Domestic Money Transfer
NSDL Payments Bank has come up with Domestic Money Transfer (DMT) which is an assisted service to facilitate money transfer needs of unbanked, under-banked and migrant people in India.
DMT is Cash to Bank A/C remittance service offered through Business Correspondents (Agents/CSPs) pan India who bring the transaction touch-points closer to the customers. Our Business Correspondents (BC) are based across the nooks and corners of the country, who transfer money on behalf of their customers using our DMT platform. By using this service, the customers can send money instantly to any IMPS/NEFT supported bank account in India. Receiver will get the money credited into the bank account within seconds. It is available 24*7 across the year, during non-banking hours and on banking holidays as well.
Key Features
Safe, Secure & Quick transactions
Our Business Correspondents are well equipped and authorized to use our safe and secure DMT systems to transfer your money to your loved ones, instantly.
Assisted fund transfer
Send money to your loved ones instantly, even if you don't have a bank account. Through our DMT service, you can send money to any IMPS/NEFT supported bank account in India.
You don't need to have a bank account to send money to your loved ones.
Nominal customer fee
Enjoy fast services on this reliable medium with a nominal fee of 1% of the Transaction Value including GST.
Please Note: Effective 1st Aug ,2024 the fee shall be revised to 1.2% of the Transaction Value including taxes.
Available 24*7*365
Our DMT service is available 24*7 across the year, during non-banking hours and on banking holidays as well
Our Business Correspondent near you
Our Business Correspondents (BC) are based across the nooks and corners of India. You can always find our BC near to you and transfer money anytime.
Instant Notification
Receive instant notifications on completion of money transfer.
