International Money Transfer in Easier Ways with Unimoni
With several Indians going overseas for education, work, or any other purpose, the importance of international money transfer has been the need of the hour. Though transferring money online is a manageable task now, with service providers like Unimoni having your back, first-timers need to understand some essential aspects.
Do you need to send money abroad from Autonagar, Sircilla? Then, please keep reading to learn different ways of money transfer, the steps to transfer, and how Unimoni can help you in a seamless operation.
How to Transfer Money Overseas from Autonagar, Sircilla with Unimoni?
Check out these easy steps to send money abroad from Autonagar, Sircilla
- 1. Navigate your Nearest Unimoni Branch
With over 306 branches across India, Unimoni offers a seamless foreign money transfer from your location. To initiate the procedure, you need to locate the nearest Unimoni branch.
Note: You can visit our branch or complete the procedure online at your convenience.
- 2. Submit Your KYC Documents
You need to carry all the necessary documents while visiting the nearest Unimoni branch.
- 3. Submit the Beneficiary’s Documents
After completing the KYC verification, Unimoni will ask for the beneficiary’s details.
- 4. Complete the Payment Procedure
Next, you need to pay the transaction charges for the money transfer.
- 5. Wait for International Money Transfer from Sircilla - Two
With Unimoni, you can transfer money abroad in two business days once all the documents are correctly submitted. It takes only 20-30 minutes to complete the currency exchange process.
What are the Methods to Transfer Money Overseas from Autonagar, Sircilla?
You can make an outward remittance from Autonagar, Sircilla in multiple ways. Here are some of them:
- Bank Wire Transfer
This method transfers money directly from your bank account to the beneficiary’s account without involving any other medium.
- NRE/NRO Accounts
Non-resident Indians who have NRO/NRE accounts abroad with Indian banks can opt for hassle-free outward remittance through these accounts.
- Foreign Exchange Transaction Controls
The Foreign Exchange Transaction Controls of the RBI (Reserve Bank of India) regulate all money transfers from India to all foreign countries. You may need to submit some additional documents depending on the purpose of the transaction.
What Makes Unimoni One of the Best Options for Outward Remittance from Autonagar, Sircilla?
Serving over 2.5 million customers, Unimoni is one of the trusted international money transfer platforms in India. Transactions through Unimoni are audited on a regular basis by the anti-fraud and data protection team.
Check out some more reasons why Unimoni is the correct answer to your international money transfer from Autonagar, Sircilla searches:
- Feasible Exchange Rates
With access to a vast currency market, Unimoni offers money transfers at reasonable exchange rates.
- Easy Money Transfer
With Unimoni, you can send money abroad in a few easy steps. Our process is simple to cater to a wide range of clients. You can visit the branch nearest your location, provide the required documents, and conduct the necessary steps to make seamless money transfers.
- Faster MoneyTransfer
Thanks to Unimoni’s global network, you can now make outward remittances from Autonagar, Sircilla in just two to three business days.
- Multiple Payment Options
With Unimoni, you can transfer funds through multiple options like NEFT/RGTS, UPI, cheque/cash deposits, credit/debit cards, etc. So, you can choose your convenient payment option and make the transaction quickly.
- Safe and Secure
Our security system is encrypted with advanced safety protocols, which protects your details and valuable funds. We aim to safeguard your assets from threats by providing top-level cyber security.
What are the Tax Implications of Outward Remittance?
It is essential to know the tax implications on international money transfers before opting for outward remittance:
- GST: You need to pay 18% GST on the forex exchange margin and transaction fees.
- CRS/FATCA: We maintain FATCA and CRS compliance requirements. Before filing tax reports with Income tax authorities, we will deduct the TDS applicable to your transaction.
- TCS: If you opt for an international money transfer of more than Rs. 7 lakhs, TCS will be applicable. 0.5% TCS is applicable on outward remittances for purposes like education loans.
Conclusion
Now that you know the money transfer procedure through Unimoni, you can understand why it is a leading forex company. Individuals looking for hassle-free money transfers abroad within the shortest processing time can contact Unimoni.
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FAQ
Unimoni is a trusted name in India for online money transfers to overseas countries. We have a vast network across various Indian cities. You can easily make outward remittances from Autonagar, Sircilla with Unimoni.
Yes, you can transfer international money from Autonagar, Sircilla through Unimoni at cost-efficient rates. We provide competitive foreign exchange rates for cost-effective money transfers.
You will find multiple service providers in India who can help you with outward remittance. However, if you are looking for a cost-effective, safe, and secure company for seamless and transparent transactions, Unimoni is your ideal pick.
As per the LRS set by RBI, your parents can send you up to $2,50,000 per fiscal year in the USA for your education. Your parents can transfer the funds in the least possible time via Unimoni.
You can pay a family member internationally in multiple ways, such as bank transfers, money transfer orders, digital payment methods, Unimoni’s fast and secure outward remittance, etc.
You can transfer up to $2,50,000 money abroad per year from your bank account. The Reserve Bank of India sets this limitation.
A 20% tax deduction applies to all outward remittances besides education and medical expenses. You can transfer up to Rs. 7 lakhs to a foreign country without paying any tax.
The RBI limits up to $2,50,000 in international money transfers per fiscal year.
The cheapest way to transfer money is considered to be a bank transfer. However, traditional money transfers may take 3-5 days. However, if you are looking for a faster processing time of 12 to 48 hours, look no further than Unimoni.
You need to provide your ID proof, which includes an Aadhaar card, PAN card, passport, address proof, POR, beneficiary's address, etc., for sending money abroad from Autonagar, Sircilla.
