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Domestic Money Transfer

Instant IMPS payouts to any bank account in India, from a single sender screen.

What it is

Understanding Domestic Money Transfer

Domestic Money Transfer (DMT) lets your customers send money instantly to any bank account in India — ideal for migrant workers, small businesses and anyone without easy access to net banking. Sriyaan's DMT rail runs on IMPS, so funds land in the beneficiary's account within seconds, any day of the week.

Quick facts
Transfer speedInstant (IMPS)
Per-txn limit₹25,000
BeneficiariesUnlimited
CommissionFlat + slab based
How it works

From counter to commission, in three steps

01

Register the sender

A one-time Aadhaar/PAN-based KYC registers the sender against their mobile number, as per RBI norms.

02

Add a beneficiary

Enter the receiver's bank account and IFSC, or select a previously saved beneficiary.

03

Send & confirm

Funds move instantly via IMPS, with an SMS confirmation sent to both sender and receiver, and your commission credited automatically.

Why partners choose it

Built to run reliably at the counter

Instant, 24x7 transfers

IMPS rails mean money moves any time, any day — including bank holidays.

Built-in beneficiary management

Save frequent beneficiaries so repeat customers are served in seconds.

RBI-compliant KYC

Sender registration follows RBI's PPI/DMT KYC guidelines, keeping you compliant automatically.

Auto-reconciled ledger

Every transfer, refund and commission entry is logged and reconciled without manual bookkeeping.

Who it's for

Where Domestic Money Transfer fits

Retail counters

Offer instant remittance alongside AEPS and bill payments at the same counter.

Migrant worker corridors

Serve customers sending money home to family in another state — no bank branch needed.

Small businesses

Pay vendors and staff instantly without maintaining multiple bank relationships.

FAQ

Common questions

Can't find your answer? Talk to our team.

Yes RBI caps DMT transactions per sender per month; your dashboard shows the sender's remaining limit before every transfer.

Failed transfers are auto-reversed to the sender's wallet or refunded per the standard NPCI reversal timeline, tracked live in your ledger.

No — senders pay you in cash and you initiate the transfer from your Sriyaan wallet, so unbanked customers can still send money.
Ready when you are

Start offering Domestic Money Transfer today

Register as a partner and our onboarding team will get you transacting within 48 hours.

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