International Money Transfer in Easier Ways with Unimoni
At Unimoni, we make sending money abroad from Madurai smooth sailing. With decades of experience under our belt, you can trust us to get your hard-earned cash overseas quickly and securely.
How? With good exchange rates, low transparent fees, and a huge network covering over 100 countries. Use our simple online platform or visit a branch - our team is here to guide you.
We know any international money transfer can seem stressful at first. "Will it get there safely?" "What hidden fees will I pay?" But with Unimoni, take it easy. We're all about transparency and keeping things straightforward for you.
Relax and leave the international payment hassle to us - one of India's safest, fastest transfer services. We've got you fully covered each step of the way. Focus on your loved ones - we'll handle the rest.
Why Pick Unimoni for International Transfers from Madurai?
Unimoni has built a reputation as a trusted name synonymous with security, reliability, and integrity in the international money transfer domain. Whether sending funds from Madurai or any other Indian city, Unimoni provides compelling reasons to choose our services.
- Secure Overseas Remittance
- Accurate and Up-to-date Exchange Rates
- Smooth and Efficient Transfers
- Global Support in Multiple Languages
How to Do Swift Money Transfer from Madurai?
- 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.
What Are the RBI Limitations on International Money Transfers?
The Reserve Bank of India (RBI) has set a yearly limit of $2,50,000 that you can send abroad. This is the maximum amount you are permitted to transfer overseas annually.
Additionally, you don't pay any tax on international remittances up to ₹7 lakh. This means transfers below ₹7 lakh are essentially tax-free. Beyond that amount, applicable taxes will be charged on the transferred sum.
So in short, the RBI caps yearly overseas transfers at $2,50,000. And you get tax benefits on amounts under ₹7 lakh. This gives you good flexibility to send money abroad to loved ones without incurring taxes. Our team can guide you on the precise tax implications for your specific transfer amount and destination country.
What Taxes and Fees Do You Pay When Transferring Money Overseas from Madurai?
- Reporting Rules Paperwork
When you send money out of India, there are some international reporting rules we have to follow - things like FATCA and CRS. But don't worry about dealing with any of that compliance paperwork. We'll handle all of it behind the scenes so your transfer goes smoothly.
- Government Tax
If you're sending a big amount over ₹7 lakhs, the Indian government takes a cut. They charge a Tax Collected at Source (TCS) of 5% on remittances over that limit. Good news if it's for education - the TCS rate drops to 0.5% in that case.
So in simple terms: We handle the reporting, the government takes their TCS tax, and you pay our GST service fee. That covers the main extra costs when sending money abroad from Madurai. Let us know if you have any other questions!
Choose Us
To sum up, sending money abroad from Madurai is easy with Unimoni. Our huge global network, good exchange rates, low fees, and fast transfers make us a great choice. We get your money where it needs to go - safely, affordably, and quickly.
For all your overseas transfers, choose the convenient and cost-effective option - Unimoni. Reach out to our team at 1800 102 0555, +91 994 608 6666 or just send an email to customercare@unimoniindia.com. We're always happy to help out.
With our focus on security, speed, and value, we're a top pick for an international money transfer from Madurai and across India. Give us a shot today to send money abroad in minutes!
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FAQ
Absolutely. Unimoni provides convenient international money transfer services right here in Madurai, making it easy to send funds abroad.
Besides direct bank transfers, Unimoni is one of the most affordable options for overseas remittances from Madurai. We only charge a small transaction fee above the transfer amount.
The Reserve Bank of India has set a limit of $2,50,000 for yearly international transfers. Up to ₹7 lakh, you don't pay any tax on overseas remittances.
To complete an outward remittance from Madurai, you need a valid ID like a passport, license, or UID. Also have the recipient's bank details, POR statement, and PAN card.
You can send money abroad directly from your bank account. But for a smoother experience, consider Unimoni's app/site - we guide different international transfer services.
Under current RBI rules, you get tax relief on international transfers up to ₹7 lakh. Beyond that, applicable taxes are charged.
As per existing RBI guidelines, parents can send up to $2,50,000 (approx. INR 2 crore) yearly from India to the USA without any tax. Beyond that, taxes apply as per regulations.
With our strong reputation for security, good exchange rates, and quick transfers, many regard Unimoni as an excellent choice for overseas remittances.
Sending money abroad can seem tricky, but it's seamless with Unimoni. Our user-friendly website, app, and branches make sending money worldwide convenient.
You can use Unimoni’s overseas money transfer service by visiting the nearest branch and providing the recipient’s bank details. The transfer is usually completed within 2-3 days.
