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Domestic Money Transfer (DMT)

Seamless Cash-to-Bank Remittance

DMT is a cash-to-bank-account remittance service that enables customers to transfer money from rural locations to any bank account in India. Our service supports NEFT (National Electronic Funds Transfer) and IMPS (Immediate Payment Service) for instant fund transfers to both nationalized and private banks.

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Importance of DMT in India

Empowering Local Businesses:

DMT benefits local retailers by turning them into service points and attracting more customers, thereby enhancing footfall and contributing to the financial well-being of communities. This empowerment fosters local economic growth and improves financial inclusion.

Seamless Transfers Across India:

Our service accommodates a broad customer base by enabling users to remit funds to both nationalized and private banks. With the integration of NEFT and IMPS, transactions are secure, fast, and accessible nationwide.

Lifeline for the Migrant Population:

For migrant workers, this provides a crucial means to send money back to their families securely and quickly. By reducing geographical barriers, it offers customers a fast, reliable way to send money home, and gives rural populations convenient access to banking facilities and empower the underbanked population.

NPCI's Role in DMT

The National Payments Corporation of India (NPCI) plays a pivotal role in the implementation and operation of DMT, ensuring the system's integrity, security, and efficiency. Key responsibilities include:


Key Roles and Responsibilities:

  1. Owner and Operator: NPCI oversees the entire DMT infrastructure, ensuring efficient and secure transaction processing.
  2. Service Provider and Coordinator: NPCI facilitates transaction processing, settlement services, and technical support while coordinating with banks and financial institutions.
  3. Settlement Agency: NPCI manages the interbank settlement process, ensuring timely and accurate settlements.
  4. Regulatory Compliance: NPCI ensures compliance with RBI regulations and implements measures to prevent money laundering and fraud.
  5. Member Onboarding and Certification: NPCI oversees the onboarding and certification of new members, ensuring compliance with standards.
  6. Continuous Improvement and Support: NPCI continuously improves the DMT system and provides ongoing technical support to members.

Business Flow

  1. Customer Registration:
    • Search Customer: Check if the customer exists in the system using their mobile number.
    • Register Customer: Register new customers with personal details and KYC information.
  2. Beneficiary Management:
    • Add Beneficiary: Add beneficiaries with details like name, account number, IFSC code, and customer mobile number.
    • List Beneficiaries: Retrieve a list of beneficiaries associated with a customer.
    • Delete Beneficiary: Remove beneficiaries from the list.
  3. Fund Transfer:
    • Initiate Transfer: Transfer funds using NEFT or IMPS with details of the sender and receiver.
    • Transaction Status: Check the status of transactions in real-time.

How the integration works

  1. Token Management:
    • Generate Access Token: Obtain an access token for API authentication.
  2. Customer Management:
    • Search Customer: Search for existing customers using their mobile number.
    • Register Customer: Register new customers with personal and KYC details.
  3. Beneficiary Management:
    • Add Beneficiary: Add new beneficiaries with necessary details.
    • List Beneficiaries: Retrieve and manage the list of beneficiaries.
    • Fund Transfer: Initiate the transfer via NEFT or IMPS and receive the transaction reference.
    • Transaction Status: Poll or receive a callback for the final state of the transaction.

Get Started

Ready to transform your DMT systems? Contact us today to learn more about our DMT Solutions and how it can benefit your business.


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