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Domestic Money Transfer (DMT)


Domestic money transfer is a cash-to-bank-account remittance service. Our authorised DMT agents help customers transfer money from rural/ semi urban locations & transfer funds instantly to bank accounts across India. The funds can be transferred to any nationalised or private bank that operates in India and supports NEFT/IMPS.

The DMT service is useful for the unbanked and underbanked population of India, particularly those who work as migrant workers/ labourers and need to transfer cash up to Rs 25000 per month to their family or loved ones. By using this service, the customers can send money instantly to any IMPS/ NEFT supported bank account in India. The receiver will get the money credited into the bank account within seconds. The service is available 24X7 across the year, during non-banking hours and on banking holidays as well.

ADVANTAGES OF RELIGARE PARTNERSHIP

25 years of
Brand Trust
Attractive Commission
& Income
Safe & Secure
Digital Process
Bundle of Products
& Services
Free Training &
Marketing Support

Empowering Customers with DMT Services

Religare Digital is a one-stop solution for e-governance services like Domestic Money Transfer in India. Our agents are equipped with adequate training and tools to instantly process services like money transfer for customers (DMT). Users who do not have access to formal banking facilities can conveniently send money anytime and anywhere by visiting their nearest Religare Digital Agent. The service is paperless, safe & secure. Whether one wants to transfer cash from an urban/ semi urban location or from rural and remote area to any bank account in India, DMT services can be processed seamlessly in an affordable and customer friendly manner. Each transaction is backed by advanced encryption technology and authentication protocols. Customers get an acknowledge receipt confirming the success of transfers instantly.

Features & Benefits of Religare Digital’s DMT Services

  • Safe & Secure Process: DMT services are completely safe as the transactions are backed by high-end encryption protocols. Our platform for transactions is highly secure and assures the safety of customer data & cash transfers.
  • Instant Transfers: The cash transfer is carried out within seconds to the receiver’s bank account. There is no need to visit a bank and no documentation or paperwork is involved, making DMT a hassle free process.
  • No Bank Account Required: The senders do not need to share their bank account details for carrying out money transfers.
  • KYC for Authenticity: The senders are required to share their name, mobile number & establish KYC using thumb imprints over the Biometric device prior transferring to the beneficiary’s bank account. This ensures authorised transfers only.
  • 24 X 7 Accessibility: Domestic Money Transfer service is available round the clock, i.e. 24 hours a day and 7 days in a week, including bank and public holidays. The transfer is carried out only by authorised DMT agents.
  • Affordable Service: DMT Services are carried out at nominal fees, making it an affordable and hassle free medium of sending money to friends & family.
  • Authentication Receipt: Each successful money transfer is followed by an acknowledgement message on the sender’s mobile number. The receipt can also be requested.

How DMT Services Work?

DMT Services work instantly in real time at a nominal fee. Here is a step-by-step process for processing Domestic Money Transfer —

  • 1. Visit a designated Religare Digital shop.
  • 2. The agent will login to DMT customer platform through the official agent platform and request the mobile number of the customer.
  • 3. Now the agent will verify customer KYC by requesting the Aadhar number and perform biometric authentication using thumb imprint.
  • 4. He will add beneficiary bank details, i.e. account number and IFSC code and full name in the platform, followed by the amount to be transferred.
  • 5. On successful money transfer, he will take out a print transaction receipt.
  • 6. The customer will also receive the money transfer acknowledgement on mobile.

How to Become a DMT Agent with Religare ?

Becoming a DMT Agent is a paperless process.


Step 1

Explore Business Opportunities

Learn about our products & services, benefits of joining as an agent and income potential on our website.


Step 2

Submit Your Interest

Share your interest by filling out the form. Carefully fill your name, contact details and products for starting your business.


Step 3

Initial Discussion

Our team will contact you for an initial discussion. We will answer your questions and share the role, responsibilities and benefits.


Step 4

Join as Agent

Joining as a Religare agent is a paperless process. Our team also helps you in documentation and onboarding. On successful DMT Registration, you get required training, marketing and business assistance.

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