International Money Transfer in Easier Ways with Unimoni
Why Unimoni is the Best Choice for Money Transfers?
Unimoni is the most trusted brand in Margao for overseas remittances due to multiple advantages:
- Competitive Exchange Rates
We provide highly economical forex rates helping maximize transfer value in foreign currency. Locked-in rates provide transparency on conversion costs.
- Regulation
Compliance: 25+ years of experience in forex means stringent processes for KYC verification, audits, and permitted transfer purposes as per RBI rules.
- Quick Processing
Remittances reach recipient accounts overseas within 48 hours, enabling urgent use of funds.
- Expert Assistance
Dedicated relationship managers provide guidance, handle documentation, and resolve any transfer issues.
How to Send Money Abroad via Margao Branch through Unimoni?
- 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.
Tax Regulations for Overseas Remittances
It is vital to evaluate applicable tax rules and laws for sending money abroad from India. As per Liberalized Remittance Scheme guidelines, transfers up to INR 7 lakhs annually are exempted from domestic income tax.
If you are remitting overseas above this threshold, relevant income tax may be applicable based on documentation furnished as proof. Our forex experts will inform you about any taxes payable over and above the LRS limits set by RBI.
Additionally, an 18% GST is levied on all forex conversion/transaction handling charges billed by authorized money transfer firms like Unimoni as per the GST Act. Any taxes either in India or overseas destination countries are explicitly conveyed upfront by us for complete transparency before customers make the international payments.
By partnering with Unimoni as your overseas remittance specialist, you can rest easy knowing we guarantee 100% adherence to prevailing tax regulations in India for safe, compliant money movements.
Trust Unimoni for All Your International Payments
Whether you need to pay expensive university tuition fees as your child pursues higher studies in Europe or have to provide urgent financial support to family members residing in other countries, Unimoni aims to be your trusted companion for all international money transfers over the years.
We possess over 3 decades of specialized expertise in simplifying outward remittances for Indian residents via competitive foreign currency rates, stringent compliance with regulations, quick digital transfers, easy tracking, and expert guidance.
As financial needs for funds overseas can arise at short notice, existing patrons in Margao depend on us to dispatch money swiftly across 100+ nations anytime. By establishing a relationship with us as your forex partner, you no longer need to be anxious about international money transfers - but rather rest easy knowing we will fulfill your cross-border financing needs efficiently.
Contact Unimoni online or visit our branch today to send money abroad hassle-free.
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FAQ
Unimoni offers easy modes - online portals, phone banking, and branch visits - for Margao customers to remit overseas. Make secure payments and our experts transfer funds digitally within 48 hours via banking channels.
We exchange INR for 100+ currencies at competitive rates. Transfer overseas via wire transfer, cash payouts, or DDs. NRI customers can also receive global inward remittances into India.
As per RBI's Liberalized Remittance Scheme, you can send up to $250,000 (approx. INR 2 crore) overseas annually after submitting relevant documents at the Unimoni Margao branch.
Yes, being an RBI-approved money changer, we stringently comply with KYC documentation, audit trails, and reporting requirements for secure overseas remittances.
We have a swift processing time, completing international money transfers digitally to accounts overseas within 1-2 working days only.
Log into your secure Unimoni account online anytime to access real-time status updates and historical reports on money movements overseas.
Forex conversion charges apply. 18% GST on our fees. Income tax may apply above INR 7 lakhs. Overseas taxes may also be applicable.
Yes, we use the latest encryption and security protocols compliant with PCI and GDPR standards to ensure transaction safety and data security.
Certainly, we customize solutions for periodic overseas payments - monthly rents, quarterly tuition fees, etc. through standing instructions locked in at favorable forex rates.
Speak to our dedicated relationship managers over the call or WhatsApp or visit the Margao branch for professional assistance with overseas remittances.
