International Money Transfer in Easier Ways with Unimoni
The need for reliable international money transfer services is acute in the bustling center of Kollam-Chinnakada, where commerce meets culture. As people traverse the global economy, the need for quick, secure, and convenient financial transactions becomes increasingly essential.
Unimoni stands out as a beacon of trust and efficiency in this dynamic world, providing a dependable platform for sending money abroad. Read on as we explore outward remittance options and reveal the fantastic benefits Unimoni provides to Kollam-Chinnakada locals.
How Do You Initiate an Overseas Money Transfer from Kollam-Chinnakada?
Unimoni makes international money transfers from Kollam-Chinnakada to other countries convenient. Here's a detailed guide to assist you with the process for outward remittance:
- 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 Preferred Choice to send money abroad from Kollam-Chinnakada?
There are other agencies and financial service providers accessible, so why should you use Unimoni for your international money transfer needs? Here are a few reasons:
- Streamlined Process: Unimoni prioritizes swift money transfers from Kollam-Chinnakada and has reduced the procedure to reduce stress and expedite international transactions. Locate the nearest branch, bring the necessary documents, and pay the associated fees to begin the transfer procedure.
- Competitive Forex Rates: Unimoni's transaction costs include competitive forex rates, reducing risks from currency swings. Before transferring, use our currency converter to remain updated on exchange rates.
Tax Implications on Unimoni International Money Transfer from Kollam-Chinnakada
When performing swift money transfers from Kollam-Chinnakada, it is critical to understand the taxes that apply to outward remittances. Here's an overview of the taxes:
- GST: 18% is payable on the foreign exchange margin and transaction expenses.
- TCS: Transactions over Rs 7 lakh per fiscal year are subject to Tax Collection at Source (TCS). TCS is levied on educational money transferred through an education loan at 0.5% per fiscal year.
- FATCA/CRS Compliance: Unimoni follows all FATCA and CRS laws, deducting the appropriate TDS and filing tax returns with the Income Tax authorities.
Why Choose Unimoni over Other Banks & Forex Companies?
There are compelling reasons to prefer Unimoni to other banks and forex providers. Our particular characteristics ensure that we stand out by providing unrivaled client value.
- Unimoni maintains an Authorized Dealer II license, which allows us to facilitate hassle-free international educational fund transfers. This accreditation demonstrates our dedication to supporting educational endeavors across boundaries.
- Unimoni offers seamless access to numerous currency markets, enhancing freedom and choice for money transactions. Our vast network allows clients to transact in multiple currencies easily.
- Unimoni offers competitive forex charges, giving consumers the most value for money when completing international transactions.
Contact Us
Unimoni is the epitome of dependability, efficiency, and customer-centricity regarding international money transfers from Kollam-Chinnakada. Our streamlined approach, varied payment choices, cheap exchange rates, and attention to compliance ensure that our customers have a smooth transaction every time.
Choose Unimoni today for hassle-free money transfers and start your journey to financial convenience and peace of mind. Contact us for more details or any doubts.
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FAQ
You can transfer money abroad from Kollam-Chinnakada using Unimoni's services.
Unimoni is one of the most excellent solutions for international money transfers, with reasonable FX rates and a straightforward approach.
Bank transfers are typically the cheapest way to send money internationally from Kollam-Chinnakada. However, Unimoni offers rapid transfers at competitive currency rates.
You can pay someone worldwide using a variety of channels, including bank transfers, post offices, money transfer services, and reliable forex platforms such as Unimoni.
According to the RBI's Liberalized Remittance Scheme, residents can transfer up to $250,000 (Rs 2 crore) each fiscal year for approved transactions.
You will typically require your bank account information, PAN card, POR statement, and proof of identification for KYC verification.
Residents can send up to Rs 7 lakh tax-free per fiscal year under the Liberalised Remittance Scheme.
Yes, Unimoni has an Authorized Dealer II authorization for easy international educational fund transfers.
Yes, you can do outward remittance from Kollam-Chinnakada from your bank account via bank transfers. However, FX firms such as Unimoni provide lower transaction fees.
The Liberalised Remittance Scheme (LRS) allows parents to contribute up to $250,000 (Rs 2 crore) to their children and other residents every financial year.
