Easy Steps to Send Money Abroad

Choose Your Desired Currency Amount

Choose Your Desired Currency Amount

Select currency and denomination you need to carry along

Enter Transaction Details

Enter Transaction Details

Enter remittance purpose with remitter and beneficiary details

Make Payment Online

Make Payment Online

Make payment via multiple payment options like debit card, credit card and net banking

KYC anf fulfillment of remittance

KYC and fulfillment of remittance

Transaction complete with receipt of forex order completion at blocked rate

International Money Transfer for Overseas Education

International money transfer for overseas education is mainly intended for university fee payments abroad. Only the service providers with Authorized Dealer II licence are permitted by Reserve Bank of India to remit money for education purposes abroad. The transactions are processed only after verifying PAN card, university offer letter and other basic KYC’s of the remitter.

Study abroad is to acquire international qualifications and enhance career prospects. Parents, guardians, or sponsors often need to send money abroad to students to cover various expenses such as tuition fees, accommodation, living expenses, and travel costs. Rely on secure and efficient International money transfer service providers for competitive exchange rates, low transfer fees, and fast transaction processing times. Use Online Money Transfer platforms or visit physical remittance centers to initiate the money transfer process.

Money Transfer Limit:

The Reserve Bank of India has set certain limits for international money transfer. Under the LRS of the RBI, all resident citizens of India are allowed to freely send money up to USD 250,000 per each financial year (April – March). Different purposes allowed under LRS include emigration, medical treatments abroad, overseas education, maintenance of close relatives etc. Overseas education fee is generally paid to the foreign university directly after getting the necessary supporting documents. The upper limit of $250000 can be used in a single foreign exchange transaction or multiple foreign exchange transactions combined in a financial year.


After the Union Budget of the year 2020-21, fresh revisions have been introduced to the Finance Bill, where 5% of tax would be imposed on overseas remittance for above Rs. 7 Lakhs as TCS (Tax collected at Source) under the Liberalized Remittance Scheme (LRS). TCS on remittances supported by financial institutions (educational loan) for study abroad is kept at 0.5% on the payment above Rs 7 Lakhs.

A couple transferring money online.

Why Unimoni for international money transfer?

  • Easy processing with simple documentation.
  • Personalized service to each student.
  • Quick transfer at unbeatable rates.
  • Most trusted and secured service provider for your international money transfer.


Satisfied Clients

4 Million Customers


Billion Transactions

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Transaction Every Year

Processing Transaction Every Year


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23 + Years In Industry
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Unimoni Customer Helpline and Call Service Call 1800 102 0555, Toll Free number to access free detailed yet simply explained information about our products and services.
We have a presence throughout India and are always available to assist you.

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The two methods people usually take to send money abroad through Unimoni are:

Telegraphic Transfer (TT)

It is an electronic method of transferring moneyf from one account to another, typically across international borders.TTs are a highly secure and efficient way to send money abroad and are often used for large transactions.

Unimoni's TT process is as follows:

1. The sender provides Unimoni with the beneficiary's bank account details, including the account number, SWIFT code, and bank address.

2. Unimoni initiates the TT, sending the funds to the beneficiary's bank electronically.

3. The beneficiary's bank receives the funds and credits them to the beneficiary's account.

Foreign Currency Demand Draft (FCDD)

A foreign currency demand draft (FCDD) is a paper instrument that transfers funds in foreign currency. FCDDs are a less common method of sending money abroad than TTs, but they can be a good option for smaller transactions.

Unimoni's FCDD process is as follows:

1. The sender purchases an FCDD from Unimoni in the desired foreign currency.

2. The sender sends the FCDD to the beneficiary, who can present it to a foreign bank to cash it in.

Customers can book and pay outward remittances within our portal.

Contact us through the toll-free number 1800 102 0555 or WhatsApp number 9946086666, or email us at customercare@unimoniindia.com or request a call back. We will get back you soon.

Resident individuals must have a Permanent Account Number (PAN) for sending outward remittances under the Liberalised Remittance Scheme (LRS). The PAN is required for all transactions under LRS made through Authorized Persons (ADs), including banks, money changers, and other institutions authorized to deal in foreign exchange.

The requirement for a PAN was introduced in 2014 to bring greater transparency to outward remittances and to ensure that the LRS is not being used for illegal purposes.

You cannot send outward remittances under the LRS if you do not have a PAN.

The beneficiary can receive the money in two ways:

Telegraphic Transfer (TT):

The money will be credited directly into the beneficiary's bank account. The beneficiary must provide their bank account details, including the account number, SWIFT code, and bank address.

Foreign Currency Demand Draft (FCDD):

The beneficiary must present the FCDD at a bank to cash it in. The bank will then give the beneficiary the equivalent amount of foreign currency.

Remittances are frequently restricted under the Liberalised Remittance Scheme (LRS). Resident individuals can remit up to USD 250,000 per financial year (April-March). This limit applies to all remittances made through all channels, including banks, money changers, and online platforms.

There is no restriction on the number of times a resident individual can remit funds within the LRS limit. However, the total remittances made during a financial year should not exceed USD 250,000.

If a resident individual exceeds the LRS limit, they may be required to provide additional documentation or explanations to the Authorized Dealer (AD) processing the remittance. Sometimes, the AD may refuse to process the remittance if it exceeds the LRS limit.

The documents you must submit for sending money abroad will vary depending on your chosen method and the amount you send. However, there are some general documents that you will always need to provide, such as:

Proof of identity:

1. Aadhar card

2. PAN Card

Proof of address:

1. Passport

2. Driving license

3. Election ID card

Other documents you need to submit will depend on the bank or money transfer service you use. It is always best to check with the service provider before you start the transfer process.

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