International Money Transfer in Easier Ways with Unimoni
International money transfers might be helpful for several reasons. You could have family members attempting to get permanent residence in a foreign nation or loved ones seeking further education overseas. Additionally, you could be required to send money internationally for your firm. Money transfers must be made on time for each of these situations. The entire process, however, may be delayed in most legacy systems for various reasons.
Are you looking to send money abroad from Mannargudi? With Unimoni, you may send money in various currencies to any global location. Learn how we can make your overseas money transfers easy and hassle-free.
How Can Unimoni Assist With Money Transfers From Mannargudi?
Here are a few of the best methods Unimoni facilitates international money transfers:
- Cover the Costs of Overseas Education
Our website enables you to send money abroad to any major university in the globe for study since we possess an Authorized Dealer II license. To start the transfer, you only need to provide a few standard papers, such as the offer letter from the institution, your PAN card, and your KYC paperwork.
- Pay for Expenses of Permanent Residency
Use Unimoni to assist your loved ones in paying for their permanent residence costs. Our significant presence in key foreign currency markets enables you to make smooth outward remittances in various currencies.
- Send out gift contributions
You may express affection to your overseas pals by sending them monetary presents on essential occasions or during festivals. You may start an online money transfer with Unimoni to any location in Asia, the UK, the USA, Europe, Africa, and the GCC. On the other hand, gift remittances are only accessible when sending money internationally to a foreign national.
- Pay for recurring family expenses
Taking care of several forms of costs is part of running a household. No matter where your family lives, you may use Unimoni to ensure their financial requirements are satisfied on time.
The following costs are included in family remittances:
- Typical household costs
- Living costs for students attending international universities
- payments on student loans
- Expenses for housekeeping while you are in abroad
How to Send Money Abroad From Mannargudi?
The procedure for sending money abroad from Mannargudi using Unimoni are as follows:
- 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 Send Money Abroad from Mannargudi Using Unimoni?
There are many reasons why you should trust Unimoni for swift money transfers from Mannargudi:
- Dependable licensing holder in the AD II category, approved by RBI.
- Simple offline process.
- Minimum standards for documentation.
- The recipient's account is credited with the funds within two business days.
- Transfer money between different currencies.
- Leading banks secure funds and a specialized data protection and anti-fraud staff audits them regularly.
Charges for Overseas Money Transfers
The following taxes are due when sending money overseas:
- The transaction fees and FX margin are subject to an 18% GST charge.
- For international fund transfers over Rs 7 lakh in a fiscal year, 5% TCS is applied.
- Financial institutions that pay back school loans over Rs 7 lakh are subject to a 0.5% TCS penalty.
- Every transaction started with Unimoni complies with FATCA/CRS guidelines. To ensure transparency, we subtract the relevant TDS and submit reports for the same.
Thus, Unimoni is the only company you need to consider if you want a money transfer service from Mannargudi.
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FAQ
The least expensive option to send money abroad from Mannargudi, India, is with Unimoni.
By choosing to send money abroad through service providers, including banks, post offices, money exchangers, digital payment platforms, and money exchangers, you may send money abroad. Contact Unimoni for a quick, easy, and successful money transfer.
You may move money straight from your bank account to another country via Unimoni quickly & efficiently.
If your parents live in India, they can receive up to INR 7 lakhs each fiscal year. However, there is no maximum transfer cap if they own NRE accounts.
The most incredible website to send money overseas is Unimoni. It makes international money transfers more accessible and provides better exchange rates than other banks.
You are not required to pay tax on transfers of up to Rs 7 Lakhs made within a fiscal year under the RBI's LRS program.
Transferring money from Mannargudi to any global location is possible with platforms for international money transfers like Unimoni. All you have to do is bring the required paperwork to the Unimoni closest to you. You will receive guidance from our representative at every stage.
Transferring money abroad is most affordable through bank transfers. However, the procedure typically takes three to five business days. Unimoni is the most affordable option for sending money overseas due to its minimal transfer costs and 2-day fund credits.
To send money internationally, you need a PAN card, identification, proof of residence, POR statement, beneficiary's name, and bank account information.
The RBI's LRS plan sets an outward remittance limit of $ 250,000 (Rs 2 crore) without tax for each financial year.
