International Money Transfer in Easier Ways with Unimoni
International money transfers have become more common, especially online money transfers. But one must also be aware of the frauds, misleads, and benefits. For that reason, you must rely on the most trusted outward remittance. Unimoni is one such international money transfer platform that offers the best solution regarding both speed and cost and is also one of the most reliable money transfer companies.
If you reside near Balachaur and are looking for outward remittance from Balachaur, you can easily connect with Unimoni and get your work done. Unimoni follows a few simple steps before transferring money online. You can go through this section for further information on how Unimoni works.
How to Do Overseas Money Transfers from Balachaur?
Unimoni provides straightforward steps for International money transfers from Balachaur. Let us know the steps as follows.
- Step 1: Find Your Nearest Unimoni Branch
The first thing in this money transfer process includes finding your nearest Unimoni branch. There are almost 307 branches of Unimoni, and 15000 agency locations spread over India. You can see your closest Unimoni branch with the help of our branch locator.
- Step 2: Documentation
After finding your nearest Unimoni branch, you must keep all essential and valuable documents ready. These include:
- PAN card
- ID card ( Aadhaar card, passport)
- Address proof
- POR statement
- Bank account details
- Step 3: Select Your Desired Currency and Denominations
In this step, you must select your currency based on your sender's location and desired denominations.
- Step 4: Enter Your Transaction Details
At this stage, you must enter the beneficiary's transaction details, such as their name, address proof, bank account details, etc.
- Step 5: Pay the Transaction Charges
In the final step, you must pay the transaction charges required to make the transaction happen.
After the transaction payment, Unimoni will do a quick KYC verification of your details. The money transfer will occur at a blocked rate for the beneficiary within the next two business days.
Why is Unimoni the Best Option for Sending Money Abroad from Balachaur?
Unimoni is one of the safest and best options for sending money abroad from Balachaur for the following reasons:
- Simple and Easy Procedure
Unimoni offers a very simplified overseas money transfer procedure. All you need to do is select your nearest Unimoni branch location, provide the necessary documents, enter the transaction details of the beneficiary, and pay the transaction charges. At the final stage, Unimoni will do a quick KYC verification of the details and transfer money within 2 to 3 business days.
- Quick Money Transfer
With the help of Unomoni, one can make a swift money transfer from Balachaur. As soon as the KYC verification is completed from the company's side, the money is immediately transferred to the beneficiary's account at a blocked rate within 2 to 3 business days.
- Competitive Foreign Exchange Rates
Unimoni is one of the best forex exchange platforms that offers a competitive foreign exchange rate. You can send money in any currency, as Unimoni is associated with many overseas transfers. For convenience, you can visit the online currency converter and check out the currency rate of your desired currency location.
The Tax Imposed on Outward Remittance
Unimoni is responsible for swift money transfers from Balachaur, but some taxes are imposed on outward remittances. Some of them include:
- TCS: TCS stands for Tax collection at source. If there is an outward remittance over Rs. 7 lakhs in a fiscal year, then a 5% TCS will be deducted from the whole amount. But in the case of any educational bill payments or loans, 0.5% is applicable on the maximum money, i.e., Rs. 7 lakhs.
- GST: For every money transfer, 18% GST is applicable on forex margin and transaction fees.
- FATCA/CRS: All transactions on Unimoni are FATCA and CRS compliant. Thus, the applicable TDS and filed tax reports are deducted from the appropriate authorities.
The Unimoni Advantage Over Other Banks & Forex Companies
Here are some reasons why Unimoni stands out from the rest regarding sending money internationally:
- Unimoni has many branches available, which are spread across all over India.
- Unimoni charges a more competitive currency exchange rate than other banks and forex companies.
- International money transfer fees are comparatively low in comparison to other forex companies.
- Unimoni has an Authorized Dealer II license, which enables it for overseas money transfers.
Choose Unimoni
At Unimoni, the duration by which the principal amount reaches the beneficiary is very fast. After a KYC verification, the money arrives at a blocked rate within 2 to 3 working days. It also allows multi-currency transfers and multiple-mode payments, an added advantage.
Branch Locator
FAQ
Yes, you can transfer money internationally from Balachaur most conveniently via Unimoni.
The cheapest way to send money abroad from Balachaur, India, is considered as the bank transfer. Since this process takes 3-5 business days, you can consider Unimoni to get a faster service.
Unimoni, with tons of facilities, is the best company for swift money transfers from Balachaur internationally. We are authorized by the RBI and also hold an AD II Licence.
You can pay or transfer money internationally via forex companies like Unimoni, banks, and other financial institutes. Visit our nearest branch and our representative will help you through the entire process quickly.
According to RBI's (Reserve Bank of India) LRS (Liberalized Remittance Scheme), one can transfer a maximum amount of 2,50,000 USD per financial year.
The documents required for overseas money transfer from Balachaur include a PAN card, sender's ID proof, your ID proof, POR statement, bank account details, etc.
You can do a swift transfer from Balachaur to your bank account via Unimoni.
You can send a maximum amount of Rs 7 lakhs without tax per financial year via Unimoni. However, a 20% LRS tax is levied.
Your parents can send a maximum amount of 2,50,000 USD per financial year via Unimoni. However, a 20% LRS tax is levied.
Unimoni is more reliable than other banks or forex companies because it offers multi-currency transactions, multiple payment options, and a simplified money transfer process abroad. It is RBI-authorized and AD II license holder.
