International Money Transfer in Easier Ways with Unimoni
Deoria, Uttar Pradesh (India), is a vibrant city with a populace involved in the different occupations and trades. Many individuals in Deoria need outward remittance for various purposes, including educating family members abroad, investing in foreign assets, and conducting cross-border trade.
At Unimoni, we ensure fast and secure international money transfer services from Deoria to destinations abroad. So, let’s overview the existing approaches and emerging directions for informed decision-making.
How to Do an Overseas Money Transfer from Deoria?
There are very few steps that can be followed during money transfer from Deoria:
- Locate a Unimoni Branch: First, locate the nearest Unimoni branch to through the branch locator.
- Gather Required Documents: Before you go to the branch, remember to have original identification documents (passport, ID card) and proof of your current address.
- Submit Documentation: Once at the Unimoni branch, provide the required documents, such as your valid ID (passport, driver's license, and UID card), PAN card, address proof, and statement of POR for sending money abroad.
- Provide Beneficiary Information: You will be asked to give the information about the beneficiary, that is, the name, address, Purpose Code for Remittance (POR), and bank account details where the funds will be received.
- Make Payment: Pay the amount you want remitted and any transaction fees at the counter.
- Verification and Processing: Issued by Unimoni staff, the data provided will be cross-checked to ensure conformity with regulatory requirements and security standards.
- Initiate Transfer: Unimoni will transfer funds to the beneficiary's bank account after the verification process.
Why is Unimoni the Best Option for Sending Money Abroad from Deoria?
People in Deoria prefer Unimoni for overseas money transfers due to several compelling reasons:
- Easy Processing and Simple Documentation: Unimoni has a straightforward process for online money transfer overseas with the most minor documentation possible. It simplifies the entire process of transactions for customers.
- Personalized Service to Each Student: Unimoni is conscious of the distinctive needs of students to send money abroad from Deoria. We offer individual help, addressing particular issues and catering an individualized experience to each student.
- Quick Transfer at Unbeatable Rates: Unimoni provides timely money transfers at pocket-friendly prices. This makes it possible for the clients to speed up the outward remittance process without affecting the quality of services they receive.
- Most Trusted and Secured Service Provider: Unimoni is known for being one of the most trusted and secure providers of international money transfers. Customers in Deora trust Unimoni's reputation for reliability and security and hence have peace of mind when sending money internationally.
Taxation on International Money Transfers Originating from Deoria
When initiating an outward remittance from Deoria, it's crucial to understand the associated tax implications. Here's what you need to know:
- GST (Goods and Services Tax): The GST rate of 18% is put on the margin, and transaction charges are incurred during the transfer.
- FATCA/CRS (Foreign Account Tax Compliance Act/Common Reporting Standard): Unimoni performs all the FATCA and CRS rules. Further, we make a TDS deduction and send reports to the Income Tax Authority, ensuring complete transparency.
- TCS (Tax Collected at Source): In case the outward remittance from Deoria pushes through and reaches more than Rs. For 7 lakh within one financial year, a 5% TCS is applicable. Notwithstanding, in the case of transfers originating from education-based entities like educational loans, the TCS rate is 0.5%.
Contact Us
Unimoni, with its 300+ branches and 15K+ agents across India, offers access to payment solutions without any hassle, from international remittance to domestic money transfer. Our work is across 160+ countries for one-touch transactions, so we become your count-on partner. So, why wait? Experience the convenience and reliability of Unimoni India for all your financial needs today!
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FAQ
Yes, Unimoni aids in making international money transfers from Deoria through its network of local branches and online channels.
Unimoni is one of the cheapest ways to send money abroad from Deoria, providing competitive exchange rates and low fees.
Unimoni is renowned as the preferred option for international money transfers and is trusted for its reliability, efficiency, and vast network. We are an AD II category licence holder, authorized by RBI.
With Unimoni, you can initiate payments to individuals abroad through various channels, including online platforms and mobile apps, and at any of our branches in Deoria.
The maximum amount of money one can remit abroad in a financial year per RBI's Liberalized Remittance Scheme is USD 25,00,000 (INR 2 crores) Unimoni compliance guarantees transactions flow across prescribed limits fluently.
Unimoni is one of the best options for international money transfers, providing you with competitive exchange rates and faster service delivery.
For Money transfer service from Deoria through Unimoni, the necessary documentation typically includes:
-Valid Identification Proof: The government-issued ID proof such as a Passport, Aadhaar Card, Voter ID, or Driver's License.
-Proof of Address: A proof of address, for instance, an Aadhaar Card, utility bill, or rental agreement showing the residential address of an applicant.
-Purpose of Remittance (POR) Statement: The purpose of the remittance may be stated as educational expenses, medical expenses, family maintenance, etc.
-Bank Account Details: Bank information of the recipient, i.e., bank name, branch address, account number, and SWIFT/BIC code (if it is for international transfer).
-Any Additional Documentation: Further documentation may be necessary according to the sum and reason for conversion. -For instance, the money transfer could require proof of acceptance or fee structure documents from the educational institution for education-based purposes.
Yes, Unimoni allows you to transfer money internationally directly from your bank account, giving you a hassle-free way of sending money across borders.
The maximum amount or limit of international money transfers depends on different parameters. These include the purpose of the remittance, such as gifts or personal expenses, followed by relationship between sender and receiver, type of remittance, and individual circumstances. At Unimoni, our representative will help you through all the steps.
As per the Liberalised Remittance Scheme, a parent can remit funds of a maximum of USD 250,000 (INR 2 crores) per fiscal year to their children.
