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Domestic Money Transfer (DMT)


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.

ADVANTAGES OF RELIGARE PARTNERSHIP

Business opportunity
with low investment
Easy onboarding on
our platform
One stop shop for all
Digital & Financial Services
High earning
potential
Secure & Reliable
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Religare Digital Products & Services


AePS

AePS

DMT

DMT

Micro ATM

Micro ATM

CSP

CSP

PAN

PAN

TDS/eTDS

TDS/eTDS

DSC

DSC

DSC

PM SVANidhi Scheme

BBPS/Home Utilities

BBPS/Home Utilities

Recharges

Recharges

Health Insurance

Health Insurance

Life Insurance

Life Insurance

General Insurance

General Insurance

Motor Insurance

Motor Insurance

Train Tickets

Train Tickets

Bus Tickets

Bus Tickets

Air Tickets

Air Tickets

National Pension System

National Pension System

Mutual Fund

Mutual Fund

Sovereign Gold Bond (SGB)

Sovereign Gold Bond (SGB)

Fixed Deposit (FD)

Fixed Deposit (FD)

Captital Gain Bonds

Captital Gain Bonds

IPOs

IPOs

Two-Wheeler-Loan

Two Wheeler Loan

home-loan

Home Loan

personal-loan

Personal Loan

  • View all

Documents Required


For starting your business as a Religare Digital associate/ agent, kindly provide the following documents. This will ensure smooth functioning of your business. You can also contact our customer support team at 08068713333 for further clarification.

Passport Size Photograph
Photograph & PAN Card

Passport Size Photograph & Pan card copy

Office Proof
Office Proof

Landline/Telephone Bill/Electricity Bill/Rent Agreement

Bank Proof
Bank Proof

Copy of : cancelled cheque / statement / passbook

Residence Address Proof
Residence Address Proof

Driving Licence, Aadhar card/Voter id card/passport/passbook

Additional Documents
Additional Documents

For Partnership Firm: Copy of Partnership Deed/Letter of Authority of the Partners
For Companies: Copy of Memorandum and Articles of Association/ Bye Laws, Board Resolution (Company /Society / Trust), Authorized Signatory List

Empowering Transactions with DMT Services From Religare Digital

Choose Religare Digital for all your Domestic Money Transfer service requirements in India for a real time and secure solution. The Domestic Money Transfer or DMT service completely eliminates the dependency of the users on banks. DMT services empower those who do not have access to formal banking facilities, to send and receive money anytime and anywhere. Using the DMT services from Religare Digital, users are able to make safe, secure and fast money transfers, particularly in the rural and remote areas of India. DMT services use advanced encryption and authentication protocols, which make them safe and reliable.

What Are DMT Services?

With Religare Digital, avail DMT service to transfer money to any NEFT or IMPS-enabled bank account in India, without worrying about the bank’s working hours. The service is available 24/7 and even on holidays. With Religare Digital DMT services, you don’t need to visit any branch of the bank. It is a digital cash-to-bank account funds transfer service provided by agents as per the requirement of the customers. With Domestic Money Transfer service, you can make the most of the digital technology to make money transfers to any bank account whenever the need arises. DMT services are especially useful to the migrants and less-privileged sections of the society.

Features of Religare Digital’s DMT Services

The need for money transfer is quite regular these days, which may arise anywhere and anytime. Domestic Money Transfer is the process of sending money to your family, friends, relatives or anyone you need to, through a systematic channel. Most of the time, it has been seen that many people are reluctant to go to the bank, taking time out from their busy schedules. The bank branch may not be conveniently located to them. There are many users, who have not been able to get a bank account opened, due to the hassles of documentation, such as local address proof, paper work, etc. Moreover, the bank branches can be accessed only in day time, in a specific banking time period. Providing solutions to all these hassles faced by the customers, Religare Digital offers Domestic Money Transfer Service 24x7 through its robust network of agents. Some of the key features of our service are –

  • Availability: Domestic Money Transfer is available round the clock, all days, even on holidays.
  • Safety: It is completely safe as it uses high-end encryption protocols. The platform is highly secure and assures the safety of money transfer transactions.
  • Digital technology: Transfer is made digitally through IMPS or NEFT to the bank of your choice.
  • Instant process: Transfer is done within seconds in either cash or wallet to a bank account.
  • Expert assistance: The services are managed by our in-house team of experts.
  • Data security: DMT services keep the data of the customer secure and prevent any chances of data leak. The information of the customer is protected from any other third party.

Why Choose Religare Digital For DMT Services?

Religare Digital is one of the leading players in India’s digital ecosystem. Religare Digital, a trusted brand for 25+ years, can be your first choice for digital Domestic Money Transfer. Offering a wide range of financial services to its customers, Religare Digital provides digital money transfer in a safe and quick manner. The facility is available 24x7 for customers, who need funds urgently through money transfer or to send funds to near and dear ones who require urgent cash. Religare Digital is determined to offer the best of services and facilities to our customers. Religare Digital has tied up with trusted partners to provide seamless domestic money transfer experience.

Benefits of Using DMT Services

Our Domestic Money Transfer service comes with several benefits that make it convenient for the customers to send funds without much effort. Here is a quick look at the best benefits of Domestic Money Transfer service by Religare Digital —

  • Time saving: You can make an instant transfer to any bank account of your choice in India.
  • Accessibility: It is a boon for the less-privileged and un-banked sections of society.
  • Convenient: Domestic Money Transfer service eliminates the need to visit any bank branch and can be done digitally from anywhere.
  • Ease: Religare Digital has enabled its agents to accept all modes of payment from customers.
  • Anytime transfer: The transfer can be done digitally to any bank account in India anytime in 365 days.
  • Hassle-free: There are no documents required for the transfer of money.
  • Instant service: The Domestic Money Transfer is an instant credit service to the beneficiary’s account enabled with NEFT or IMPS-based service.
  • Cost-effective: Religare Digital charges nominal fees as service charges for 100% convenience, making it cost-efficient for users.
  • Always available: Easy and quick transfers anytime, even after bank hours and on bank holidays.
  • Safe solution: It is a safe and secure process that uses advanced technology.

How DMT Services Work?

Here is the step-by-step process for Domestic Money Transfer —

  • Step 1 - Initiation: The process gets initiated when the sender contacts the agent of Religare Digital.
  • Step 2 - Authorisation: The sender provides key details such as the receiver’s name, bank account number, bank branch, IFSC code, and mobile number. The sender’s bank verifies these details and the funds to be transferred. It then sends a message to the beneficiary’s bank with payment instructions and the sender’s contact details.
  • Step 3 - Transfer: Once the authorisation is done, the sender’s bank processes the transaction based on the provided instructions and sends payment instructions to the receiver’s bank through a secure electronic network.
  • Step 4 - Processing: The sender’s bank debits the funds from their bank account.
  • Step 5 - Payment Completed: Within moments, the receiver’s bank account is credited. Both the sender and receiver receive notifications about the transaction.

How to Get Started with Religare Digital’s DMT Services?

When you need to make Domestic Money Transfer either for personal or business purposes, we recognise all your needs and have the right solution for you. Contact Religare Digital-authorised agent today for your Domestic Money Transfer service requirements. Now, there is no need for you to waste your time waiting in the long queues at the bank branches. Religare Digital agents are here to help you with your money transfer requirements. They have the right knowledge and expertise to address all your doubts and concerns about money transfer. So, forget about all your problems related to online money transfer. Religare Digital is here for you for a stress solution to money transfer requirements. Reach out to your Religare agent today and experience the difference.

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