Family maintenance money transfer from Kochi

Family maintenance money transfer from Kochi

With relations and friends placed in overseas grounds, family maintenance money transfer from Kochi has become a common affair. Many might come across this term or even used this services, but lack enough know-how to use this service smartly. It would really be handy to know how much money you can send overseas. Reserve Bank of India has set stipulated guidelines that are often taken care in the most structured manner by the Authorised Dealer category II licence holders or licenced money exchangers. Hence it is advisable to rely on them for such services.

Best means to Family maintenance money transfer from Kochi is through Swift or as FCDD. Swift is the electronic method of transferring funds directly to the person/ beneficiary’s bank account. FCDD or Foreign Currency Demand Draft is an instrument in the form of physical paper that can be taken along with you or sent through post to the concerned beneficiary residing overseas. Every transaction that deals with money is often made with utmost care hence it is most reliable to Family maintenance money transfer from Kochi only through authorised channels that have their licence with Reserve Bank of India.

    Talk to our forex experts


    What are the things to be taken care while Family maintenance money transfer from Kochi?

    • Give the details of the receiver like name, purpose …
    • Confirm the receipt of the amount by the beneficiary in overseas
    • Keep all the receipts secured for future reference

    What are documents required to Family maintenance money transfer from Kochi?

    • Essential documents like original passport, valid ID/ VISA, etc.
    • Copy of the PAN for transaction above Rs.25000/-
    • Invoice copy of the transaction

    icon

    37

    Years of Expertise

    icon

    2.5 Million+

    HAPPY CUSTOMERS

    icon

    320+

    BRANCHES WITH EXPERT

    icon

    12THOUSAND+

    AGENT LOCATIONS

    Foreign currency demand draft better known as FCDD

    What is FCDD?

    • FCDD or foreign currency demand draft is made in foreign currency with the desirable amount that need to be remitted.
    • Most reliable instrument to take money abroad to any part of the world.
    • Available in all exceedingly demanded currencies
    • Valid for 3 months
    • Primarily used for Family maintenance, Education, Employment purposes, Immigration, Visa fees, etc.
    • Payments can be done through Foreign Currency Demand Draft in foreign banks and get it cleared
    • Nominal charges are taking for making the draft
    • Rely on authorised financial institutions with licence from Reserve Bank of India

    How much money can be taken as FCDD?

    • Send up to 1 lakh dollar in a year for education under Liberalised Remittance Scheme as per RBI guidelines
    • Transfer up to 2 lakh dollar in a year.

    What is TT or Telegraphic Transfer – SWIFT?

    • Transfer of funds through telex/telegram, also known as Telegraphic Transfer (TT).
    • Funds are transferred from the bank of the remitter in one country to the bank account of the beneficiary in another country
    • Most recommended and only electronic mode to transfer money as per Reserve Bank of India
    • It has guaranteed pace and security for faster credits
    • Trouble-free and highly secured way to Family maintenance money transfer from Kochi
    • Almost worthwhile for every personal transactions under this method
    • You can transfer money directly to the bank accounts abroad

    How much money can be sent as TT for Family maintenance money transfer from Kochi?

    • Send up to 250,000 dollar in a year on a personal account
    • Transfer up to 1,000,000 dollar in a year on a business account
    • Send up to 10,000 dollar per day using bank debit

    What is the cost of Family maintenance fund transfer from Kochi?

    Send money to overseas depends upon some conditions such as

    • Rates of Foreign exchange in the marketplace
    • A meagre services charges incurred by the company which often varies due to the company’s expertise and proficiency in serving the same.

    Reaching overseas in times of need is often not possible, but you can always help them with your support from wherever you are. It is always handy to get updated about the Family maintenance money transfer from Kochi, much before any such need arises. Moreover people foreign exchange rates are often fluctuating and changes from time to time, hence it’s good to be updated with such valuable facts.

    Branch Locator


      Fort Kochi
      No.2/582a, First Floor,
      Kunnumpuram Junction, Fort Kochi,
      Ernakulam,  Kerala  – 682 001

      Edapally
      Kuttoth Complex Opp. Reliance Fresh,
      Thrikkakara Road, Edapally
      Tol Ernakulam -682 024

      Tripunithura
      BUILDING NO. XXXVII/83,
      “MANICKANAMPARAMBIL BUILDING,
      LAYAM ROAD, TRIPUNITHARA KERALA – 682 301.

      Fort Kochi
      No.2/582a, First Floor,
      Kunnumpuram Junction, Fort Kochi,
      Ernakulam,  Kerala  – 682 001

      Edapally
      Kuttoth Complex Opp. Reliance Fresh,
      Thrikkakara Road, Edapally
      Tol Ernakulam -682 024

      Tripunithura
      BUILDING NO. XXXVII/83,
      “MANICKANAMPARAMBIL BUILDING,
      LAYAM ROAD, TRIPUNITHARA KERALA – 682 301.

      Customer Review | Contact Us   blog  Facebook  Twitter  Instagram  YouTube