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Domestic Money Transfer

DMT API – Domestic Money Transfer API for Fintechs & B2B Platforms

RK Fintech provides a secure and high-performance DMT API that enables instant domestic money transfers to any bank account in India. The API supports IMPS and NEFT routing, beneficiary verification, sender onboarding, and real-time transaction updates.

It is a complete solution for fintechs, aggregators, and B2B platforms seeking fast, compliant, and reliable bank-to-bank transfers without direct bank integrations.

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Domestic Money Transfer API
What is DMT API

What is a DMT API?

A DMT API (Domestic Money Transfer API) allows your platform to let users transfer money instantly to any bank account in India using IMPS or NEFT.

The API manages sender onboarding, beneficiary validation, transaction initiation, and real-time status tracking through secure API calls.

This enables fintech companies to offer seamless bank transfer services without maintaining banking connections directly.

Key Features of RK Fintech’s DMT API

Instant IMPS / NEFT Money Transfer

Send money instantly to any Indian bank account using IMPS and NEFT networks.

Beneficiary Verification
  • Bank account & IFSC validation
  • Penny-drop verification (if supported)
Sender & Beneficiary Management
  • Add & verify beneficiaries
  • OTP-based sender verification
  • Limit management by business rules
Real-Time Transaction Status

Live callbacks and webhooks for initiated, success, failure, refunds, and reversals.

Scalable API Infrastructure

Designed for high-volume DMT transactions across large platforms.

Easy Integration
  • RESTful JSON API
  • Sandbox environment
  • Sample request & response payloads
  • Dedicated integration support

Why Choose RK Fintech as Your DMT API Provider?

Our Domestic Money Transfer API helps fintechs launch quickly without the burden of direct bank integrations.

DMT API Workflow (How It Works)

Sender onboarding and identity verification (KYC compliant)
Beneficiary registration with bank account & IFSC
Money transfer initiation via IMPS or NEFT
Transaction status callback via webhooks
Reporting, MIS, and reconciliation

Use Cases of Domestic Money Transfer API

  • B2B aggregator platforms
  • Neo-banks and fintech apps
  • Remittance solution providers
  • AEPS, Micro ATM, CSP platforms
  • Digital service provider portals
  • Salary disbursement systems
  • Micro-payout & vendor payment platforms

Enable customers or agents on your platform to send money to any bank account instantly.

DMT API Feature Support

Feature Support
Transfer Modes IMPS, NEFT
Beneficiary Verification Yes
Webhooks Yes
Transaction Limits Business-configurable
API Type REST JSON
Security Token authentication, IP whitelisting, encryption
Sandbox Available

Frequently Asked Questions (FAQs)

What is a DMT API?
A DMT API allows your platform to perform domestic money transfers to any bank account using IMPS or NEFT through secure automated API calls.
Does the DMT API support instant money transfers?
Yes. IMPS enables near real-time transfers, while NEFT follows standard banking settlement cycles.
Can I verify a beneficiary before sending money?
Yes. The API supports beneficiary verification using account number and IFSC validation or penny-drop, wherever applicable.
What security methods does the Money Transfer API use?
Token-based authentication, IP whitelisting, encrypted communication, and detailed audit logs ensure secure transactions.
What transaction limits apply for DMT?
Transaction limits depend on the partner’s business model and bank policies. Daily, per-transaction, and per-beneficiary limits can be configured.
How does the platform receive transaction status?
Transaction updates are received via real-time webhook callbacks showing success, failure, or refund status.
Can the DMT API be integrated with AEPS, Micro ATM, or BBPS?
Yes. Many fintech platforms build a complete ecosystem by combining DMT with AEPS, Micro ATM, BBPS, and other RK Fintech APIs.
Which businesses can use the Domestic Money Transfer API?
Fintech apps, aggregator platforms, CSP networks, neo-banks, microfinance companies, and B2B payment portals can integrate the DMT API.

Ready to enable instant money transfer services on your platform?

Launch IMPS & NEFT powered domestic transfers with RK Fintech.

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