International Money Transfer in Easier Ways with Unimoni
Overseas money transfer has become a lot easier and hassle-free nowadays. Be it educational fees, buying overseas properties, sending money to family or friends, or making overseas payments or mortgage payments, there can be numerous reasons why you need to send money abroad.
Many services are available for outward remittance, but Unimoni is the best among them. Regarding speed and cost, Unimoni is one of the most secure and reliable international money transfers. If you reside in Ludhiana, India, you can look for Unimoni for a risk-free and swift money transfer from Ludhiana.
Let us dig deeper into how Unimoni helps us to send money abroad from Ludhiana without any trouble.
How to Do an Overseas Money Transfer from Ludhiana?
There are many ways by which you can do overseas money transfers; among them, Unimoni is the best. Here are five simple steps by which you can seamlessly transfer money through Unimoni.
- Step 1: Go to the Nearest Unimoni Branch
Unimoni has an extensive network all over India. We extend service across 300+ branches and 15000+ agent locations. To find the nearest Unimoni branch, use the branch locator. You just have to enter the state name, and you will get the nearest branch.
- Step 2: Submit the Necessary Documents
You must keep all the relevant documents to initiate a seamless international money transfer.
- PAN Card
- ID Proof (Aadhaar Card/Passport/Driver's license)
- Bank details of the beneficiary
- Step 3: Pay the amount and the transaction fee During your first international money transfer, Unimoni need to verify your KYC details. KYC is a mandatory regulation that helps prevent fraud and money laundering. Unimoni makes the KYC process straightforward. After the transaction fees are received, the recipient will get the amount within 2 working days.
Why is Unimoni the Best Option for Sending Money Abroad from Ludhiana?
Unimoni stands out from the rest for the following reasons:
- Competitive Forex Exchange Rates
You will get high forex exchange rates in Unimoni. Certain factors are responsible for forex exchange rates like destination country, amount to transfer transaction methods, etc. You can preview the rates of your preferred foreign currency before any transaction via Unimoni in currency converter.
- Security
Payment security is one of the major factors that customers look for while making international money transfers. Unimoni ensures the safety of your money and the 100% security of your sensitive financial information. We are Authorized Dealer Level II registered with the RBI and ensure all compliance.
What Are the Taxes Applicable on International Money Transfers from Ludhiana?
You must be aware of some taxes applicable on International money transfers from Ludhiana. Some of these are given below.
- GST: An 18% GST is implied on the transaction fees and forex margin.
- CRS/FATCA: Every transaction done via Unimoni adheres to CRS and FATCA compliances, meaning the applicable taxes will be deducted from the transaction sum.
- TCS: Under the Liberalised Remittance Scheme (LRS) produced by the Reserve Bank of India on any overseas money transfer above 7 lakh within a fiscal year, the implied TCS is 5%. There is an exception on education loans; the TCS implied will only be 0.5% every financial year.
Why is Unimoni Beneficial Over Other Banks and Forex Companies?
Unimoni is beneficial over other banks and forex companies for the following reasons.
- Unimoni is easily accessible as it is sUnimoni has a very simplified process for International money transfers from Ludhiana. After a quick verification, Unimoni delivers money to the receiver within two business days.pread all over India. Unimoni has 307 branches and 15000 agency locations.
- Unimoni has access to many currency markets, making multi-currency transfers easier.
- Unimoni is an RBI regular safety mode of money transfer service from Ludhiana.
- Unimoni also provides a currency converter that makes the transaction method more convenient.
Get in Touch with Us
Unimoni is one of the safest options to send money abroad from Ludhiana. All you need to do is select your nearest branch, provide the necessary documents, enter transaction details, and finally give the transaction fees. Unimoni has indeed simplified and made the outward remittance from the Ludhiana process reliable.
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FAQ
Yes, you can easily transfer money internationally from Ludhiana via Unimoni, a leading RBI-authorized forex company in India.
Bank transfer is considered the cheapest way to send money abroad from Ludhiana, India. But if you want the best way to send money abroad from Ludhiana, look no further than Unimoni. With our affordable rates and fast processing times, you can send money abroad instantly.
Unimoni is the best company to transfer money internationally using a quick and simplified method.
Unimoni allows SWIFT and other methods of money transfers from Ludhiana. Unimoni is a reliable company in terms of speed and cost when looking for international money transfers.
The RBI's limit for sending money abroad is 2,50,000 USD annually. The Reserve Bank of India imposes this under the Liberalised Remittance Scheme (LRS).
The cheapest international transfer can be done through direct bank account transfer. However, this process might take 3-5 business days, whereas Unimoni forex service can do it within 2 days.
The documents required for sending money abroad from Ludhiana include a PAN card, ID proof, address proof, POR statement, bank account details, etc.
Yes, anybody can quickly transfer money internationally from their bank account via Unimoni. It is one of the trustworthy options for International money transfers from Ludhiana.
Under RBI's LRS scheme, one can send seven lakhs per financial year without tax through any money transfer service provider. Opt for Unimoni for the safest money transfer service from Ludhiana.
Your parents can send a maximum of $2,50,000 (approx. INR 2 crore) per financial year as per RBI’s Liberalized Remittance Scheme. However, 20% of LRS tax would be applicable if remittances go above INR 7 lakhs.
