International Money Transfer in Easier Ways with Unimoni
Overseas money transfers can come in handy for several reasons. You may have loved ones pursuing their higher education abroad or family trying to get permanent residency in a foreign country. Moreover, you may have a business that requires you to make international money transfers.
For all these instances, timely sending funds is crucial. However, in the most legacy systems, the entire process can get delayed for numerous reasons.
Looking to make an international money transfer from Guntur? Unimoni enables you to send funds across multiple currencies to any part of the world. Keep reading to learn how we can help make your international fund transfers simple and hassle-free.
How Unimoni Helps You Sending Money Abroad from Guntur?
Here are some of the top ways in which Unimoni helps you send money abroad:
- Pay For Overseas Education Costs
As an Authorized Dealer II license holder, our platform allows you to make overseas education remittances to all major universities worldwide. You just need to submit some basic documents like the university’s offer letter, PAN card, and KYC documents to initiate the transfer.
- Make Gift Remittances
When your foreign friends celebrate some special event or any festival, you can send monetary gifts to them as a token of your love. Unimoni allows you to initiate a money transfer to anywhere in Asia, the UK, the USA, Europe, Africa, and the GCC. However, gift remittances are only available when you send money abroad to an individual who is a resident of a foreign country.
Running a family requires catering to several types of expenses. With Unimoni, you can ensure that your family's financial needs are met promptly, no matter where they live.
Here are some expenses that come under family remittances:
- General family expenses
- Student’s living expenses when studying at a foreign university
- Student loan payments
- Home maintenance expenses when you are away
What is the Limit for International Money Transfer?
Before you transfer money from Guntur to any foreign country, knowing the limits is essential. Here they are:
- Under the Reserve Bank of India’s Liberalized Remittance Scheme (LRS), you can make a maximum overseas transfer of $250,000 (INR 2 Crores) within a financial year.
- In case of emigration remittances, the emigration government may have its own limits.
- The RBI allows you to send funds above the set emigration remittance limit only in case of incidental costs.
Steps to Send Money Abroad from Guntur
Here are the steps to make an outward remittance from Guntur via Unimoni:
- Visit an Unimoni Branch
- Carry the Required Documents
Ensure that you carry the following documents:
- PAN card
- ID proof (Aadhaar card, driver’s license, Passport, etc.)
- Address proof
- POR statement
- Bank account details
- Choose the Remittance Type and Currency
Check out the latest rates for your preferred currency by visiting our online currency converter.
- Furnish the Transfer Details
Provide all the transfer details like the receiver’s name, address, bank account number, etc. You must also choose a transfer option like telegraphic transfer, wire transfer, etc.
- Fund Your Transfer
- Complete the KYC Check
Why Choose Unimoni for Sending Money Abroad from Guntur?
Here is why you should choose Unimoni to send money abroad from Guntur:
- Reliable AD II category licence holder, authorized by RBI
- Simple offline procedure
- Minimum documentation requirements
- Funds are credited to the receiver's account within 2 business days
- Send funds across multiple currencies
- Add a personal message while making gift remittances
- Funds are safeguarded by leading banks and regularly audited by a dedicated data protection and anti-fraud team
Contact Us
So, if you are searching for a money transfer service from Guntur, look no further than Unimoni.
Contact us today and leave your international fund transfer worries to us!
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FAQ
Making an international transfer via Unimoni is the cheapest way to send money abroad from Guntur, India.
You can make an international payment by opting for an overseas fund transfer via service providers like digital payment platforms, banks, money exchangers, and post offices. For faster results, contact Unimoni for a smooth and successful money transfer.
You can send money abroad directly from your bank account through SWIFT/ Wire transfers. Through this method, funds are deposited to the recipient’s bank account within 3 to 5 business days. Unimoni provides a faster service within 2 days at an affordable rate.
Your parents can send up to $250,000 (INR 2 Crores) per financial year if they are Indian residents. However, in case they are NRE account holders, there is no maximum transfer limit.
Unimoni is the best platform for making an international money transfer. It offers better exchange rates compared to other banks and facilitates money transfers all across the world.
Under RBI’s LRS scheme, you can send up to ₹7 lakh within a financial year without paying tax.
With international fund transfer platforms like Unimoni, you can send money from Guntur to any part of the world. All you need to do is visit your nearest Unimoni branch with the necessary documents. Our representative will help you through all the steps.
Bank transfers are the cheapest method to make outward remittances. But the process usually takes around 3 to 5 business days. Unimoni’s low transfer fees and 2 business day fund credits make it the cheapest way to send money abroad.
A PAN card, ID proof, address proof, POR statement, beneficiary’s name and bank details are needed to make an international fund transfer.
As per the RBI’s LRS scheme, the maximum limit for outward remittances within a financial year is $250,000 (INR 2 Crores).
