Cash transfer to sibling

Querist : Anonymous (Querist) 30 September 2026 This query is : Resolved
1> Can one transfer Cash via RTGS to sister-in-law of amount 25 Lakhs at 1 time?
Is it ok to have just gift deed on 100/- stamp paper?
And hope no need to register?

1> Can one transfer Cash via RTGS to Brother of amount 25 Lakhs at 1 time?
Is it ok to have just gift deed on 100/- stamp paper? And hope no need to register?

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You can transfer up to £25 Lakhs via RTGS to a sibling or sister-in-law, with banks typically allowing this amount daily. While a £100 stamp paper gift deed is valid for monetary gifts, it should be notarised with witnesses. Registration is only mandatory for immovable property, not cash transfers. Ensure the funds are from accounted income and declare the gift in your Income Tax Returns.

kavksatyanarayana (Expert) 01 October 2026
If you want to gift of Rs.25 lakhs to your sister-in-law, it shall be registered, though it is movable, on stamp paper. The stamp duties vary from one state to another. Simply, you can transfer via RTGS to your brother or sister-in-law

T. Kalaiselvan, Advocate (Expert) 03 October 2026
The Reserve Bank of India (RBI) imposes no upper limit on RTGS transfers. However, daily net-banking limits set by individual banks vary (typically ₹25 Lakhs to ₹50 Lakhs per day). If your online limit is lower, you can submit an offline RTGS request at your bank branch using a cheque/challan. Yes, a ₹100 stamp paper gift deed is valid for financial transfers (cash/bank funds). Stamp duty rates for movable property/monetary gifts are nominal, and a ₹100 stamp paper (notarized with two witnesses) serves as sufficient documented proof for tax inquiries.
Registration at a Sub-Registrar's office is mandatory only for immovable property (land, house, flat). For liquid money transfers via bank channels, a notarized gift deed is fully valid and compliant.
Ensure the money comes from your accounted/tax-paid income.
State clearly in the deed that the gift is given voluntarily, out of love and affection, without any monetary consideration or repayment obligation.
Both parties should maintain a copy of the RTGS bank statement and the signed Gift Deed. Mention the gift under the Exempt Income schedule when filing Income Tax Returns (ITR).

Dr. J C Vashista (Expert) 06 October 2026
What is the legal issue / dispute involved in your post ?

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