International Money Transfer in Easier Ways with Unimoni
Discovering the ideal partner for trouble-free money transfers is of the utmost importance in the dynamic city of Chandigarh, where international contacts are constantly growing. Fortunately for people in Chandigarh seeking an easy way to send money abroad, Unimoni is there for you.
Unimoni provides safe, dependable, and effective services at reasonable exchange rates. Let's take a look at the ease with which you may send money abroad from Chandigarh.
How to Initiate an Overseas Money Transfer from Chandigarh?
With Unimoni, international money transfer from Chandigarh is as simple as five steps. They are listed below:
- Step 1: Find Your Nearest Unimoni Branch
You may easily locate a Unimoni branch in Chandigarh thanks to the company's extensive network that includes 307 branches and 15,000 agency locations throughout India. If you are looking for the location and contact information of the closest branch, you may use our branch locator, which is available on both our website and our mobile app.
- Step 2: Documentation
The following documents are required to initiate an international money transfer from Chandigarh using Unimoni:
- A Photo ID issued by your residing government (passport, driver's license, Aadhaar card, etc.)
- Document to Verify Residency (POR) Statement
- Bank details for payments
- Step 3: Amount and Currency
To suit your needs, pick the currency and amount you want to use for the transaction.
- Step 4: Providing Details About the Transaction
Make sure to provide all the necessary information on the transaction, such as the bank account details, name, address, and proof of residency of the beneficiary.
- Step 5: Transaction Cost
Use a variety of easy methods, like net banking, debit card, or credit card, to pay the transaction costs.
After completing these procedures, Unimoni will verify your identity and complete the transaction within two business days at the locked exchange rate.
Why Is Unimoni the Best Option for Sending Money Abroad from Chandigarh?
Unimoni is clearly the best option for transferring money abroad from Chandigarh for a number of reasons. Here are some of them:
- Affordable Currency Rates
Unimoni, a frontrunner among India's forex platforms, provides extremely inexpensive exchange rates after accounting for transfer costs and hedging against currency swings. Take a look at the current rates with our handy online currency converter.
- Better Processing
International money transfers are made easy with Unimoni. It is easy to complete the procedure by going to the closest branch, choosing the desired currency and denominations, entering the transaction details, and paying the costs.
- Quick Transfer of Funds
As soon as the Know Your Customer procedure is finished, Unimoni starts transferring funds. Within a few business days, the beneficiary's account will receive the cash, thanks to a strong worldwide banking network.
Reasons to Send Funds from Chandigarh
- Transferring Overseas Education Funds
Unimoni makes it easy to pay for international schooling, including tuition, fees, and housing, so family members can continue their education without interruption. The Liberalized Remittance Scheme (LRS) is how the RBI handles transactions. Under LRS, Indian residents can remit up to $250,000 each fiscal year.
- Supporting Immigration
Unimoni makes it easy for anyone to send and receive money across several currencies, whether they're just passing through or planning a longer-term move.
Visa costs, permanent residence fees, and any other deposits related to the process might be partially covered by this. Withdrawals up to $250,000 (or the emigration government's designated threshold) are allowed; transfers beyond this amount require RBI permission.
- Protected Remittances of Gifts
Thanks to Unimoni, sending money to loved ones living abroad is easy and safe. Make your transfer more special by adding a personalized note while still meeting RBI standards through the LRS program. Under the RBI's LRS program, the maximum amount for gift remittances is $250,000 each fiscal year.
- Supporting the Maintenance of Families
Unimoni provides a dependable way for those living in Chandigarh to satisfy their financial obligations in many currencies, even if some of their family members live overseas. Under RBI's LRS, Indian nationals can transfer a maximum of $250,000 each fiscal year for household maintenance costs.
The Advantages of Unimoni Over Other Banks & Forex Companies
Unimoni has several benefits over other banks and forex providers when it comes to transferring money abroad from Chandigarh:
- Access to several currency markets assures competitive exchange rates
- Take advantage of different methods of payment, making purchases more convenient
- Enjoy lower transfer costs, enhancing the value of your money
- Unimoni has granted dealer status to facilitate student financial assistance transfers, assuring smooth transactions
- Explore various options for sending money worldwide, each suited to your unique requirements and interests
Get in Touch With Us
Unimoni is clearly the way to go if you need to send money abroad from Chandigarh without any problems. Discover the most up-to-date currency rates on our app or website. Stop by your local branch for hassle-free, fast, and safe transactions. Unimoni is a reliable company that can help you send money abroad.
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FAQ
Unimoni offers better conversion rates than conventional banks and other foreign exchange providers, so it's a great choice for sending money abroad. If you want your money to travel farther with low transfer costs, Unimoni is the way to go.
Unimoni makes it easy to start sending money abroad. You may simply begin the process by supplying the required data and documentation using our online platform or smartphone app or by visiting one of our conveniently placed locations.
Direct international money transfers are now possible using Unimoni's SWIFT money transfer from Chandigarh/Wire transfer service. This technique provides a safe and dependable way to send money internationally, although processing could take a little longer.
You must present the necessary papers, including your valid ID, PAN card, the recipient's bank account information, and a Proof of Residence (POR) statement to begin an international cash transfer from Chandigarh using Unimoni. You can speed up the process and make sure the transaction goes well if you have this paperwork prepared.
According to the most recent announcement, any individual making payments with their foreign debit or credit cards up to INR 700,000 per fiscal year would be free from the Liberalized Remittance Scheme (LRS) limits. As a result, these transactions will not be taxed at the source (TCS).
Yes, Unimoni offers a simplified and hassle-free platform for sending money abroad, allowing users to send money from Chandigarh with ease. You may confidently send money abroad using our vast network and effective services.
Even though bank transfers are generally thought of as the most cost-effective alternative for sending money abroad, Unimoni provides affordable rates and lower costs than conventional banking channels. Get the most out of your money with our flexible payment plans and upfront pricing.
With their low costs, reasonable exchange rates, and extensive payment alternatives, Unimoni quickly becomes the go-to service for sending money abroad. If you require an international money transfer partner, Unimoni is the best option because of our dedication to our customers and our dependability.
Under the Liberalized Remittance Scheme (LRS) run by the Reserve Bank of India (RBI), Indian nationals can transfer up to $250,000 every fiscal year. On the other hand, your parents have a lot of leeway and convenience if they have NRE accounts since they can transfer you an unlimited amount in the US.
Individuals can transmit up to $250,000 every fiscal year under the Liberalized Remittance Scheme (LRS) run by the Reserve Bank of India. This rule ensures that people can transmit money abroad within appropriate limits while still following RBI rules.
