International Money Transfer in Easier Ways with Unimoni
International Money Transfer have become commonplace these days owing to global connectivity and technological advancements. Whether you need to send money abroad for business or personal reasons, knowing how to do it safely is paramount. After all, protecting your funds and personal information from potential security breaches relies solely on your chosen service provider.
So, are you looking for the most reliable financial services provider offering outward remittance from Hyderabad- Kukatpally? Then, scroll down to have a comprehensive understanding of this easy process. Learn the different ways of international money transfer, the perks of choosing Unimoni, and the applicable taxes on your specific service.
How to Transfer Money Overseas from Hyderabad- Kukatpally?
For overseas money transfers from Hyderabad- Kukatpally, you need to adhere to the RBI’s LRS scheme and other regulations, which are explained below:
- Liberalized Remittance Scheme of the RBI
Under this scheme regulated by the RBI, you can transfer up to 250,000 USD overseas in a fiscal year. Also, you must determine the purpose of your money transfer, which should align with the POR set by the RBI. Some common reasons are travel, donations, gifts, medical expenses, educational expenses, shifting abroad, financial support to relatives, etc.
- What is POR?
Within the domain of international money transfer, POR stands for the Purpose of Remittances. POR is a specific code (two or three digits) that is generated for the purpose of money transfer. When sending money abroad, it’s mandatory to disclose the reason behind your money transfer to financial institutes.
- Organize the Required Documents
You need to keep every document ready and properly organized for international money transfers. Your ID and address proof, the beneficiary’s address, and other supporting documents, such as medical reports for medical expenses, might be required.
- KYC and Exchange Rates
Finally, you need to follow the KYC (Know Your Customer) procedures to send money abroad from Hyderabad- Kukatpally. You must submit the required documents, including your PAN card, to the service provider. Also, learning about the exchange rates will help you to determine the overall charges for your specific transaction.
Why is Unimoni the Best Option for Sending Money Abroad from Hyderabad- Kukatpally?
There are a plethora of options when it comes to choosing a money transfer provider. However, here are the key aspects making Unimoni the most preferred choice of customers:
- Simple Process
The process of overseas money transfer is simplified at Unimoni. You just need to follow the five steps mentioned above to complete the entire process from your end, and we will ensure the fastest transaction. Our KYC process is also simplified and doesn’t take much time.
- Swift Money Transfer
One of the biggest reasons for choosing Unimoni as your money transfer provider is prompt transactions. We ensure this by conducting a simple and fast KYC process. We also prioritize transparency and security throughout the process.
- Best Foreign Exchange Rates
We boast a comprehensive currency converter to let you check the current transaction rates for your beneficiary’s location. That’s not all, as we also offer the best foreign exchange rates.
How to Do Outward Remittance from Hyderabad- Kukatpally with Unimoni?
Here is a step-by-step guideline on how to transfer money overseas easily from Hyderabad- Kukatpally with Unimoni, your most reliable overseas money transfer service provider:
- Head to the Nearest Unimoni Branch
- Share Your ID and Proof of Address
- Provide the Other Required Documents
The other required documents include the beneficiary’s details, such as name, address, proof of residence, bank account details, and statement of POR. Ensure you provide the most accurate information to avoid any hassle leading to transaction disputes.
- Wait for the Transfer to Process
The Unimoni Advantage Over Other Banks & Forex Companies
Licensed by RBI as an NFBC, Unimoni is one of India’s most reputed money transfer service providers, boasting a vast network of 300+ branches and 15,000+ agents nationwide. From international outward remittances to domestic transfers and currency exchanges, Unimony provides various services.
Among all facilities, the Forex-Travel Card and Prepaid Multi-Currency Card are two exceptional ones Unimoni provides to ensure your peace of mind:
- Forex-Travel Card
With the Forex-Travel Card, you can load single or multiple currencies onto one card, ensuring flexibility and ease of use during your international travels. Also, you can benefit from competitive exchange rates, making it a cost-effective option for your transactions abroad.
- Prepaid Multi-Currency Card
With the Prepaid Multi-Currency Card, you can enjoy the convenience of foreign currency exchange in a highly secure manner. This card provides optimum flexibility when it comes to currency exchange.
Conclusion
Now that you know how to send money abroad from Hyderabad- Kukatpally with Unimoni, just go ahead and follow the simple procedure. For further assistance or any query, feel free to contact us.
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FAQ
Yes, you can transfer money internationally from Hyderabad- Kukatpally, to any location in the world. Simply visit any nearest Unimoni branch, provide the required documents, and pay the transaction charges.
Unimoni offers the most competitive taxes and charges for international money transfers. You can determine the charges by visiting the Unimoni official website.
While there are plenty of options, you can rely on Unimoni for its unbeatable expertise in the forex domain. Moreover, you get multiple facilities, including swift payment, an online payment tracking option, and versatile payment methods.
You can pay someone internationally via Unimoni’s hassle-free international money transfer process.
The RBI limit to send money abroad is an amount equivalent to 250,000 USD per fiscal year.
One of the cheapest ways of international money transfer from Hyderabad- Kukatpally is through Unimoni forex service platform at competitive exchange rates.
Your PAN card, Aadhaar card, voter ID, driver’s license, passport, and address proof, along with the beneficiary’s address and your POR, are required for sending money abroad from Hyderabad- Kukatpally.
Yes, you can transfer money internationally from your bank account directly to the beneficiary’s account. The limitation is $250,000 per fiscal year. For a quick and low-cost process, trust Unimoni’s forex services.
There will be a 20% tax on all foreign remittances except for medical and education expenses. Without tax, you can send up to Rs. 7 lakhs abroad.
Under the Liberalised Remittance Scheme (LRS), your parents can send up to $250,000 per fiscal year to the USA without remittance frequency restrictions.
