International Money Transfer in Easier Ways with Unimoni
Are you looking to send money across borders from Nandyal, a city situated in the Indian state of Andhra Pradesh? Go for an international money transfer, a process that involves transferring money to recipients in different countries. With the economies becoming more globalized and interconnected, such transactions have become a norm for various purposes, including remittances, business transactions, and personal transfers.
In Nandyal and other parts of the globe, people and businesses have multiple options for money transfer internationally. Although traditional methods such as bank wire transfers, international money orders, and checks are available, they may be slower and incur higher fees than newer digital alternatives. Here is a detailed description of the process and considerations one must follow while international money transfers from Nandyal to abroad.
Things to Know About Overseas Money Transfer from Nandyal
There are a few things that you should keep note of when transferring money overseas from Nandyal, which include:
- Note that the maximum amount of remittance money you can send abroad is limited as determined by the Reserve Bank of India under the Liberalized Remittance Scheme (LRS). This ceiling has now been capped at $2,50,000 per annum.
- The LRS will give ways on the different forms of money transfer that you can make, like travelling, gifts, education, and medical. Please make sure that you align with the authorized categories.
- Make sure that you are choosing a trustworthy service provider. Select a reliable organization that firmly adheres to the regulatory requirements. On choosing Unimoni as your service provider, please provide us with the recipient's details and reason for the transfer.
- Stay informed about foreign exchange rates, fees, and commissions to ensure transparency throughout the transfer process.
Why Choose Unimoni for Sending Money Abroad from Nandyal?
There are several reasons for considering Unimoni to send money abroad, and they are:
- Regulatory Authorization: Unimoni India, previously known as UAE Exchange, is licensed as an NBFC and AD II category holder by the RBI, thus keeping up with the regulatory standards.
- Comprehensive Services: Unimoni provides a range of financial services like outward remittance, domestic money transfer, foreign exchange, payment solutions, and more, which serve various purposes.
- Extensive Network: Unimoni, a company with about 310+ branches and 15,000+ agents in India, provides in-town and beyond places in Nandyal and other areas in India with the accessibility of its services to individuals and businesses alike.
- Global Reach: Unimoni is operational in over 160 countries and works with clients worldwide.
- Competitive Rates: Unimoni offers competitive exchange rates and transparent pricing for international money transfers. Thus, customers get value for their money.
How to Do Outward Remittance from Nandyal with Unimoni?
The steps for outward remittances from Nandyal with 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.
Summing Up
Unimoni provides an array of financial services in 160+ countries. Unimoni is reliable, offering convenience, credibility, and customer satisfaction through every financial deal. So, why wait? Go and check out our website and have your money transferred abroad from Nandyal in an instant.
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FAQ
Yes, you can transfer money internationally from Nandyal.
Considering that Unimoni offers easy and efficient services for transnational money remittances from different places, Nandyal is included. Whether you have personal needs for transferring funds like education, travel, family support, or business, Unimoni has the right solutions.
The cheapest way is by bank transfer. You can also select Unimoni, which has competitive exchange rates and low transaction fees, thus making it a cheaper option for international transfers.
Unimoni is preferred since it has a vast network and efficient transfer process. Hence, you can save on costs while enjoying secured and reliable transactions.
With Unimoni, making international payments online is simple:
Sign in or register to your Unimoni account.
Specify recipient details- name, address, and bank account details.
Inform the payment amount and select the currency.
Select the transfer method: bank transfer, cash pickup, or mobile wallet.
Examine and check the transaction details.
Follow the transaction status and get confirmation.
Inform the addressee, giving the required details.
Make sure the payment is done with ease.
Unimoni ensures a secure and efficient process for all your international payment needs.
As Per the regulations set forth by the Reserve Bank of India (RBI), individuals residing in India can transfer up to $2,50,000 within a single financial year.
Traditional bank transfers are considered to be the cheapest. However, the most cost-effective way to transfer money internationally is via Unimoni. Choose Unimoni today for easy overseas transfers, affordable transfer rates, and fast transactions.
The documentation required for sending money abroad from Nandyal typically includes:
Valid ID proof of the sender (e.g., passport, driving license, Aadhaar card)
The PAN card of the remitter
The account number of the recipient
POR stating the purpose of the remittance
Yes, you can do it. Through Unimoni, you can transact money internationally straight from your bank account. Unimoni provides international wire transfer services that are secure and convenient for sending money abroad.
LRS norms by RBI enable individuals to remit up to Rs. 7,00,000 tax-free allowances within a year.
Under the Liberalized Remittance Scheme (LRS) by the Reserve Bank of India (RBI), parents residing in India can transfer a maximum of $2,50,000 to their children in the USA.
