International Money Transfer from Siddipet

Fast Foreign Money Transfers from Siddipet

The number of people travelling to foreign countries are increasing day by day. It can be for education fee payment, emigration, medical treatment or even for gifting. You may also face a situation where you have to transfer some urgent funds to your family or relatives abroad. Through this article we will help you to equip well to face any such situations. The most important point you should consider is in selecting the service provider for your money transfers. With the authorization from RBI and years of experience, Unimoni can help you in international remittances in the most safe and secured way.

SWIFT Transfer:

The most common way of international money transfer is through the SWIFT or Society for Worldwide Interbank Financial Telecommunication network. The SWIFT network is a messaging protocol. This network is used to send information from one bank to another. Indian Banks and RBI approved Authorized Dealers like Unimoni has arrangements with major banks across the globe to receive SWIFT messages which ensures safe and secure outward remittances from India.

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    Authorized Purposes:

    For international money transfers, an agent require authorization from RBI for remitting under that purpose. The following are the mostly preferred purposes authorized by RBI:

    • Overseas Education.
    • Overseas Employment.
    • Emigration Fees.
    • Visa Fees.
    • Maintenance of Close Relatives.
    • Medical treatment abroad.



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    Documents and Limits of International Money Transfers:

    RBI permits the money transfer agents to do international money transfers by collecting proper documents and by ensuring the genuineness of transactions. The documents required for international money transfer mainly depends on the purpose for which you are transferring the fund. Following are the basic set of documents required for money transfers:

    • A2 Form.
    • PAN Card copy.
    • Other KYC documents (based on purpose).

    RBI set certain limits for international money transfer from India under Liberalized Remittance Scheme (LRS). A Resident Indian can send money abroad up to USD 2,50,000 in a financial year. If you want any exception above this limit, you have to get prior authorization from RBI.

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      Hassle Free Remittance through Unimoni:

      In case of foreign remittances, you would be more worried about the security of your money transfers. Through authentic and systematic procedures, Unimoni can ensure the credit of funds to the beneficiary account on time. Moreover we can offer you the cheapest rate for fund transfers with minimum transaction charges. If you are looking to make international money transfer from India, and especially from Siddipet, please feel free to get in touch with us by visiting our website and put a query or chat with us at the toll-free number 1800 102

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