International Money Transfer in Easier Ways with Unimoni
An international money transfer from Rajapalayam is meant for a variety of objectives. Examples include supporting emigration expenditures, foreign education, medical treatment abroad, family support, and so on.
Unimoni has grown into a well-known global financial firm in this regard. We endeavor to provide outstanding international money transfer services. You will also benefit from reduced transfer costs and more flexible payment alternatives. Furthermore, we are an Authorized Dealer II with over three decades of expertise in currency, payments, and money transfers.
How to Make an Overseas Money Transfer from Rajapalayam?
To conduct an outward remittance, follow the steps outlined below.
- 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.
After completing all of the stages, you must go through a Unimoni KYC check. The transaction will be completed within a few business days at the fixed exchange rates.
Why is Unimoni the Best Way to Send Money Abroad From Rajapalayam?
- Easy and Quick Money Transfer Process
After you finish the KUC procedure, Unimoni will begin processing the funds. The beneficiary will get the funds within a few business days.
- Competitive Exchange Rates
Unimoni allows you to conduct international money transfers at affordable exchange rates while getting the greatest value for your money. You may use the currency converter to effortlessly change currency values. The currency converter employs real-time exchange rates for your betterment.
- Secured Transactions
Furthermore, we are devoted to safeguarding your personal information. Unimoni keeps your money with reputable financial organizations. Furthermore, we provide two-factor authentication to protect your account and transactions.
Applicable Taxes on Any Outward Remittance
When sending money from Rajapalayam, you are liable for the following taxes:
- Unimoni ensures compliance with CRS and FATCA regulations for all transactions.
- The Liberalized Remittance Scheme (LRS) imposes a 5% tax on international payments above ₹7 lakhs as TCS. For remittances exceeding ₹7 lakhs for study abroad funded by financial institutions, the TCS amount remains at 0.5%.
- GST (Goods and Services Tax): Pay 18% on currency margins and transaction costs.
What Are the Reasons to Send Money From Rajapalayam?
Here are some of the most prevalent reasons why people move fund overseas:
- Funds for overseas education
The sum you send overseas for tuition costs can be sent straight to the foreign university. Make sure you have your passport, a letter from the educational institution confirming your admittance, the amount of tuition costs, and so forth.
- Gift remittances
You may effortlessly transfer money to loved ones residing in another nation. The maximum amount you can send as a gift remittance is USD 250,000 (approx. INR 2 crore) every fiscal year.
- Family Maintenance
Another reason individuals frequently need to make a swift international money transfer from Rajapalayam is to support their families. The transferred funds can be used to pay for house upkeep overseas, student loan repayment, and other expenses.
Make sure to save the remitter's PAN card, any OVD with the remitter's address, and Form A2.
Contact Us
If you want an international money transfer service from Rajapalayam, Unimoni is a good choice. You may get rapid and reliable transfers at competitive exchange rates. Furthermore, we are committed to keeping your personal and financial information private.
Unimoni offers a full range of financial services, including payments, outbound remittances, credit solutions, and currencies. For further information, please contact us immediately!
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FAQ
Unimoni allows you to send money internationally through any desired payment method like UPI, cash, debit card, credit card, and internet banking. Also, the receiver gets the required funds in a maximum of 2 days.
you can make payments for school/university fees, give gifts to your children on their birthdays, pay your suppliers/clients on time, and for any other miscellaneous purpose you may need.
You can remit up to 7 Lakhs INR to any country without any annual tax. Beyond 7 Lakhs, you will be charged a relevant tax rate based on the amount transferred (including transaction fees).
Unimoni seeks various details and documents from you to send money overseas. These include the sender’s bank details, valid ID proof (Aadhar card, passport, driver’s license), PAN card, and POR statement. Besides these documents, the sender should share the recipient’s details, like their bank account number, address, and name.
You will have to locate a nearby Unimoni branch to kickstart the money transfer process. After getting the branch name, enter the details requested on the portal. Fill in the necessary information and provide the documents, choose the currency denomination, transfer country, and payment mode. Finally, pay the required sum along with the transaction fee.
Our easy exchange mechanism allows you to send money abroad within two days. This time frame includes the complete KYC verification of the sender. If any details are missing or invalid, Unimoni will immediately revert to the sender.
There are several ways to send money abroad. However, RJP customers can remit funds via Unimoni - the best option with a low transfer fee. Secondly, you can enjoy the transparency and safety that come with our money transfer.
You will pay high transaction charges and hidden fees by choosing other banks and Forex companies for money transfers. Unimoni does not charge any hidden fees for transferring money and offers cost-effective services.
We assure users of safety and reliability. Our money transfer services are fast and efficient on a round trip from Rajapalayam to any place in the world. We facilitate payments whether it is in the form of cash, credit, or debit card.
We localize our services worldwide to deliver users trustworthy and accurate foreign exchange rates. Our currency converter provides more exact values of the current market exchange rate.
