Domestic Money Transfer

A large number of people in India, particularly the migrant population, doesn’t have access to formal banking channels for want of proof of identity/address etc. This lead to innumerable hardships faced by them while attempting to remit money back to their family members. This is happening even when various channels for Domestic Money Transfers (DMT) are available viz. IMPS, UPI, NEFT, RTGS etc.


India Post Payments Bank (IPPB) has already made Money Transfer products like IMPS, assisted UPI, NEFT, RTGS available for IPPB customers and interoperable AePS for non-customers. The newly introduced Domestic Money Transfer to facilitate fund transfer (cash to account) facility to walk-in customers (not holding an account with IPPB) will enable millions of unbanked migrant population to meet their family’s financial need by remitting fund to their loved ones on regular basis or during any such special need.


This product design brings seamless remittance experience to the customers backed by technology interface through Postman/ GDS/ Access Points Counters and simultaneously ensures hassle-free & affordable fund transfer service for the migrant population. This cash to Bank A/c remittance service is offered across more than 1.36+ lakhs Access Points (Post Offices) across India.

Product Highlights

  • Send money instantly
  • Allowing cash to account fund transfer for Non-IPPB Customers/ Remitters.
  • Instant confirmation to remitter via SMS
  • Safe and secure transaction
  • This service is available across all the access points of IPPB (CBS & MATM)
  • Remitters’ identification to be done using Mobile Number
  • Lowest service charge of 1% of transaction value (minimum service charge of Rs. 10), inclusive of GST & Cess (if applicable)

Services Available to customers (Remitters)

  • DMT Registration (with mobile number only) with an option to upgrade it to Full KYC* (with mobile number, Aadhaar number & PAN) to enjoy higher limits
  • Modification of mobile number, in case of full KYC customers
  • Beneficiary – Registration, Inquiry & Deletion
  • Fund transfer
  • Transaction Inquiry
  • Refund, in case of failed attempts
  • Complaint Management
  • Remitter Profile upgradation*, if customer wishes/ requires transfers with higher limits

Steps Involved

  • Locate your nearest IPPB access point/ agent for fund transfer
  • Remitter Registration (one time, if not done)
  • Beneficiary Registration (one time, if not done)
  • Fund Transfer
  • Remitter Profile upgradation, if customer wishes/ requires transfers with higher limits
  • Refund process (in case of any declines)


*Full KYC Registration/ Upgradation has been temporarily stopped. 

Click here to see the Charges and limits