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RBI caps cash transfers under domestic money transfer services at Rs 10,000 per transaction, consolidates DMT rules

Published by Moneycontrol · India 8 h ago
RBI caps cash transfers under domestic money transfer services at Rs 10,000 per transaction, consolidates DMT rules
Moneycontrol

Detailed summary

The consolidated framework retains separate limits for cash pay-in and pay-out services, while requiring banks to strengthen customer authentication, transaction reporting and…

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