International bank transfer from Chennai

International bank transfer from Chennai

The demand for International bank transfer from Chennai has increased over period. However, majority of the population transferring funds abroad is not aware of the guidelines and regulations in remitting money from India. There are several regulations like FEMA guidelines for outward remittance and RBI guidelines for outward remittance were implemented to prevent malpractices and fraud activities. Most of the common people around Chennai are unaware about it. If you are based in Chennai and has an urgent need to make international bank transfer from Chennai, then having a knowledge about these guidelines will help you to carry out the money transfer safe and securely in line with the FEMA and RBI guidelines for outward remittance. Keep reading and gather the info you want and transfer your funds now without the worry of falling prey to frauds and getting in any unwanted situations.

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

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

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    FEMA guidelines for outward remittance

    • • There is a part called LRS in FEMA, which covers the whole topic of outward transmittals for resident individuals of India. It is the acronym for the Liberalised Remittance Scheme.
    • Under the Liberalised Remittance Scheme, a citizen of Indian can make international bank transfer from Chennai to overseas banks without the need of any special permissions. However, money can be transferred only for a set of pre-assigned purposes, and payments are permitted up to the maximum of a yearly limit which is currently set at USD 250,000.
    • LRS lets the residents of India to do international bank transfer from Chennai to foreign countries 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 is permitted to do fund transfer from Chennai to foreign nations within the limit of USD 2,50,000 per financial year. This limit can be applicable in a one-time business or through multiple purchases.
    • It is a must to submit the PAN card for all the international bank transfer from Chennai to abroad irrespective of the amount being send. This is done to confirm 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 applied over all the international bank transfers from Chennai. While choosing for international bank transfer from Chennai, 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 Chennai?

      If you are looking to make international bank transfer from India, and especially from Chennai, 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.comYou can also visit any nearby branches of Unimoni in Chennai for having a hassle less outward remittance from India in line with the FEMA guidelines and RBI guidelines for outward remittance.

      CHENNAI-ADAYAR
      NO. 9, LB ROAD,
      NEAR ANANTHA BHAVAN SWEETS,
      CHENNAI-ADAYAR
      TAMIL NADU – 600020

      AMBATTUR
      PLOT NO.11, SHOP NO: 470,
      1ST FLOOR, OPPOSITE TO PERAMBUR SRINIVAS
      AMBATTUR, CHENNAI,
      TAMIL NADU-600 053

      CHENNAI MOUNT ROAD
      NO 142, GROUND FLOOR,
      U.H CENTRE, GREAMS ROAD
      CHENNAI MOUNT ROAD,
      TAMIL NADU – 600 006

      PALLAVARAM
      7/21, SAINT PATRICK COMPLEX,
      INDIRA GANDHI ROAD (GST ROAD),
      PALLAVARAM, CHENNAI-PALLAVARAM,
      TAMIL NADU – 600 043

      PERAMBUR
      SHOP NO 68,
      MADHAVARAM HIGH ROAD,
      PERAMBUR, CHENNAI
      TAMIL NADU – 600 011

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