 Fine silver in your cities — Ahmedabad, Bengaluru, Chennai, Coimbatore, Delhi, Hyderabad, Kolkata, and Mumbai. 
Your insurance may be due for renewal. Are you keeping track?
A missed renewal can cost you more than a late fee, from losing waiting-period benefits to resetting your no-claim bonus. Here are six ways to keep your cover intact.
Nvidia Corporation stock falls 13% in five days amid Jensen Huang controversy: Which equity mutual funds are exposed?
Nvidia shares have come under pressure amid controversy surrounding CEO Jensen Huang. Several mutual funds hold the US chip giant's stock. Here's a look at which schemes are exposed and how the stock's decline could affect their portfolios.
How to budget for clean air
For most households, clean air is now a planned expense. Experts advise buying air purifiers for the room’s size, skipping the premium for looks and long warranties, and setting aside a medical fund and separate health cover.
Bank holiday today: Are SBI, HDFC, ICICI, PNB branches closed on Thursday, 12 November? Check RBI calendar this week
Bank holiday today: SBI, HDFC Bank, ICICI Bank, Canara Bank and Punjab National Bank branches will be closed on 16 days this month, including regional holidays and weekend offs, as per the RBI calendar. 
Focused funds have 30-stock limit, but these active equity mutual funds also follow concentrated approach: Here's list
Focused funds are mandated to invest in a maximum of 30 stocks. However, some active equity mutual funds follow a similar concentrated approach without being classified as focused funds. Here are 10 such schemes, their stock holdings and what investors should know.
No bank account? Check how much cash you can send or receive through ATM, NEFT under RBI domestic money transfer rules
The RBI has consolidated domestic money transfer rules, retaining existing limits of ₹5,000 per transaction through BCs/ATMs and ₹10,000 for cash payouts. Here's how much you can send or receive, what KYC rules apply, and whether banks can charge you.
DA hike: Bihar govt increases DA, DR for employees and pensioners ahead of Chhath—Here's all we know
The Bihar government increased DA and DR for employees and pensioners, effective 1 July 2026, and approved career progression for urban local body staff. Here's all we know about the state Cabinet decisions.
Mutual fund SIP returns disappointing? Should you stop, continue or switch funds
According to the AMFI, the SIP stoppage ratio climbed to 116% in October, as 5.9 million SIPs were either discontinued or completed their tenure, and net inflows into equity schemes dropped 14% month-on-month to ₹32,924 crore.

RBI issues consolidated domestic money transfer rules; retains Rs 50,000 cash NEFT cap

Leave a Comment

Leave a Reply Cancel reply