The RBI has issued the Domestic Money Transfer (DMT) Directions, 2026 to consolidate and harmonise existing instructions governing domestic money transfer services. The Directions are issued under the Payment and Settlement Systems Act, 2007 and apply to banks, authorised payment system operators and participants.
RBI/DPSS/2026-27/476
CO.DPSS.POLC.No.S843/02-27-019/2026-2027
November 11, 2026
All Scheduled Commercial Banks, including Regional Rural Banks / Urban Co-operative Banks
/ State Co-operative Banks / District Central Co-operative Banks / Authorised Payment System
Operators and Participants (Banks and Non-banks)
Madam / Dear Sir,
Reserve Bank of India (Domestic Money Transfer) Directions, 2026
With a view to harmonising and consolidating the extant instructions relating to Domestic Money Transfer (DMT), it has been decided to issue the Reserve Bank of India (Domestic Money Transfer) Directions, 2026.
2. These Directions are issued under Section 18 read with Section 10(2) of the Payment and Settlement Systems Act, 2007.
Yours faithfully,
(Sara Rajendra Kumar Neti)
Chief General Manager-in-Charge
Source: CA Sansaar