Outward remittances from India

Outward remittances from India

Outward remittance from India is a tough process for many people with lesser know-how about the foreign exchange market. Insufficient dealings in the market without much info can lead you to severe losses, so expert guidance is always necessary for all those who are planning to make outward remittance for the first time. So, if you are one among them with inappropriate knowledge about the international money transfer procedures, all you need to know to have a trouble less remittance is listed here for you. Now stop worrying and send money abroad without any hassles.

Which are the most common purposes of outward remittances from India?

  • Education
  • Medical Treatment
  • Emigration
  • Employment
  • Remittance by Tour Operators/Travel Agents to overseas agents/Hotels
  • Remittance towards fees for examinations held in India and abroad
  • Visa fees

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    Above are some of the main and common purposes of outward remittances from India. Other than this, numerous other transactions too taking place like remittances for film shooting, fee for participation in global conference and specialized training, remittance for participation in international events and competitions, disbursement of crew wages, skills/credential assessment fees for intending migrants, processing fees for registration of documents as required by the governments, registration/subscription/membership fees to international organizations etc. However, money remittance to abroad for these purposes are too less when compared to the ones listed above.

    Which are the most common purposes of outward remittances from India?

    • Any banks with an AD I license from RBI.
    • Any authorized money changers with an AD II or FFMC license from the apex monetary institute- RBI

    Outward remittances limit:

    The total amount of remittance can be send in a financial year under Liberalized Remittance Scheme is restricted to USD 2,50,000/- by RBI. You can use this limit for multiple transactions within the limit in a particular FY.

    Where to contact for outward remittances and avail fastest money transfer service from India?

    If you are looking for outward remittance and the fastest money transfer service from India, please feel free to get in touch with us by visiting our website https://www.unimoni.in/  and put a query or chat with us at the toll free number 1800 102 0555 or WhatsApp us at +91 9946086666 or mail us at customercare@unimoniindia.com.You can also visit any nearby branches of Unimoni to avail instant services at the best money transfer rate from all across India. Unimoni can serve you better with all the updated and customized services according to your needs.

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