International Money Transfer in Easier Ways with Unimoni
With so many people moving abroad for education and business prospects, transferring money to these foreign countries has become necessary. However, making an outward remittance may sound confusing, and the process can become lengthy and expensive. You must consult experts who can simplify this process, like Unimoni.
With over 25+ years of experience as a leading forex company, Unimoni has become one of the most trusted companies for foreign exchange.
If you are looking for outward remittance from Ernakulam - Edapally, Unimoni can be a great choice! Let us examine why Unimoni is leading in the foreign exchange sector among students and businesses.
Why Do People Send Money from Ernakulam-Edapally to Foreign Countries?
There are multiple reasons why people prefer a swift money transfer from Ernakulam - Edapally. Here are some of them:
- Educational expenses: Many colleges abroad offer opportunities to students across the globe to get an excellent education. However, it is not always possible for the students to carry such a massive amount with them while shifting to a foreign country. This is why parents or guardians often do a money transfer to the students living abroad to get an education.
- Emigration funds: Many travel or settle in foreign countries for better jobs. In such cases, if they are applying for residence, they must pay visa fees, permanent residence fees, and many other charges to acquire it. However, you must note that if you make an international money transfer, the annual limit for transactions as per RBI is $250,000 (Rs 2 crore).
- Gifting purposes: Whether it is a friend getting married abroad or a cousin graduating from a good university in a foreign country, such joyous occasions demand gifts. And nothing is better than sending them money that they can use later. Through Unimoni, you can make an overseas money transfer to your loved ones as a gift.
What Are the Tax Implications of Unimoni Money Transfer from Ernakulam - Edapally?
Unimoni is a leading forex company that understands the value of your funds and ensures that the money safely reaches the beneficiary. However, you must note a few pointers if you are to send money from Ernakulam - Edapally. These include:
- As per RBI guidelines, you can send a maximum of $250,000 (Rs 2 crore) per fiscal(LRS) year.
- A 5% tax is levied on transactions above Rs 7 lakhs. In the case of educational purposes, it is 0.5%.
- You must pay 18% GST on the transaction fees while making a foreign money transfer.
How to Transfer Money Overseas Through Unimoni for Outward Remittance ?
If you are looking for a comprehensive and affordable money transfer service from Ernakulam - Edapally, then Unimoni can be a great choice. The process of outward remittance is simple.
- Locate the nearest branch. You can find your closest one by using our branch locator.
- Submit your and your beneficiary’s necessary documents.
- -PAN Card
- -ID Proof (Aadhaar Card, passport, driver's license)
- -Bank details of the beneficiary
- You also must pay the transaction fees. Unimoni offers multiple payment options. Hence, you can choose the one that is convenient for you.
After we are successfully done with the KYC check, the money is processed within two business days.
Reasons That Set Unimoni Apart
- Unbeatable exchange rates: Unlike other forex companies, Unimoni offers stable exchange rates despite fluctuating foreign currency exchange rates. The transaction fees are also very affordable compared to other foreign exchange companies. You can also use our currency converter for estimations.
- Rapid transactions: If you want to send money to your beneficiary living abroad within a limited timeline, then Unimoni can be your preferred forex company. Unimoni boasts of making a money transfer within 30 minutes to 24 hours of completing KYC checking and ID verification.
- Multiple payment options: Paying through Unimoni is simple and fast, as you can pay through multiple payment options. Once you reach the branch and submit all documents, you can pay via cash or send money online through a credit/debit card, UPI, or net banking.
- Reliable support team: An outward remittance from Ernakulam - Edapally (ERP) can be challenging and intimidating. This is why Unimoni offers a 24/7 customer support team that is available to assist you with all your queries and transactions.
Contact Us
If you want to send money abroad through a trusted forex company, you must ensure that you choose the right one. We are an authorized RBI Dealer-II and are one of the most reliable companies in the sector regarding foreign exchange. With millions of transactions and thousands of clients, our customer team is always enthusiastic about helping understand foreign exchange policies and processes.
If you find the process too complicated or want more information, contact us!
Branch Locator
FAQ
Yes, you can transfer money to foreign countries from multiple cities like Edapally through Unimoni. Visit any of our branches. Use our branch locator to find your nearest branch. Bring the valid documents. All done! Our friendly staff will take care of the rest.
As per the RBI guidelines, you can send a maximum of $250,000 (Rs 2 crore) annually.
Per the RBI guidelines, a 5% tax is levied on transactions exceeding RS 7 lakhs. You must pay a 5% tax on the transaction.
Yes, you will need to pay 18% GST on foreign transactions.
Usually, when making a money transfer to a foreign country, once the process is initialized, it is impossible to change the amount. However, in an emergency, you can contact us and our support team, and we will do our best to help you.
Compared to banks and other Forex companies that can take up to 4 days for a transaction, Unimoni can do it within 24 to 48 hours, making it a reliable and fast service.
Before processing, you must provide PAN card details, valid ID proof (Aadhaar Card, passport, driver's license), POR, and bank account details for proper KYC verifications.
Yes, many students use Unimoni’s service for money transfers for educational purposes. Unimoni has AD II licence which make international transfer legal.
You can send the money through a demand draft or a wire transfer. A wire transfer is usually a quicker way to make a money transfer to your friends and family living abroad. Visit any of our branches. Use our branch locator to find your nearest branch. Bring the valid documents. All done! Our friendly staff will take care of the rest.
Yes! You can check the receipt for a tracking ID or opt for emails or messages to check on the money transfer status. For any queries, you can call 1800 102 0555 directly. You can also email us at customercare@unimoniindia.com. Our Whatsapp number is +91 9946086666.
