International bank transfer from Bangalore

International bank transfer from Bangalore

International fund transfers are a common and recurrent practice nowadays. The increase in international money transfer automatically gave rise to fraudulent activities as well in line with the money transfer abroad. In order to eliminate this, certain guidelines and regulations were implemented. The main two among them are, FEMA guidelines for outward remittance and RBI guidelines for outward remittance. If you are in a plan to make an international bank transfer from Bangalore, then having a better understanding about this will assist you to carry out the entire process properly without much hassles. Here is a brief of the guidelines for you. Now leave your worries aside and make an international bank transfer from Bangalore easily and securely.

Which are the basic two guidelines on outward remittance from Bangalore?

  • FEMA guidelines for outward remittance
  • RBI guidelines for outward remittance

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    FEMA guidelines for outward remittance

    • The part of FEMA covering the outward transmittals for resident individuals of India is called the Liberalised Remittance Scheme.
    • Under the Liberalised Remittance Scheme, Indian resident individuals can make international bank transfer from Bangalore to overseas bank accounts without the need to get special permission. However, money can only be transferred for a set amount of purposes, and payments are allowable only up to a maximum yearly limit which is currently set at USD 250,000.
    • LRS allows residents of India to do international bank transfer from Bangalore to foreign nations for the following purposes like, to cover the expenditures of overseas education and living costs for students studying abroad, tour and travel costs, medical treatments abroad, purchase of shares or property abroad, supporting family members living overseas, gifts and donations and etc.

    RBI guidelines for outward remittance

    • A resident individual can do international bank transfer from Bangalore to foreign nations within the limit of USD 2,50,000 per financial year. This limit can be used in a one-time business or through multiple purchases.
    • It is necessary to submit the PAN card for all the international bank transfer from Bangalore to abroad irrespective of the amount being send. This is done to pledge that an Indian resident individual is acquiescent to the LRS limit of USD 2, 50,000 in a single financial year.

    The above are the FEMA guidelines for outward remittance and RBI guidelines for outward remittance which is applicable for all the international bank transfers from Bangalore. While choosing for international bank transfer from Bangalore, always go in line with these guidelines for a safe and secure money transfer from wherever you are.

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      Where to contact for international bank transfer from Bangalore?

      If you are looking to make international bank transfer from India, and especially from Bangalore, please feel free to get in touch with us by visiting our website https://www.unimoni.in/ and put a query or chat with us at the toll-free number 1800 102 0555 or WhatsApp us at +91 9946086666 or mail us at customercare@unimoniindia.com You can also visit any nearby branches of Unimoni in Bangalore for having a hassle less outward remittance from India in line with the FEMA guidelines and RBI guidelines for outward remittance.

      JAYA NAGAR
      F-102, 1st FLOOR, SURAJ PALAZA,
      NO.196/8-8, 8TH F MAIN ROAD,
      3RD BLOCK, JAYA NAGAR,
      BANGALORE, KARNATAKA – 560 011

      KORAMANGALA
      BUILDING NO: 343, 1ST FLOOR,
      NEAR ADIYAR ANAND BHAVAN,
      OPP HDFC BANK, 1ST BANGALORE,
      KORAMANGALA. -560 095

      MG ROAD
      NO. 12/13, GROUND FLOOR,
      NORTH BLOCK, MANIPAL CENTRE,
      SDICKENSON ROAD, BANGALORE
      MG ROAD KARNATAKA – 560042

      MARATHAHALLI
      SITE NO. 21, SHOP NO. 3 & 4
      1ST FLOOR, M.T.K REDDY COMPLEX,
      OUTER RING JUNCTION, MARATHAHALLI
      BANGALORE -560 037

      RAJAJINAGAR
      1ST FLOOR, #3-Y, 59TH CROSS
      3RD BLOCK, RAJAJINAGAR
      NEAR BHASYAM CIRCLE BANGALORE,
      KARNATKA – 560 010

      R T NAGAR
      94/1, NSN COMPLEX, 1ST FLOOR,
      1ST CROSS, NEAR RT NAGAR,
      OPP GANGA NAGAR BUS STAND, BANGALORE
      R T NAGAR, KARNATAKA – 560032

      YELAHANKA
      NO: 2049, 1ST FLOOR,
      NEAR MOTHER DIARY CIRCLE,
      MIG 3RD PHASE, YELAHANKA
      BANGALORE KARNATAKA -560 064

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