International Money Transfer in Easier Ways with Unimoni
Nowadays, when the world has grown and merged more intricately and inexpressibly than ever, the demand for efficient and reliable international money transfer services has become indispensable. Kumbakonam, situated amid Tamil Nadu Temples in India, is a living example of the interconnection of this global process.
Unimoni has emerged as a leading financial institution trusted by many people in India to send money abroad.
How to Do Overseas Money Transfer from Kumbakonam?
Here's a simplified guide on how to send money abroad through Unimoni:
- Locate a Unimoni branch: Use our branch locator to locate a nearby branch quickly.
- Provide KYC Details: The following documents and information are required for sending money abroad:
- PAN Card
- ID Proof (Aadhaar Card, passport, driver's license)
- Bank details of the beneficiary
- Complete the transaction: Make that payment and any additional transaction fees for the overseas money transfer.
Processing Time:
The waiting time may fluctuate depending on the type of currency and whether or not there are branches of the service provider at the financial institution. Usually, the duration is 15 to 30 minutes. By that time, you can have a swift money transfer from Kumbakonam.
Why is Unimoni the Best Option for Sending Money Abroad from Kumbakonam?
Are you searching for a reliable and cost-effective money transfer service from Kumbakonam? Unimoni sets out to be an excellent option for various reasons:
- Competitive Exchange Rates: Unimoni strives to maintain a steady exchange rate even when foreign currency prices experience significant fluctuations, laying the ground for iron-clad trustworthiness compared with other forex companies. Check out our currency converter tool to verify the rate instantly at home or abroad.
- Swift Transactions: Time capacity is critical to any international money transfer. Instantaneous money transfers are a crucial task that Unimoni meticulously achieved by verifying the accounts within approximately 30 minutes to 24 hours and confirming ID authentication to ensure timely overseas money transfer worldwide.
- Diverse Payment Methods: To start the money transfer, transaction charges can be paid in cash or via various online methods such as credit/debit cards, UPI, or net banking, which enables the process and provides flexibility options.
- Reliable Support System: International money transfer from Kumbakonam may be demanding. However, one can always contact distinctive live operators of Unimoni round-the-clock and get the answers to the questions and the transactions facilitated. Also, a competent fraud prevention team shall perform periodic audits on each payment, ensuring their securities and realities are safeguarded.
The Unimoni Advantage Over Other Banks & Forex Companies
Unimoni stands advantageous over other banks and forex companies while we want to send money internationally from Kumbakonam as:
- Global Presence: Unimoni is a whole world network, which includes many countries that play a role that makes it possible for customers to do swift money transfer from Kumbakonam at any time.
- Secure Platform: Following stringent data protection ethos, the Unimoni system is based on robust encryption and authentication, hence, highly secure for sensitive financial information.
- Comprehensive Services: Unimoni's non-forex services are advanced. We include mobile transfers, money transfers, and Outward Remittance. The range of solutions extends to loan insurance and caters to customers with different needs.
- Transparent Practices: Unimoni upholds this stance of transparency by ensuring its patrons have all the details they need about exchange rates, fees, and transaction processes when sending money abroad.
- Personalized Support: Unimoni comes on board to make customized solutions available to clients, enabling them to connect with professionals whenever they require assistance with international money transfer from Kumbakonam .
- Customer Satisfaction: With customer satisfaction in mind, Unimoni integrates the provision of excellent products and services to unceasing customers. This is achieved by ensuring high performance and adherence to highly desired customer expectations and, in the process, gaining customer confidence and loyalty.
Tax Implications of Outward Remittances from Kumbakonam
These are the tax implications when we want to send money abroad from Kumbakonam :
- GST on International Transfers: The Tanjore government levies an 18% General Sales Tax (GST) when you send money internationally from Kumbakonam.
- Transaction Tax: A 5% tax is arranged for any transaction over Rs 7 lakh that is done yearly.
- Educational Loan Transfers: Money transfer of educational loans does not involve any tax provided it is done 0.5% under the liberalized remittance scheme (LRS).
- Compliance with CRS and FATCA: Complying with the CRS and the FATCA regulations is part of Unimoni's adherence to supplements. It implies that once money is taken out, you must account for it by deducting Tax Deducted at Source (TDS) from your funds before having overseas money transfer.
Contact Us
With several money transfer options available abroad, customers can be limited or spoilt for choice depending on each option's affordability and convenience.
Unimoni, a licensed and trustworthy institution, is the place you need if you're searching for a reliable international money transfer agency.
Contact us for any queries or to know more information!
Branch Locator
FAQ
From Kumbakonam, you can transfer funds to overseas countries through Unimoni. Just visit the nearest Unimoni branch, submit the necessary documents, and pay the transaction fees. After Unimoni is done with the KYC check, the money is transferred within two working days.
As per the Reserve Bank of India (RBI’s) guidelines, you can send up to $250,000 (Rs 2 crore). One must adhere to these guidelines when sending money abroad.
The tax is implied if the amount surpasses Rs 7 lakh. A 5% tax is levied if it goes over the set amount, and a 0.5% tax is levied for educational purposes.
Yes, the GST will be levied on the transaction amount at 18%. However, if the purpose of the transfer is not regarding any taxable service or goods then GST is not imposed. Otherwise, you must pay the GST.
Usually, the amount of funds to be transferred among currencies must be kept the same, being wholly or partly lost. On the contrary, by trying to contact Unimoni support, one may face the problem in a few circumstances.
In contrast with banks and forex companies' processing times of four days, Unimoni fully attends to its users in 24 to 48 hours, assuring reliability and speed.
Before beginning, you must provide your PAN (Permanent Account Number) card details, valid identification proof, Proof of Residence proof, and bank account details for the Know Your Customer (KYC) verification.
Most students use Unimoni for their educational fund purposes as we are quick and hold an AD II Licence. It makes it easy to connect with financial institutions around the globe and transfer the funds swiftly.
You can do this either through the usual route by demand draft or wire transfer, which is speedier if this is for sending money to relatives or friends who are abroad.
Yes, it is entirely safe to transfer money abroad via Unimoni. We are authorized by the RBI and trusted by thousands of individuals nationwide. At Unimoni, we prioritize safety of your personal information and transactions.
