Domestic Money Transfer
Domestic Money Transfer
Domestic money transfer is a cash-to-bank-account remittance service, through which you can help customers transfer money from rural locations & transfer funds instantly to all bank accounts across India. You can remit funds to any nationalised and private banks that operate in India and support NEFT/IMPS.
This unique business model aims at helping the migrants, labourers, and underbanked population of India. 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 Takeaways
- Domestic Money Transfers allow you to send funds across bank accounts in India.
- Different DMT methods include cash wallets, SMS transfers, and internet and mobile banking.
- DMTs are safe, reliable, and are completed in real-time.
- You require the bank details of the beneficiary and a valid mobile number.
- You can initiate DMT transactions anytime of the week, at any hour.
In the age of the internet, the methods of sending money have changed and become more convenient. Today, you can opt for an electronic transfer of funds and remit money from anywhere. While facilities like Wire Transfers allow you to send funds across international borders electronically, you can just as easily initiate instant domestic fund transfers as well. With Domestic Money Transfers (DMT), you can conduct funds transfers within banks in India. To learn more, continue reading.