International Money Transfer in Easier Ways with Unimoni
The motive behind an outward remittance from Bhuj is multi-faceted. Examples are assistance with emigration costs, foreign education, medical treatment abroad, family support, and so on.
With a growing customer base and a global financial brand, Unimoni has earned recognition as one of the top financial service providers. We endeavor to offer the best exchange rates for affordable international money transfers.
Also, you save on the transfer costs as we present a wide range of payment options. Additionally, we are a strongly established RBI Authorized Dealer II with over three decades of experience in payments, foreign exchange, and money transfer.
How to Send Money Overseas with Unimoni?
To carry out remittances abroad, follow these instructions.
- Step 1: Visit Your Nearest Branch
Unimoni enjoys a wide presence all across India. There are in total 307 branches and 15,000 agency sites, allowing anyone to have access. We likewise keep up with a robust global network of banks.
Find your neighborhood branch by using the locator feature. You should enter the state name. A list will come up showing the names of the nearest branches.
- Step 2: Keep All the Necessary Documents
Here are some of the essential documents that you must retain to send money abroad from BHUJ:
Provide POR, Bank account, PAN Card, and Address Proof like an Aadhaar Card/Passport.
- Step 3: Specify Your Preferred Currency
You need to choose your desired currency and denomination as well.
- Step 4: Provide Transaction Information
Present all the identifiable transaction-related details, for instance, account number, permanent address of the beneficiary, name, and so on.
After the transaction fees are received, the recipient will get the amount within 2 working days.
Taxation of Overseas Transfers
When you send money abroad from BHUJ, you are liable for the following taxes:
- We, at Unimoni, make sure to follow international standard AML and KYC policies, remittance codes, and CRS and FATCA regulations for all transactions.
- The Liberalised Remittance Scheme (LRS) does include a 5% tax on international payments over 7 lakhs INR as TCS.
- GST (Goods and Services Tax): Pay 18% on currency margins and transaction expenses.
What Are The Main Reasons to Send Money Abroad?
Here are some of the most prevalent reasons why people move funds overseas:
- Speedy TransfersMoney for Studying Abroad
The money you routinely forward for education fees is immediately disbursed to the foreign university. Ensure that your passport, the letter of admission from the educational institution, the tuition costs, and other necessary documents are there.
- Gift Remittances
You will be able to send financial aid to your family members who are abroad in just a matter of seconds. The maximum remittance you can send as a gift can be USD 250,000 annually. Any amount over this limit is disallowed. So, note this point when making your transfers.
- Family Maintenance
Another reason why individuals seek a swift international money transfer from BHUJ is to support their relatives. Those funds can be used to pay household expenses overseas, settlement of loan debts, and other expenses.
Always ensure that you keep the PAN card, any OVD with the remitter's address, and Form A2.
Reach Out to Us
Unimoni is a suitable company for your international money transfer from BHUJ. You may enjoy the distinct advantage of quick and dependable transfers with low exchange rates. Besides, we guarantee the confidentiality of your personal data and banking information.
Unimoni offers full banking services, including payments, outbound remittances, financial solutions, and in-store currency exchange. For additional details, please contact us promptly! We are here to help you with your remittance and other needs.
Branch Locator
FAQ
You can either visit our nearest branch or use our online banking option to make a money transfer. The process is simple and secure.
You have to furnish some papers to initiate the transfer. We'll ask you to give your ID, the bank details of the receiver, your PAN card, and residential proof. We will guide you throughout the process to make it easier for you.
We normally credit funds to the recipient’s account within 1-2 business days. However, if any paper is missing, we will not initiate the transfer. In that case, we will get back to you for additional details.
Yes, the process is safe and free from any issues. We apply sophisticated security systems ensuring 100% protection. So, the chances of intrusions or hacking don’t arise.
You can send larger amounts on our site or by visiting our office. The exchange rates will always be low with zero hidden charges. So, rest assured that the recipient will get a higher amount after the transfer.
Yes, an amount of 7 lakhs INR will be tax-free each year. Any money sent over this limit is subjected to tax.
You can track the status of the transfer by logging in to your account on the Unimoni website. You may also visit our office to seek info in this respect.
Surely, our currency converter will let you check live rates. It is simple to use. Just enter the details to get the rates.
Unimoni is the best choice for an outward remittance. Although other options exist, you have to confront a range of challenges that involve enough time and legwork. We are your best chance.
Yes! Our dedicated team is always ready to guide you throughout the money transfer process. As such, your remittances become hassle-free and easy.
