International Money Transfer in Easier Ways with Unimoni
An increasing number of individuals are migrating abroad for better career prospects, pursuing higher education, investing in foreign business, etc. Hence, the initiation of overseas money transfers has become recurring. People are in constant need of a reliable platform using which they can transfer their funds seamlessly.
Are you looking forward to initiating an outward remittance from Ottapalam? Look no more! Unimoni has your back. We offer fast and reliable remittance services. You can rely on Unimoni to send your money abroad at a competitive exchange rate and get exemplary service at low fees. Keep reading to learn how to make overseas money transfers from Ottapalam.
How Do You Initiate an Overseas Money Transfer from Ottapalam?
Here are the steps that will help you send money abroad from Ottapalam:
- Step 1: Visit Your Nearest Unimoni Branch
Unimoni extends services across 307 branches and 15,000 agencies all over India. You can use the branch locator and mention the state name and location to find the nearest branch. You will find the contact details of the branch as well on the website.
- Step 2: Submit the Necessary Documents
If you want to do an international money transfer from Ottapalam, it is important to be aware of the following documentation:
- Proof of Remittance (POR)
- Bank account details
- PAN card
- ID Proof (passport, Aadhaar card, driver’s license)
- Step 3: Choose Your Preferred Currency and Denomination
Select the currency and denomination you intend to carry along.
- Step 4: Mention Transaction Details
Now mention the remittance purpose along with mentioning the remitter and beneficiary details.
- Step 5: Pay the Transaction Fees
Initiate the payment through varied payment options like debit cards, net banking, and credit cards.
- Step 6: Comply with the KYC Norms
You have to complete the provider-required KYC process then and submit necessary documents like identity cards and PAN.
Unimoni Advantages Over Banks and Other Forex Companies
Here are the compelling advantages of using Unimoni over banks and other forex companies:
- Competitive Exchange Rates
Unlike any leading banks and financial institutions, Unimoni extends highly competitive foreign exchange rates. Even you have to bear minimum charges for processing. This helps you save a lot of money. You can use the Unimoni currency converter to analyze the desired currency's latest rates.
- Quick and Simplified Process
You can visit the Unimoni app or website to send money abroad from the comfort of your home. Moreover, the entire transaction process is fully automated. Hence, you can be sure of getting hassle-free service. Furthermore, once you have completed the KYC procedure, Unimoni starts transferring funds within a few business days.
- Dedicated Anti-Fraud Team
Our team works round-the-clock to ensure your account and money are secured from fraudulent activities. Even we keep all your personal data safe. Unimoni uses two-factor authentication to safeguard your account and transactions.
Best Reasons to Send Funds from Ottapalam
Here are some of the reasons for you to opt for outward remittances from Ottapalam:
- Supporting Immigration
Choose Unimoni, send money abroad from Ottapalam, and fund the immigration. The platform has made sending and receiving money across varied currencies easy. Be it the permanent residence fees, visa costs, any deposit to clear the PR visa, etc., you can easily cover it. Individuals willing to migrate to another country can withdraw up to USD 250,000, or the amount the Emigration government prescribes.
- Family Maintenance
Another common reason why one sends money abroad is for family maintenance. You must ensure you have provided the receiver's details properly while transferring money for family maintenance. You can send money to maintain the house, fund the student’s living expenses abroad, pay off student loans, etc.
- Gift Purposes
Through Unimoni, you can make international money transfers and ensure protected remittances of gifts to your loved ones. The gift transfer can be initiated only under the LRS program. Under the ‘Gift Remittance’ category, individuals can remit a maximum amount of USD 250,000 in a financial year. It is important to ensure that the remittance for the sake of gifting must be initiated in favor of an individual and not to the corporates or themself.
- Overseas Education
You can make international money abroad to cover expenses like university fee payments, tuition fees, housing expenses, etc. The transactions are processed after substantiating the PAN card of the remitter. Under the LRS of the RBI, Indian residents can transfer up to USD 250,000 in a financial year.
Contact Us
Branch Locator
FAQ
The fees and the exchange rates that will be charged if you are transferring money from Ottapalam are dependent on the amount you wish to transfer, the transfer method, and the destination country where you want to send the amount.
If the total amount remitted outside India under the ‘Gift Remittance’ category in a financial year is over ₹7 lakhs, TCS (Tax Collected at Source) of 5% is levied.
The documents required for family maintenance remittance are the remitter’s PAN card/ Aadhar card, an Officially Valid Document (OVD) that must mention the remitter’s address, Form A2, etc.
The primary documents required for emigration remittances are a PAN card, passport, Emigration visa, passport copy, and Retail Outward Remittance Application form- A2 cum LRS declaration.
With numerous provisions and compelling features like varied payment alternatives, competitive exchange rates, low costs, etc., Unimoni stands out as the best option for making international money transfers. We have RBI authorization for AD II licence.
Firstly, you must choose a reputable and reliable money transfer service like Unimoni that has RBI authorization for an AD II licence. Then, you must carefully review the fine print and keep track of the transfer.
There can be a delay with your international money transfer due to technical problems, bank holidays or weekends, insufficient funds, currency conversion delays, etc.
You can call on 1800 102 0555. Our email ID is customercare@unimoniindia.com. You can also contact us using our WhatsApp number: +91 9946086666.
Here are some of the factors on which the time frame for international money transfers depends:
The destination country
The amount of money that you intend to transfer
The requirement to comply with the requirements, etc.
