International Money transfer in Easier Ways with Unimoni
Globalization has led to several emigrations from India to foreign countries for education or employment. In such a scenario, international money transfer has been an essential requirement. With so many digital platforms setting their feet in providing services for outward remittance, you can make seamless payments to your loved ones residing abroad.
If you want a reliable company to send money abroad from Nellore, Unimoni is here to help you. With us, you can experience a seamless money transfer abroad. Keep reading to know more about us!
How to Make Outward Remittance from Nellore with Unimoni?
International money transfer from Nellore is now as easy as online shopping. You can make outward remittances easily from the comfort of your home or by visiting the nearest Unimoni branch. So, here are the easy steps to follow for a hassle-free money transfer through Unimoni:
- Step 1: Reach the Nearest Unimoni Branch
The first step is to find the Unimoni branch close to your location. You can download our app or visit our website to find the address of your nearest branch. All you need to do is clock on the “Locate Us” option and use the branch locator tool to fetch your nearest branch's address and contact details. With over 306 branches all over India, you will find one close to your place. You can visit us or contact us for the online method.
- Step 2: Provide All the Necessary Documents
You need to submit the following documents while proceeding with outward remittance:
- Beneficiary’s bank account details
- POR Statement
- PAN Card
- Proof of Identity (driver’s license, passport, Aadhaar card, etc.)
- Step 3: Select Currency
Next, you need to choose the currency of the country where you want to transfer and select the amount. With Unimoni, you can make an outward remittance from Nellore to any country worldwide because we support multiple currencies.
- Step 4: Provide the Transfer Details
Unimoni will ask for the transfer details, including the beneficiary’s contact details, name, and bank account details.
- Step 5: Pay the Transfer Charges
Complete the payment process by paying the required money transfer fees to make outward remittances. You can choose any payment mode, such as UPI, net banking, credit/debit cards, etc., to transfer the funds.
Why is Unimoni Better than Other Forex Companies?
Unimoni initiates nearly $5 million in monthly international money transfers, providing security to several customers. We are a reliable AD II category holder licenced by RBI. Our anti-fraud team, banking partners, etc., ensure transparency and safety through regular audits.
Here are some of the reasons why you should choose Unimoni over other forex companies:
- Reasonable Exchange Rates
With access to various currency markets, Unimoni offers its clients a highly competitive exchange rate. Our fees are much more affordable than those of other forex companies and banking institutions. Besides, Unimoni absorbs the risks of international currency fluctuations. You can use our currency converter to check the foreign currency rates before transferring money.
- Seamless Transfer Process
Unimoni allows you to make a hassle-free outward remittance in a few easy steps. You can locate the nearest branch from our website, provide the necessary documentation, select the currency and denominations, and transfer funds after paying the nominal transaction fee.
- Quick Money Transfer
With a robust international network, Unimoni enables faster money transfer to any foreign country. It takes only two business days to transfer funds to your beneficiary’s account when you choose Unimoni.
- Various Funding Options
Unimoni offers various options to send money abroad from Nellore. You can choose offline and online money transfer options as per your feasibility. We accept payments through net banking, debit/credit cards, UPI, cash/cheques, etc.
What Are the Reasons to Send Money Abroad from Nellore?
Here are some of the best ways to transfer funds to a foreign country from Nellore:
- Family Maintenance
If your family resides outside India, international money transfer becomes essential to fulfill their financial necessities.
- House Maintenance
Even if you are away from home, you can ensure it is adequately maintained by sending funds.
- Student Loan
You may need to support a family member studying abroad by making timely EMI payments for their education loan.
- Living Expenses of Students
You can contribute to the living expenses of a family member studying abroad.
- Gift Purpose
Surprise your friends who live abroad by sending money gifts on their special occasions like birthdays, anniversaries, etc. With Unimoni, you can even send personalized messages and gifts to express your best wishes.
- Overseas Education
You may need to pay educational expenses, such as tuition fees, exam fees, semester fees, accommodation, etc., for a family member pursuing education in a foreign country. Unimoni will ask for documents like KYC, the university's offer letter, PAN card, etc., to initiate such transactions. So, keep these documents handy and make a seamless outward remittance from Nellore.
- Emigration
Individuals may need to transfer funds while emigrating to pay visa fees, deposits for PR visas, permanent residency fees, etc.
What are the Taxes Applicable on International Money Transfer?
Money transfer to a foreign country includes specific tax implications. Here are they:
- FATCA/CRS: When you transfer money to foreign countries with Unimoni, you can rest assured of FATCA and CRS compliances. After deducting the applicable TDS, we will file it with the IT Authority for transparent outward remittances.
- TCS: If you make an international money transfer above Rs. 7 lakhs in a given FY, you must pay a 5% TCS (Tax Collected at Source).
Reach Us
Overseas money transfer from Nellore is now easy and hassle-free with Unimoni having your back. So, why wait? Reach the nearest Unimoni branch with all the required documents and transfer your funds at affordable charges. For further information, feel free to contact us today!
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FAQ
A maximum of $250,000 (INR 2 Crores) is allowed for Indian parents to send their children abroad in a particular financial year. However, if your parents hold an NRE account, they can save money above this limit.
If you send money abroad from Nellore, India, at the most cost-efficient rates, choose Unimoni. We charge nominal transaction fees to offer you the best deals.
There are multiple ways to transfer funds internationally. You can transfer money through post offices, banks, money exchangers, digital payment platforms like Unimoni, etc. Just visit the nearest Unimoni branch with valid documents, and the representative will help you out to complete the transaction.
Known for its nominal transfer fees, competitive foreign exchange rates, and faster verification process and transfer, Unimoni is the best company in India for international money transfers.
Yes, you can transfer funds to a foreign country from your bank account, but it takes longer to reach the beneficiary’s account. However, if you make a money transfer via Unimoni, it will be transferred within two business days.
As per the Reserve Bank of India’s LRS, the upper limit for international money transfers is $250,000(INR 2 Crores) in a financial year.
Generally, most people tend to opt for bank transfers when they think about transferring money to a foreign country. However, the process can be tedious and time-consuming. This is where Unimoni comes into the picture. We offer faster transactions with swift processing times, that too at an affordable rate.
You must provide documents like identity proof, PAN card, POR statement, and beneficiary bank account details while making online transfers through Unimoni.
When Unimoni is your foreign money transfer service provider, you can make hassle-free money transfers from Nellore. We offer competitive exchange rates and faster transfers for a seamless service.
The Reserve Bank of India has set a Liberalized Remittance Scheme, which allows you to make tax-free outward remittances for up to Rs. 7 lakhs in an FY.
