International Money Transfer in Easier Ways with Unimoni
International money transfers have emerged as a crucial method for the residents of Gopalganj in India to send funds safely and quickly. Over the past decade, Gopalganj has seen increased outward remittances and contributed to local economic growth.
So, are you on the search for the best way to send money abroad? Here, we will discuss the process of international money transfers from Gopalganj and why Unimoni is better than the rest.
Different Ways to Send Money Abroad
Wire Transfers
Money Exchanges: This is one of the best ways conducted by specialized businesses that offer currency exchange services. For instance, Unimoni can provide competitive rates, especially for large sums, and may offer physical or digital transfer options.
Why is Unimoni the Best Option for Sending Money Abroad from Gopalganj?
Unimoni emerges as the preferred choice for international money transfers from Gopalganj for several compelling reasons:
- Accessible Remittance Solutions: With time, Unimoni has emerged as a recognized and trusted brand of remittance among migrants in Gopalganj. It provides instant payment solutions that offer safety in addition to regular transfer services. The availability and reliability of accessible remittance solutions play a crucial role in attracting customers.
- Competitive Rates/Value for Money: Unimoni aims to offer competitive foreign exchange rates and top-notch service delivery so customers feel they are paying the right amount. Realizing the significance of remittance in the life of migrants will make the process financially feasible and efficient regarding savings. This affordability is what makes Unimoni a popular choice.
- Flexibility in Payment Methods: Unimoni supports customized money transfer processes through a multi-mode option that can be done via bank transfer, cash pick-ups, or mobile wallet transfer based on each individual preference and situation. This multi-channel approach has contactless digital and in-person options that are flexible to customers.
- RBI License Enables Trust: Unimoni's early authorization from the Reserve Bank of India for overseas forex transactions speaks for its credibility. Customers trust the platform to handle international payments and compliance hassles more efficiently. This relevance concerns preference.
How to Do Outward Remittance from Gopalganj with Unimoni?
Here's a concise guide to initiating an outward remittance from Gopalganj with Unimoni:
- Documentation Needed
- Valid passport
- PAN card
- Proof of residency (Aadhaar card, driver's license, etc).
- Beneficiary details overseas
- Go to the Nearest Unimoni Branch
Use the online branch locator to identify the Unimoni branch nearest to Gopalganj with all your paperwork.
- Initiate Transfer
Fill out the outward remittance form with beneficiary details, transfer amount, etc. Forward your documents for KYC verification. Then, select a payout option from bank transfer, cash pickup, or mobile wallet. Finally, pay the transfer amount with the fee included.
- Get Confirmation Reference
After submitting the outward remittance request form, you will be provided with the confirmation reference number. You can share this reference number with the recipient to pick up the order.
- Track Status Online
To follow the remittance status instantly, have the reference number at hand and log in to the Unimoni website or app, where you will get the updated credit status of the beneficiary.
To learn more, contact us or find your nearest branch using our branch locator.
- Diverse Transfer Options
Be it swift money transfers, online payments, or traditional bank branch visits, Unimoni has various alternatives suited explicitly to you.
- Reliability and Security
A security and compliance-oriented service is the focus of Unimoni, which guarantees the safety of your transactions. Sophisticated encryption techniques and compliance with regulatory requirements ensure the security of your financial data.
- Fast and Transparent Money Transfer
Unimoni has more than 4 million happy customers who continually enjoy sending money overseas using Unimoni. More than 3.5 billion transactions have successfully been completed through Unimoni, thus enabling its convenience in sending money abroad from Gopalganj.
Different Reasons for Outward Remittance from Gopalganj with Unimoni
Unimoni enables the provision of simple and budget-friendly solutions for outward remittance facilities. Following are some purposes for which you can send money abroad from Gopalganj using Unimoni:
- Family Maintenance
Forex services are widely used worldwide as an essential family maintenance aspect among top uses of outward remittances. LRS/ Liberalised Remittance Scheme permits an Indian Resident to remit up to USD 2,50,000 or its equivalent every financial year abroad in this category. Some essential documents required for money transfer under family maintenance remittance include:
- Form A2
- PAN card copy of the remitter
- Any officially valid document (OVD) with the address of the remitter
- KYC documents (ID and address proof)
You may consider Unimoni for the quick and safe money transfer from Gopalganj as remittances under 'Family Maintenance' cover maintenance of households, financial support for the family, students living expenses abroad, payment of student loans, and so on.
- Emigration
Unimoni provides convenient and hassle-free emigration remittance transfers used typically for moving from one country to another and for permanent residency. Unimoni takes care of fees paid for migration as per the AD II license and speeds up the remittances with minimal documentation. You must have the following list of documents for Emigration Remittances via Unimoni:
- PAN card copy
- Emigration Visa
- Copy of Passport
- Retail Outward Remittance Application form A2 inclusive LRS declaration
If somebody is emigrating from Gopalganj Into a foreign country, he/she can draw a foreign currency up to the limit the emigration government prescribes, or USD 2,50,000. The Reserve Bank of India allows extra expenses above this limit for incidental expenses of the country of immigration.
- Overseas Education
The only purpose for service providers with an AD II license to send money abroad is education. The remitter's PAN card, university offer letter, and other KYC documents are verified before the International money transfer from Gopalganj proceeds.
Foreign education fees under the LRS limit of USD 2,50,000 can be paid directly to the university along with the required supporting documents. Tax Collected at Source (TCS) on remittances issued by financial institutions for education abroad is taxed at a rate of 1.0% over Rs.7 Lakhs.
- Gift Purposes
Gift remittances are of a personal nature and, hence, cannot be made to a corporation or themselves. Unimoni assists in fast and convenient gift transfers by a locally situated person. Under the LRS, a resident person cannot send another resident, in foreign currency, to the latter's foreign currency account in a foreign country.
Documents required for money transfer for gift purposes via Unimoni include:
- Copy of PAN card
- Form A2
- KYC documents
- Any Officially Valid Document with the address of an Indian resident
Choose Unimoni
Being close to local regulatory bodies and having a solid international network, Unimoni ensures compliance and smooth cross-border flows. As digital connectivity and financial literacy are rising among rural youth, especially in areas such as Gopalganj, international remittances in structured ways will offer considerable opportunities for promoting financial inclusion.
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FAQ
Yes, it is possible to transfer money internationally from Gopalganj, Bihar, using Unimoni's service.
Bank transfers are considered the cheapest method for international money transfers. However, Unimoni provides competitive exchange rates and low costs for sending money from Gopalganj faster than banks.
PAN and ID proof of remitter, the bank account details of the beneficiary, and the POR statement are necessary to carry out an international payment from Gopalganj.
The maximum limit for international remittance in a financial year is $2,50,000, according to RBI's Liberalized Remittance Scheme.
Yes, you can start a SWIFT/Wire transfer from your bank account to do international fund transfers. In general, it takes 3 to 5 business days. Choose Unimoni for an efficient transfer time at lower charges.
You have to pay a fee or a service charge on every international money transfer transaction carried out. It is additional to the taxes that you pay to the government.
Unimoni, the major player in India’s foreign exchange services market, provides competitive rates, security, and quick transactions.
All the foreign remittances except those for the medical and education expenses will attract a 20% tax reduction. However, you can send up to Rs. 7 lakhs abroad without tax.
RBI's LRS allows Indian residents to send up to USD 2,50,000 annually. Persons who operate NRE accounts can enjoy unlimited transaction facilities on foreign flights.
There are multiple means to pay someone abroad, such as via banks, digital payment systems, courier posts, money exchanges, and forex companies like Unimoni.
