International money transfer in Easier Ways with Unimoni
Today, money transfer has developed in the digital era, becoming more accessible through forex platforms and non-banking financial companies (NFBFCs). The innovation has led to higher alertness and increased security measures being implemented as the amount of overseas money transfer services has escalated.
However, Unimoni is a must-considered option for international money transfers. Unimoni offers a smooth and speedy transfer experience that removes unnecessary complications in transferring funds from anywhere in India to international destinations abroad.
For international money transfers from Dharwad, Unimoni offers a wide array of support services that match the needs of each individual. Whether stable for personal remittances or technology for business transactions, Unimoni guarantees efficiency and security, making it the first choice for money transfers. Know the exchange facilities available to gain from fast and safe outward remittance from Dharwad to your preferred destinations.
How to Do Send Money Abroad from Dharwad?
To send money abroad from Dharwad through Unimoni, follow these simple and easy steps:
- Step 1: Visit a Unimoni branch
Search for a Unimoni branch near you using the branch locator feature. You may apply in any comfortable spot for your procedure to get done.
- Step 2: Bring required documents
Upon arrival at the Unimoni branch, you must carry these documents:
- PAN Card
- ID Proof
- Proof of Residence (POR)
- Bank Details
- Step 3: Choose Currency and Denomination
Select your desired currency and denomination.
- Step 4: Provide beneficiary details
Please indicate to the Unimoni representative the beneficiary's name and address, POR, and the recipient's bank account details. It is essential for data processing because of error correction facilitated by this information.
- Step 5: Pay the Transaction Fees
Lastly, pay the transaction fees successfully. Unimoni has several payment options, such as credit/debit cards, UPI, net banking, and more. Choose your preferred option.
After completing all the steps, Unimoni runs a KYC check and transfers the funds within two business days.
Why is Unimoni the Best Option for Sending Money Abroad from Dharwad?
Unimoni India, formerly UAE Exchange, is an NBFC (Non-Banking Financial Company) licensed with an AD II category license from the RBI (Reserve Bank of India). It provides financial services such as international money transfer, foreign exchange, and pay solutions. It is an ocean-sized organization with over 300 branches and 15000 agents across the length and breadth of India, catering to Individuals and businesses. Additionally, it has global processes with more than 160 countries.
Unimoni is the preferred option to send money from Dharwad due to several factors that set it apart from other agencies and financial service providers.
- Simplified Documentation: Unimoni's workings facilitate the speedy processing of international money transfers with simple documentation requirements, making the process easy, reducing customer hassles, and accelerating the transaction process.
- Personalized Service: Unimoni considers the individual requirements of each student. Therefore, it offers customized help and support during all the money transfer procedures. Such a tailored approach expedites the process of providing students with the support and the required attention they need to achieve and implement specific financial transactions successfully.
- Swift Transfers at Competitive Rates: Unimoni focuses on swift transfer time without compromising affordability. With Unimoni's best exchange rates, you can send money abroad quickly and in the most affordable way possible, getting maximum value for your money.
- Trusted Security Measures: Unimoni, being a provider of highly reputable and trusted services, takes the safety and privacy of its clients' transactions very seriously. Carding international money overseas, Unimoni upholds sturdy security protocols and encryption systems so that people feel secure and the safety and integrity of their funds are guaranteed.
Understanding Tax Implications on Overseas Money Transfers from Dharwad
Taxes applicable on outward remittances from Dharwad include:
- GST: A Tax of 18% is charged on the foreign exchange margin and transaction fees involved in transferring the currency.
- CRS/FATCA: We verify that our customers comply with CRS (Common Reporting Standard) and FATCA (Foreign Account Tax Compliance Act) rules while conducting financial transactions. This is the process of realizing the amount of TDS applicable and submitting the tax returns to the income tax office.
- TCS: Exporting remittances worth more than seven lakhs will attract Tax Collected at Source (TCS) in a financial year. However, the remittances made with funding support from educational institutions (including education loans) are subject to a tax deduction that has a tax threshold of 0.5 percent for that financial year.
Contact Us
The process could be started quickly by evaluating the recent exchange rates for the currency you intend to target and looking for the Unimoni branch closest to you. Unimoni provides a smooth and swift money transfer from Dharwad, ensuring a fast and convenient transfer without complications.
Benefit from the comfort and confidence of an experience knowing that your financial transactions are entirely safe in the care of professionals, and your funds will get to their destination quickly and securely.
Contact us whenever you want. Our team would be delighted to help you anytime you are in need.
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FAQ
You can easily and quickly send the money out of Dharwad with Unimoni by following easy steps.
Generally, bank transfer is the most cost-effective compared to other means from Dharwad. Nonetheless, using bank transfers may take three to four business days; Unimoni makes sure international transfers are completed in twenty-four hours and at reasonable rates.
Unimoni is the best alternative, presenting competitive forex rates to the market and easing the outside remitting process.
Cross-border payments can be made from banks, post offices, money transfer organizations, and foreign exchange firms such as Unimoni.
RBI's Liberalized Remittance Scheme (LRS) allows its residents to transfer $2,50,000 (Rs 2 Crores) per financial year, where the transaction falls under eligible capital or current account transactions.
The documents required are:
PAN Card
POR Statement
Bank Details
ID Proof
You can transfer international money from your bank account via bank transfer with Unimoni. Contact unimoni for a smooth and successful money transfer.
Under the RBI's Liberalized Remittance Scheme, residents can remit up to Rs 7 lakh in a financial year without paying the Tax.
Parents can send up to $2,5,00,000 (Rs 2 Crores) or its equivalent per financial year to their children and other residents falling under the category of Liberalised Remittance Scheme, brought out by the RBI.
Unimoni is licensed to provide smooth educational money transfers across countries under the Authorized Dealer II category.
