International Money Transfer in Easier Ways with Unimoni
With so many global advances and technological developments, it is only fitting that we explore the possibilities of things that were impossible a few decades ago. One of these is an overseas money transfer. However, with fraudulent forex companies, delayed processing, and exorbitant transaction fees, it might get challenging to find a forex company that is not only rapid in transaction but also affordable.
This is where Unimoni sets its mark as one of the most trusted forex companies if you want a money transfer to your friends and family living in foreign countries.
Unimoni offers a comprehensive and reliable network through which you can send money to your beneficiary living abroad without fearing fraud. With over 23 years of industry experience, they have emerged as one of the most trusted companies for both students and businesses. Now, you can send money internationally for gifting, educational, or business purposes.
How to Make an Overseas Money Transfer from Thodupuzha?
Are you worried about your funds while making money transfer? Unimoni has your back with its simplified exchange policies and even simpler fund transfer system.
Whether you are looking for a swift money transfer from Thodupuzha or any other city in India, all you will need to do is connect with a Unimoni expert, and they will guide you. Here’s how you can send 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 from Vadakara.
- Step 3: Pay the amount and the transaction fee
Choose your preferred method to pay for the transfer amount and any associated transaction fees. Unimoni offers convenient options like debit card, credit card, or net banking for a smooth and secure payment experience.
What is the Tax Levied on Outward Remittance from Thodupuzha?
Being an authorized RBI dealer, Unimoni ensures precision and transparency in all its transactions. Whether you are a student or a business, Unimoni follows a proper step-by-step process for a legal and seamless outward remittance from Thodupuzha.
An 18% GST is levied on transactions, then transferred to the country’s finance department from Unimoni’s monetary team. Additionally, to maintain transparency, FATCA and TRS regulations are adequately followed.
The 2022-23 fiscal year saw a tax application of 5% over transactions above Rs 7 lakh. Moreover, remittances received from the banks are charged with a 0.5% tax on amounts up and above Rs 5000. With proper tax filing and reports, Unimoni offers its clients a transparent transaction outlook on their business. This has helped the company gain the population's trust, especially regarding an international money transfer.
Unimoni’s Advantage Over Other Banks and Forex Companies
Here are some of the reasons why people prefer Unimoni over other banks and forex companies for a money transfer:
- Secure Transactions: You can save much time with Unimoni if you are looking for a company that does safe and rapid transactions.
- A trusted partner with industry experience: Unimoni is an authorized RBI Dealer-II, making it a trusted company to conduct your foreign exchange deals.
- Competitive edge: Now, making an international money transfer from Thodupuzha will not burn a hole in your account with Unimoni.
- Extensive customer support: The team offers 24/7 customer support and is happy to assist you with all your queries regarding any transaction. Additionally, they have an anti-fraud team that works round the clock to ensure secure transactions.
These advantages make Unimoni a reliable money transfer service from Thodupuzha.
Contact Us
If you are still hesitant about an international money transfer or have questions about the entire process, you can contact us! You can contact us through the helpline number or go to your nearest Unimoni branch, and the team will help you with everything you need to know regarding a money transfer to foreign countries.
Branch Locator
FAQ
Absolutely! You can send money from Thodupuzha to multiple countries through Unimoni at a nominal rate. Just visit the nearest Unimoni branch, follow a few simple steps and the money will be delivered within two business days.
If you are making a money transfer above Rs 7 lakhs, you must pay 5% tax as per RBI rules. However, if the purpose of the transaction is for any educational purpose, then a 0.5% tax will be imposed.
Unimoni is authorized by the RBI and also holds an AD II Licence. We prioritize safety and ensure that all the details and transactions are kept secure to avoid any mishaps or jeopardize any information.
Unimoni takes up to two business days to deliver the funds. The transactions mainly depend on the verification process. Most transactions are done within 24 hours, and if there is any delay, the time limit usually does not exceed 48 hours.
Yes, according to the Reserve Bank of India (RBI’s) guidelines, you cannot send more than $250,000 (Rs 2 crore) to a foreign country in a fiscal year. Everybody must adhere to this limit.
Yes. An 18% GST is to be paid on the transaction amount. GST is not levied if the purpose of sending money is not for any taxable service or goods. If it is, then you must pay the GST to the government.
While banks are a little cheaper than forex companies, companies like Unimoni make a much faster transaction than banks. Unimoni transfers money within two business days, whereas banks take up to 4-5 business days.
Although banks are the cheapest option to send money abroad, they take up to 5-7 business days to transfer the funds. On the other hand, Unimoni also offers unbeatable exchange rates at nominal prices and transfers money within two business days.
For a money transfer to a beneficiary living abroad, you must submit:
PAN Card
Bank account details
POR statement
ID proof
Absolutely! You can pay by credit or debit card, UPI, and net banking while sending money through Unimoni. We offer various payment modes so that everybody can conveniently send money overseas.
