International Money Transfer in Easier Ways with Unimoni
Traditionally, international money transfers have been really cumbersome. They involve a lot of manual paperwork and middlemen, making the entire process expensive and needlessly extended.
Unimoni aims to change the game by making outward remittances fast, easy, and cost-effective. In just a few steps, you can send money to any part of the world, and it is much faster than legacy international money transfer systems.
Need to send money abroad from Kamareddy? Keep reading to learn the steps, the best reasons to make international transfers, their limits, taxes, and more.
How to Make an International Money Transfer from Kamareddy?
Unimoni allows you to make an overseas money transfer in just 5 simple steps:
- Step 1: Visit Your Nearest Unimoni Branch
Open the Unimoni app or website, go to the branch locator, and select your state. You will get a list of branches nearest to your location along with their address and contact details.
We have 307 branches and 15,000 agency locations across India.
- Step 2: Provide the Necessary Documents
To keep things hassle-free, we have a minimum documentation requirement. It consists of the following:
- PAN card
- ID proof (Aadhaar card, Driving Licence, Passport, etc.)
- Address proof
- POR statement
- Bank account details
- Step 3: Choose the Currency
Select the currency in which you wish to make the transfer. With Unimoni, you can transfer international money across multiple foreign currencies like USD, EUR, CAD, JPY, AUD, etc.
- Step 4: Submit the Transfer Details
Provide all the transfer details like the recipient’s name, bank account number, address details, etc.
- Step 5: Fund Your Transfer
Best Reasons to Send Funds from Kamareddy
The following are the best reasons to make an outward remittance from Kamareddy:
- Overseas Education
Pursuing a degree abroad comes with its fair share of expenses. Unimoni ensures that you can cover overseas education costs for your loved one, such as accommodation costs, university fees, exam fees, etc., on time.
According to the Reserve Bank of India, only service providers with an Authorized Dealer II license can send money internationally for educational expenses. Additionally, the remitter must submit the university’s offer letter, KYC documents, and PAN card to transfer the funds.
Limit: Up to $2,50,000 within a financial year (in single or multiple transactions)
- Gift Purposes
Wish to send monetary gifts to your international friends?
Unimoni helps you send money to any part of the world in a currency of your choice. What’s more, you can also add a personal message while initiating the transfer.
However, according to the RBI, you can only make gift remittances to people living in foreign countries. This benefit is not available for depositing foreign currency in an Indian resident's foreign currency account.
Limit: Up to $250,000 within a financial year under RBI’s LRS
- Family Maintenance
Have family living abroad?
Ensure that all their financial needs are met in a timely manner with Unimoni. Expenses in this regard include:
- Home maintenance costs when you are away
- Student loan payments
- Student’s living expenses
- Financial support to family members
Limit: Maximum of $250,000 per financial year
- Emigration
People usually emigrate to other countries for jobs and a better quality of life. However, expenses can be pretty high when it comes to obtaining permanent residency. They may include permanent residency fees, visa fees for migration, and other deposits required to clear the PR Visa.
Unimoni helps you make seamless one-time and recurring emigration remittances to your family, no matter in which part of the world they reside.
Limit: Up to $250,000 within a financial year. The RBI only allows Remittances above this threshold in cases of incidental costs.
Why Choose Unimoni for Sending Money Abroad from Kamareddy?
Below are some reasons why Unimoni is all you need for conducting international money transfers from Kamareddy:
- Rapid international transfers with funds being credited to the receiver’s account within 2 business days
- Hassle-free transfer process enabling you to send funds abroad in just a few simple steps
- Competitive exchange rates that take into account overseas transfer fees and international currency rate fluctuations
- Unimoni holds an Authorized Dealer II license, thus offering overseas education remittance services
Check out the latest exchange rates for your preferred currency by visiting our online currency converter.
Contact Us
So, if you are searching for an international money transfer service from Kamareddy, look no further than Unimoni. With its rapid disbursals, competitive exchange rates, and low transfer fees, our platform facilitates cost-effective overseas fund transfers that you will not find anywhere else!
Additionally, we provide multi-currency forex cards, options to buy and sell foreign currency, and more.
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FAQ
As per the RBI’s LRS scheme, you can make a maximum outward remittance of $250,000 (INR 2 Crores) within a financial year.
The cheapest way to send money abroad is via bank transfer. However, it takes around 3 to 5 business days. Thus, choosing Unimoni for overseas fund transfers makes sense, as the process takes only 2-4 business days at an affordable rate.
Yes, you can make a SWIFT/ Wire transfer from your bank account to make an outward remittance. The process usually takes around 3 to 5 business days.
You can make an international fund transfer from Kamareddy via platforms like Unimoni, which allows you to send money to any part of the world in multiple currencies.
In case your parents are Indian residents, they can send a maximum of $250,000 (INR 2 Crores) per financial year. However, there is no upper limit if they are NRE account holders.
To make an international fund transfer via Unimoni, you need to submit the recipient’s bank account details, POR statement, your ID proof, address proof, and PAN card.
Under RBI’s Liberalized Remittance Scheme (LRS), you can transfer a maximum of ₹7 lakh per financial year without paying tax.
You can initiate international payments via service providers like post offices, banks, money exchangers, money transfer services such as Unimoni, and digital payment platforms.
Unimoni, with its competitive foreign exchange rates, low transfer fees, and support for multiple currencies, is the best platform to make overseas fund transfers. It is a AD II category holder licenced by RBI.
The most cost-effective way to send funds abroad from Kamareddy is through Unimoni. Its competitive exchange rates consider international currency fluctuations and overseas transfer fees. Additionally, it credits funds to the recipient’s account within 2 business days.
