DMT – Domestic Money Transfer
Send money to any Indian bank account with secure IMPS/NEFT rails, real‑time status, and clear settlement—built for agents, distributors, and enterprise partners.
What is DMT?
Domestic Money Transfer enables cash‑to‑bank and wallet‑to‑bank remittances at retail points or via APIs. Customers can deposit cash with an agent or initiate a payout digitally—funds move to beneficiary bank accounts using NPCI/Bank rails.
- • IMPS: Instant bank credit (24×7, subject to bank availability)
- • NEFT: Bank working hours settlement (per bank windows)
- • Account verification (penny drop) & beneficiary management
- • Optional: UPI VPA verification for risk checks
Note: Availability and cut‑offs depend on sponsor bank configuration.
Why Anada for DMT?
- ✔ Clean APIs with webhooks for credit confirmation & failures
- ✔ T+0/T+1 settlement options with MIS and downloadable statements
- ✔ Robust onboarding—KYB/KYC workflows, role‑based access, audit logs
- ✔ Real‑time monitoring, retry logic & transparent error codes
- ✔ White‑label portal & distributor hierarchies
How DMT Works
1) Register
Customer KYC (as required), add beneficiary (name, account, IFSC) and verify.
2) Fund
Collect cash at agent point or fund via wallet/ledger; start transfer.
3) Transfer
Process via IMPS/NEFT; get reference (RRN/UCI). Webhook notifies final status.
4) Settle
Fees, TDS (if any) & commissions applied; settlement posted to ledger.
Key Features
Instant/Timed Payouts
IMPS for near‑instant credit; NEFT for scheduled windows—auto‑fallback on rails when configured.
Strong Verification
Account verification (penny drop), IFSC validation, optional VPA checks to reduce failures.
Transparent Status
RRN/UCI mapping, webhooks, and a clear dispute/refund flow for timeouts and reversals.
Control & Limits
Configurable per‑txn/day limits, velocity checks, and beneficiary caps by role.
Compliance First
KYB/KYC, AML screening hooks, audit trails, and consent capture built‑in.
White‑Label Ready
Custom branding, multi‑tier commissions, and distributor/retailer hierarchy.
Who Can Use DMT?
- • Registered agents/retailers under an approved partner network
- • Completed KYB/KYC (PAN, Aadhaar, address/bank proof)
- • Wallet/ledger funded and active
Compliance
- • Sponsor bank policies, NPCI/Banking guidelines
- • AML screening, sanctions checks (where applicable)
- • Data protection, customer consent & audit logging
Settlement
T+0/T+1 options with multiple daily windows depending on volume and risk profile. Download detailed MIS and commission statements from the dashboard.
Pricing
Per‑transaction fees with volume‑based slabs and optional white‑label terms. Contact sales for a tailored quote.
DMT FAQs
How fast does IMPS credit happen?
Typically near‑instant, subject to bank availability and maintenance windows.
Do I need beneficiary verification?
Strongly recommended. We support penny‑drop verification and IFSC/VPA checks to reduce failures.
What if a transfer fails or times out?
We auto‑reconcile with the bank/NPCI reference (RRN/UCI). Refunds or reversals follow sponsor‑bank timelines.
Are there transaction limits?
Limits depend on sponsor bank, KYC level, and risk profile. Configure per‑txn/day caps in your dashboard.
Launch DMT with Anada
Onboard agents, enable payouts, and go live with clear SLAs, webhooks, and support.