Foreign outward remittance from Chennai

Overseas money transfer is one of the basic needs of the present era. People in Chennai are obsessed with overseas money transfer as majority of the families in Chennai has their kin and relatives in different parts of the globe, either pursuing their studies or doing business etc. Foreign outward remittance from Chennai has become an obvious thing in the metropolitan city. While a person in Chennai goes out for overseas money remittance, he or she must be conscious of the elementary things about the foreign exchange market. A proper collection of info before moving out for overseas money remittance is always an added benefit as it will save you from big losses and difficulties associated with the frequently fluctuating forex market. A bird’s eye view of the transaction process and the details of documents needed for foreign outward remittance from Chennai is given here for your understanding. Have a look thru it and send money abroad from Chennai without any troubles.

Who are the trusted service providers in foreign outward remittance from Chennai?

• AD I Banks
• Authorized dealers with AD II and FFMC licence from Reserve Bank of India and other regulators for overseas money remittance.

What all documents are mandatorily required for overseas money remittance from Chennai?

• Any ID proof of the remitter
• Remitters PAN card
• Application form
• Other relevant documents as requested by the authorized dealer

Whether a PAN card is a must for foreign outward remittance from Chennai?

Yes, a sender in Chennai needs a PAN card to make overseas money remittance from Chennai and to get the best deals at the best exchanger rate. As per the latest amendments of RBI, a person without a PAN is not allowed to do overseas money remittance from India.