International Money Transfer in Easier Ways with Unimoni
When it comes to International Money Transfer Services from Mapusa (MSA), Unimoni is the first choice. Unimoni has become the preferred partner for individuals seeking cross-border transactions because of the reputation built on reliability, security, and customer satisfaction.
Unimoni offers a network of branches, including one in Mapusa (MSA), and the convenience of online platforms. Unimoni ensures that the customer experience is the best when it comes to the transfer of money. With facilities like low fees, competitive exchange rates, or a commitment to swift and secure transactions, Unimoni develops a user-friendly and easy experience for customers.
Step-by-Step Guide to International Wire Transfers with 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.
Importance of International Money Transfer
Sending money across borders has become more important as more people have moved to different countries in the last few decades. When someone decides to move to another country, it involves a lot of time and various payments. That's why the need to send money internationally, especially for moving out of India, is increasing.
If someone plans to move abroad, they can now take out foreign money, following the limits said by the government, or up to USD 250,000 (approx. INR 2 crore). If they need to send more money, the Reserve Bank of India might allow it, but only to cover additional expenses in the new country.
Why Do People Choose Unimoni for International Money remittance from Mapusa?
People choose Unimoni for international money remittance from Mapusa due to its ease of processing with simple documentation, providing personalized services to each student. Unimoni ensures quick money transfers at unbeatable rates, positioning itself as the most trusted and secured service provider for international money transfers.
- Emigration - Residents of Mapusa prefer Unimoni for emigration due to its seamless payment of migration fees, quick and unbeatable money transfers, and the trusted and secure handling of transactions. Unimoni's direct credit to overseas accounts simplifies the process, along with documentation and minimal charges, making it the preferred and cost-effective choice for those in Mapusa planning to migrate.
- Gift Remittance - The Liberalized Remittance Scheme allows residence individuals to remit a maximum of USD 250,000 abroad within a financial year, categorized especially as gift remittance.
However, as of October 2020, a new taxation provision comes into play. Any amount or the cumulative total amounts remitted outside India by a person residing in India under the gift remittance category exceeding 7 lakhs in a financial year will not attract tax collected at source or TDS at a rate of 5%. This introduces tax implications on gift remittances beyond the specified threshold aligned with regulatory changes implemented from the specified day.
Choose Unimoni
Experience the convenience and safety of sending money abroad with Unimoni, where competitive exchange rates await you. Unimoni stands out for providing the best service with low fees making it a preferred option for outward remittances. Join the community of over 14 million individuals who trust Unimoni for their international money transfers. With 310 branches and 15 agency locations across India, we offer a fast, secure, and cost-effective alternative compared to most banks and online service providers.
Unimoni is your reliable partner in efficient and affordable global transactions! Contact us
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FAQ
Under the LRS you can send money abroad as many times as needed. However, it's important to know that the total foreign currency you purchase or send through all sources in India within a financial year should not exceed the cumulative limit of USD 250,000 or approximately 2 crores.
Opting for Unimoni from Mapusa shows cost effectiveness, as we do not impose high-interest rates or hidden fees, providing a transparent and economical alternative to traditional banks or Forex companies.
Unimoni's online service guarantees safety and reliability for international money transfers from Mapusa, accommodating various purposes like tuition fees and supplier/client payments; it allows Mapusa residents to conveniently and securely transfer funds for various needs.
Unimoni's competitive rates in Mapusa are the results of our extensive global network and the use of an AI-driven currency converter ensuring that customers can access and book the best Forex rates available.
Unimoni provides dedicated customer support for Mapusa residents, guiding them through the money transfer process and promptly addressing any issues to ensure a streamlined and trouble-free experience.
To check the status of your transfer, log in to your Unimoni account on the website. Look for the link that allows you to track the progress of your remittance. Alternatively, you can use our mobile app for the same purpose.
To send money abroad from Mapusa, you typically need an Officially Valid Document (OVD), a copy of your PAN card, and Form A2.
Unimoni provides solutions for freelancers in Mapusa, offering efficient currency conversion and secure international money transfers to optimize the process of receiving payments in foreign currency.
Under current RBI rules, you get tax relief on international transfers up to ₹7 lakh. Beyond that, applicable taxes are charged.
As per existing RBI guidelines, parents can send up to $2,50,000 (approx. INR 2 crore) yearly from India to the USA without any tax. Beyond that, taxes apply as per regulations.
