International Money Transfer in Easier Ways with Unimoni
Facilitating efficient and safe international money transfers has become vital in the globalized era. With the advent of globalization, individuals and businesses in Vijayawada are increasingly stepping into global trade, and a huge boost in international money transfers as well.
If you are looking for the best ways to send money abroad from Vijayawada, look no further. Here is a comprehensive guide for Vijayawada residents on overseas money transfer procedures compliant with Indian Reserve Bank regulations. It stresses Unimoni as a reliable partner for such deals.
How to Do Overseas Money Transfers from Vijayawada?
- Acquaint Yourself With LRS Limits
The Reserve Bank of India (RBI) has set the maximum limit for outward remittances under the Liberalized Remittance Scheme (LRS) at 2.5 million USD per financial year. Keep your transfer amount within this range.
- Determine the Purpose of Transfer
LRS enables money transfers for travel, gifts, education, medical treatment, etc. Make sure that your reason for transfer is among the approved ones.
- Prepare Required Documentation
Before undertaking the transfer, you also need to have documents such as a PAN card and copies of proofs to support the purpose of the transfer (say, admission letters, employment contracts, etc.).
- Select a Reputable Service Provider
Select an organization with a solid standing in enforcing mandatory compliance. Unimoni is renowned for its reliability and credibility.
- Initiate the Transfer
After selecting Unimoni as your service provider, provide all required details including the recipient's information and the purpose of the transfer.
- Monitor Exchange Rates and Fees
Be updated on foreign exchange rates and any commissions charged during transfer to have clear, transparent pricing.
- Comply with KYC Procedures
Implement the KYC requirements stipulated by every service provider by providing the required identification documents for each of them.
Why is Unimoni the Best Option for Sending Money Abroad from Vijayawada?
Here is what makes Unimoni the best option for sending money abroad from Vijayawada:
- Simple and Transparent Approach
Unimoni offers a straightforward transfer of funds across international borders, which guarantees convenience to its users.
- Reliable and Swift Methods
Unimoni promises reliable and speedy transfer mechanisms that guarantee the timely delivery of funds to the recipient.
- Convenient Tracking on the Go
The Unimoni app allows customers to comfortably monitor the progress of their transfers, providing instant information on how the transaction is going.
Steps to do Outward Remittance from Vijayawada with Unimoni
With Unimoni, outward remittance is quite simple and can be done by following a few simple steps. Let’s see how:
- Go To The Nearest Branch
First, you need to visit the closest Unimoni branch. You can get help from the Unimoni branch locator to find the nearest one.
- Take The Necessary Documents
A few documents are required for you to transfer money overseas via Unimoni. These documents are:
- PAN card
- POR statement (Address proof)
- ID card (passport/driving license/Aadhar card, etc)
- Bank account details
- Step 3: Choose your desired currency and denomination
Then, you have to select the currency and the desired denomination.
- Step 4: Enter the transaction details
It is also necessary to provide the beneficiary’s details, such as POR, bank details, ID proof, etc.
- Step 5: Pay the transaction charges
Lastly, you have to pay the transaction fees. Unimoni offers several payment modes for you, such as UPI, internet banking, credit/debit cards, and more.
After this, Unimoni does a KYC verification and processes the money within two business days.
Unimoni Advantage Over Other Banks & Forex Companies
Scroll down to learn Unimoni’s advantage over other banks and forex companies:/p>
- Extensive Network
A vast network of branches backs up the Unimoni brand. As such, the organization can penetrate the market through these branches to cater to the different needs of the customers. The accessibility offered by Unimoni at various points gives it a substantial advantage over its rivals, making it a dependable and convenient option for people in Jagityal and beyond.
- Speedy and Satisfactory Services
The secret of Unimoni's success is its dedication to offering services that are not only fast but also pleasing. The Unimoni team guarantees customers hassle-free and time-saving transactions, making a lasting reputation for other financial institutions. Commitment to a superior customer experience is the main trait that differentiates Unimoni from its peers.
- Competitive Currency Exchange Rates
Unimoni gives the best prices for buying and selling foreign currencies, making the exchange simple and cheap for the customers. The company's dedication to ensuring that clients get the best rates when transacting on the foreign exchange market gives it market leadership in pricing competitiveness.
- Prepaid Multi-Currency Card
Unimoni provides more than ordinary services by introducing a chip-enabled, prepaid multi-currency card. This novel approach presents a secure way of conducting currency exchange processes with foreign countries. The prepaid multi-currency card also provides flexibility and improves safety for the international traveler, giving it a strong market position when choosing those who need convenient and reliable choices.
- Forex Travel Card
The Unimoni Forex Travel Card, also called the International Travel Card, enables users to reload single or multiple currencies onto the card. The card provides competitive exchange rates, which makes it an economical instrument for international transactions.
Conclusion
Now that you know the advantages of Unimoni and its streamlined international money transfer process, the decision becomes clear. Select Unimoni and be assured of a service that exceeds what financial service providers ordinarily expect. Our team of customer support executives is always here to help you with any questions so you can send money abroad from Vijayawada quickly and stress-free. Why wait any longer?
Branch Locator
FAQ
You can send it through your financial institution or a forex service provider like Unimoni. You'll have to get all the information needed to make an international payment.
Regulations guarantee the legal conduct of international funds transfers, preventing transactions associated with fraud, money laundering, and funding illegal activities.
No, international money transfers are cancelled in case of incorrect transfer details.
If a bank initiates a transfer, notify the bank immediately; thereby, the bank will investigate your claim. You should first contact the bank by phone and follow up in writing. If the funds were wired through a third party (e.g., Unimoni), get that party on how they go about it.
Typically, international bank transfers take a day or two, but it can be as long as five in some currencies. For instance, US dollars or euros are usually faster than weak currencies. Also, the duration may vary depending on which service you choose. For example, bank transfers typically take three to five business days, but with Unimoni, you can get the fund transferred within two business days.
There are two primary ways of making large international transfers– international bank transfers and international money transfer services via forex companies like Unimoni. Every choice has its particular timeline, conditions, and expenses which are connected with it.
Currently, TCS of 5% is applied on specific foreign outward remittances which surpass Rs 7 lakh in a year.
Unimoni Wallet is a virtual ‘pre-pay’ account where customers put money and pay for goods and services through their mobile devices. Unimoni Wallet has different payment options such as Wallet to Wallet, Direct Account Transfer, Various Bill Payments, and Top Up- Recharge services.
Yes, the card provides competitive exchange rates, ensuring cost-efficiency in International Money Transactions. It offers stress-free and easily accessible payments to make your overseas journey unforgettable.
Unimoni strives to process transactions at the fastest possible speed. The whole process lasts only 12-48 business hours.
