International Money Transfer in Easier Ways with Unimoni
In today's ambitious world, the porous borders of countries across the globe have opened a plethora of opportunities for students, business owners, and much more. They pursue their goals and achieve new heights with Unimoni on their side to ensure no financial constraints in their journey to achieving great endeavors.
Are you also looking forward to availing the money transfer service from Karim Nagar? Unimoni is at your service with its most competitive exchange rates for quick and reliable overseas money transfers.
How Do I Do an Overseas Money Transfer from Karim Nagar?
To process an overseas money transfer from Karim Nagar, you can trust the decades-old expertise of Unimoni, as it deals with money transfers, forex, payments, and credit solutions. Simple and transparent steps can be followed for an easy international money transfer:
- Step 1: Select the Desired Currency Amount
Along with the currency, you can select the denomination of the amount you wish to transfer as soon as possible.
- Step 2: Enter Transaction Details
You must carefully enter the remittance purpose with remitter and beneficiary details like their name, address, bank account number, etc. You can send money abroad from Karim Nagar for the following remittance purposes:
- Educational Programs
- Medical Treatment
- Travel and Emigration
- Overseas University Fees
- Family Maintenance
- Gift Purpose
- Others
- Step 3: Make Payment
- Step 4: KYC Verification
By submitting your identity and address proof documents on your first transaction, you can complete the Know-your-Customer Verification for regulatory measures.
- Step 5: Fulfillment of International Remittance
Once your payment is confirmed and KYC is cleared, Unimoni will initiate your transaction and complete it within a time frame. You will be provided with a receipt of forex order completion at the blocked rate.
Why is Unimoni the Best Option for Sending Money Abroad from Karim Nagar?
Unimoni is an NBFC and AD II category holder, licensed by RBI, that offers a wide range of services like international money transfer, foreign exchange, payment solutions, and much more. Unimoni has 23+ years of experience in the industry, as it processes an average of 70,000+ transactions per year. It is one of the most secure platforms for International money transfers from Karim Nagar.
Following are some of the reasons why you must prefer to avail of money transfer service from Karim Nagar via Unimoni:
- Swift and Transparent Money Transfer
Unimoni has over 4 million satisfied clients who prefer to send money abroad via Unimoni. Over 3.5 billion transactions have safely occurred through Unimoni, thus establishing its ability to swiftly and reliably send money abroad from Karim Nagar.
- Competitive Exchange Rates
When making an overseas money transfer, Unimoni offers highly competitive exchange rates that assure maximum value and can be viewed on our platform. It absorbs any fluctuation risks and fees associated with overseas money transfers.
Ways for Outward Remittance from Karim Nagar with Unimoni
Outward Remittance from Karim Nagar would refer to fund transfers from Karim Nagar to another country or region. Unimoni facilitates convenient and low-fee services for outward remittance facilities. Following are some of the ways through which you can send money abroad from Karim Nagar using Unimoni:
- Family Maintenance
Forex services are highly used across the globe for 'family maintenance' as one of the top uses of outward remittances. LRS or Liberalised Remittance Scheme allows the residents of India to remit up to USD 250,000 or its equivalent abroad per financial year under this category. Some essential documents required for money transfer under family maintenance remittance include:
- Form A2
- Copy of PAN card of the remitter
- Any officially valid document (OVD) with the address of the remitter
You can consider Unimoni for a speedy and safe money transfer from Karim Nagar as remittances under 'Family Maintenance' cover maintenance of households, financial support for the family, students living expenses abroad, and payment of student loans, among other things.
Unimoni ensures reliable and hassle-free emigration remittance transfers commonly required for moving from one country to another and Permanent Residency. Unimoni looks after the fees paid for migration as per the AD II license and quickly processes the remittances with minimum documentation.
You must have the following list of documents for Emigration Remittances via Unimoni:
- PAN card copy
- Emigration Visa
- Copy of Passport
- Retail Outward Remittance Application form A2 cum LRS declaration
Individuals migrating from Karim Nagar to a country abroad can withdraw foreign currency up to the amount prescribed by the emigration government, or USD 250,000. The Reserve Bank of India will permit any expenses above this limit for incidental expenses in the country of immigration.
- Overseas Education
Service providers with an AD II license can only transfer money abroad for educational purposes. The remitter's PAN card, university offer letter, and other KYC documents are checked before the International money transfer from Karim Nagar is processed.
With the specific limit of USD 250,000 per financial year for different remittances under LRS, overseas education fees are paid to the foreign university directly after getting the necessary supporting documents. Tax Collected at Source (TCS) on remittances supported by financial institutions for education abroad is taxed at a rate of 0.5% above Rs. 7 Lakhs.
- Gift Purposes
Gift remittances are personal and, thus, cannot be made to a corporation or themself. Unimoni facilitates quick and easy gift transfer by a resident person. According to the LRS, a resident individual cannot gift another resident in foreign currency for the credit to the latter's foreign currency account in a country abroad.
Documents required for money transfer for gift purposes via Unimoni include:
- Copy of PAN card
- Form A2
- KYC documents
- Any Officially Valid Document (OVD) with the address of the resident Indian
Conclusion
Unimoni is regulated by authorities worldwide and is committed to keeping your data safe. It has a dedicated anti-fraud team and two-factor authentication to protect your account and transactions. It offers multiple services under forex at the best possible rates and is thus the top forex service provider with a global financial base.
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FAQ
Yes, you can facilitate easy international money transfers from Karim Nagar with the help of Unimoni.
Bank transfers are usually considered as the cheapest way to send money abroad from India. However, forex services such as Unimoni provide faster international money transfer at the best competitive rates from Karim Nagar. Always remember to compare rates before you proceed.
Multiple forex service providers in the market offer easy money transfers. However, Unimoni is one of the top global financial service providers you must consider.
You can pay someone living abroad via bank, post office, money transfer services, digital payment platforms, and money exchanger services.
As per the Liberalised Remittance Scheme by RBI, residents can transfer a sum of USD 250,000 per financial year.
You may require documents like a passport, valid travel documents, bank statements, PAN card copy, Officially Valid Documents (OVD), and other KYC documents for availing money transfer service from Karim Nagar.
Yes, you can transfer money abroad from your bank account via a bank transfer facility.
Per the revised LRS requirements, you can transfer up to Rs. 7 Lakhs yearly without taxes.
Your parents can send up to USD 250,000 per financial year to their children living abroad under the RBI's revised Liberalised Remittances Scheme (LRS).
According to the revised LRS guidelines, resident individuals must hold a valid Permanent Account Number (PAN).
