DMT

The need of transferring money can arise at any time & anywhere. It often arises during non-banking hours. Domestic Money Transfer(DMT) is the service by which any one can send money by registering their mobile no across India with ease.

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Importance

  • Important is rural areas for financial inclusion .
  • Important in Instant Money Transfers.
  • Important as it is 24*7*365 days available service.
  • Important for Retailers to generate good revenue.
  • Important as it is not a location constraint like a Bank.

Benefits

  • Easy to use..
  • Safe and secure payment method.
  • Interoperable across various banks.
  • Encourages financial inclusion and serves the underbanked sections of society.
  • It is a completely safe and secure process as DMT transactions require the
  • account holder’s Account number & registered mobile number.

Process :

...
Step 1

Login into Sahaj Portal with Sahaj Mitra ID

...
Step 2

Enter Sender mobile number and Beneficiary account details.

...
Step 3

Send money to a beneficiary account with SKash and earn Commission.

Frequently Answered Questions

  • 01

    What is the Minimum amount of transaction?

Minimum amount starts from Rs.10.
  • 02

    Does the Sender require a Bank Account?

No, sender Bank account details are not captured anywhere & not mandatory to have an
  • 03

    What will be the commission Frequency?

Instant to his skash, if the transaction is successful.
  • 04

    Does the VLE / Sender need to register his phone no. to proceed further?

Yes.
  • 05

    Can we transfer money during non banking hours?

Yes, at any time.
View All Questions

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