International Money Transfer in Easier Ways with Unimoni
International money transfers can be of many types, be it education, medical treatment, emigration, employment, film shooting, visa fees, etc. Unimoni is an overseas money transfer platform that transcends boundaries and encourages next-generation remittance.
If you reside in Garhshankar and are looking for an outward remittance from Garhshankar, you can quickly locate their nearest branch location in the city and get your work done.
More importantly, let us know how Unimoni works and its benefits.
How Do I Do an Overseas Money Transfer from Garhshankar?
With modern technology, Unimoni has made the money transfer service from Garhshankar easier and hassle-free. Here are a few steps you must follow while transferring money internationally.
- 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 Best Option for Sending Money Abroad to Garhshankar?
Unimoni provides many benefits compared to other forex companies and banks, as our experts offer speedy and satisfactory services. Let us dig deeper in this section to see how Unimoni stands out for sending money abroad to Garhshankar.
- Simplified Procedure
Unimoni follows a straightforward procedure of International money transfer from Garhshankar.
- Competitive Forex rates
Unimoni offers competitive forex rates, making it superior to banks and other forex exchange companies. You can also avail of their currency converter to check the rates of preferred foreign currency for bank transfers.
- Speedy services
Unimoni offers speedy and satisfactory services. As soon as the KYC verification is done, the money reaches the beneficiary's account at a blocked rate within two business days.
What is the Tax Imposed on Outward Remittance?
You must know the tax applicable on outward remittances from Garhshankar if you want a swift money transfer from Garhshankar. Some of these taxes include
- GST: On any international money transfer, one must pay an 18% tax on foreign exchange margin and transaction charges.
- TCS: TCS stands for Tax Collected at Source. A TCS is applicable if the remittance amount exceeds Rs. 7 lakh per financial year. If a similar fund is transferred by an educational institution or paid through an education loan, then a 0.5% tax is applicable.
- CRS/FATCA: Unimoni adheres to all CRA and FATCA compliances for all transactions. Thus, the applicable TDS and file tax are deducted from the income tax authorities.
The Unimoni Advantage Over Other Banks & Forex Companies
Unimoni offers a lot of benefits over other banks & forex companies. Here are some reasons why Unimoni can be your best option to send money internationally.
- Unimoni offers a very simplified money transfer option from Garhshankar.
- Unimoni offers multiple modes of payment, e.g., cash, credit card, debit card, UPI, net banking options, cheque payments, RTGS, NEFT, and many more. You can choose whichever is convenient for you.
- Unimoni forex charges are more competitive when compared to other banks and forex exchange companies.
- Unimoni offers a significantly simplified process of money transfer, which is also satisfactory and fast.
- Unimoni offers multi-currency transfers because it has seamless access to multi-currency markets.
- Unimoni holds an Authorized Dealer II license for overseas educational fund transfers.
- Unimoni offers multiple modes of money transfers, including telephone transfers, wire transfers, online transfers, cash and cheque deposits, etc.
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As we can all learn in this section, the union is one of the fastest and most seamless ways of transferring money from Garhshankar. Unimoni offers multi-currency outward remittances from Garhshankar. It is also a good money transfer service from Garhshankar in terms of speed and cost. The simplified procedure of money transfer makes it stand out from the rest.
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FAQ
Yes, you can quickly transfer money internationally from Garhshankar using Unimoni.
The cheapest way to send money abroad from Garhshankar, India, is considered as through bank transfer. However, for a much faster transfer at competitive rates, consider Unimoni.
The best company to transfer money internationally from Garhshankar is Unimoni. Unimoni offers a seamless money transfer service from Garhshankar. We are also authorized by the RBI and hold an AD II Licence.
International money transfer has become much more convenient and hassle-free these days. One can quickly transfer money via bank or other RBI-authorized forex platforms. Unimoni is one of the best forex companies for swift money transfers from Garhshankar.
Under RBI's (Reserve Bank of India) LRS (Liberalized Remittance Scheme), one can transfer a maximum of Rs. 7 Lakh per fiscal year.
Yes, your money is safe with us. We are a RBI-authorized financial institution and our anti-fraud teams work efficiently to avoid any mishaps.
The documents required to send money from Garhshankar include ID proof, bank account details, PAN card, POR statement, etc.
You can quickly transfer money internationally from your bank account via Unimoni.
You can send a maximum amount of Rs 7 lakh in a financial year abroad, abiding by RBI's law without tax.
Your parents can send a maximum amount of 250000 (Rs 2 crore) abroad in a financial year, abiding by RBI's law.
