International Money Transfer in Easier Ways with Unimoni
International money transfers are commonly used for sending funds across borders for supporting families, covering education or medical costs, and investing globally. It is crucial to compare various money transfer methods to ensure the ideal solution for your requirements.
What method will we rely on to send money abroad? In this regard, Unimoni comes in. At Unimoni, we offer a range of transfer modes, low charges, and fair exchange rates. Furthermore, Unimoni is under the supervision of the RBI, so your money will be safe.
Let's get a step-by-step lead on making payments via Unimoni with ease.
How to Do International Money Transfer from Hyderabad- Tolichowki?
To send money abroad through Unimoni from Hyderabad- Tolichowki, you can follow a straightforward process:
- Come to any of the conveniently located Unimoni branches in Hyderabad- Tolichowki.
- Share your identity and residency proofs for identification purposes.
- Provide the beneficiary's particulars, such as their full name, valid POR address, and precise bank details.
- Pay the necessary costs that accompany such a transfer.
- Unimoni then takes responsibility for processing the money transfer promptly. The beneficiary will receive the transferred funds securely within a short period, ensuring a seamless and efficient transaction process.
Why is Unimoni the Best Option for Sending Money Abroad from Hyderabad- Tolichowki?
Customers can opt for Unimoni for outward remittance due to several compelling reasons:
- Easy Processing with Simple Documentation: Unimoni provides an easy option with several straightforward documents. This makes the processes simpler for customers and minimizes their time and effort.
- Personalized Service to Each Customer: Whether you are a student, an entrepreneur seeking to structure your money flows on the business, or any individual who will need to send funds for personal reasons, Unimoni guarantees appropriate support for your needs.
- Quick Transfer at Unbeatable Rates: Unimoni emphasizes efficiency without compromising affordability. Fast and efficient online money transfers with an expeditious transfer time are available to the customers.
- Most Trusted and Secured Service Provider: Unimoni is one of the most reliable, trusted, and safe service providers for international money transfers. Having established a brand name founded on reliability, openness, and operation under severe security protocols, customers have nothing to fear regarding the safety of their transactions.
Selecting Unimoni has all the advantages of convenience, a good touch point service team to provide personal treatment as possible, and a competitive rate by well-equipped facilities ensuring maximum security for your transfers.
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How to Do Outward Remittance from Hyderabad - Tolichowki with Unimoni?
Remittance abroad means transferring money from one country to another for expenditure in the recipient's home country. It can also be termed as a wire transfer or money remittance. With multiple online services and facilities on the rise, cross-border fund transferring has seen an upward growth.
Unimoni, one of the leading forex service providers, can cater to all needs related to international money transfers. It guarantees reliability and security throughout.
Outward remittance from Hyderabad - Tolichowki with Unimoni involves these critical steps involved in the process.
- Step 1: Gather All the Required Documents
Ensure to have all the essentials required for remittance, including beneficiary details, which include the name of the person receiving it, address, and bank account number. The accuracy and completeness of the information are significant for proper fund transfer.
- Step 2: Organize Your Transfer
To send money abroad from Hyderabad- Tolichowki through Unimoni, you have two options. You can either use their website or visit one of our branches. We offer both options to make the process simpler for you.
- Step 3: Initiate the Transfer
Initiate online or in-person fund transfers, providing required documentation and paying applicable fees. If you want to know the current transaction rates for your beneficiary’s location, you can check Unimoni’s currency converter.
What Taxes Apply to Outward Remittances?
The taxes applicable to outward remittances are as follows:
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Tax Collected at Source (TCS) under the Liberalized Remittance Scheme (LRS): A 5% tax is levied on overseas money transfers exceeding Rs. 7 Lakhs as TCS. Financial institutions facilitating the remittance collect this tax at the source.
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Foreign Exchange Markup: Foreign exchange transactions for outward remittances usually attract markups on the market rate of USD by financial institutions. This is a charging or taxing fee coming from the institution.
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Service Tax or GST: In some countries, a service tax or Goods and Services Tax (GST) can be imposed on banks or money transfer agencies' charges for processing outward remittances.
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Income Tax: Income tax may be applicable on funds remitted abroad, depending on the regulations of the sender's country.
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Withholding Tax: In India, certain types of payments attract obligations on the payer’s end to withhold tax during outward remittance. The interest rate of this tax depends on the type of payment.
What sets Unimoni Apart from Other Banks and Forex Companies?
When choosing to send money from Hyderabad to Tolichowki, Unimoni stands out traditional other banks and Forex companies in many ways:
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Competitive Exchange Rates: One of the main advantages that customers enjoy from Unimoni is a higher exchange rate than industry standards, achieving maximum value in currency conversion.
Access to Numerous Currency Markets: Using many currency markets, Unimoni ensures easy money transfer from one country to another irrespective of the currency; it also offers a wide range of customers with varying financial requirements.
Affordable Transfer Fees: Unimoni emphasizes affordability and money transfers to locations outside India for a lesser transfer fee, making it an affordable choice when sending international remittances.
Versatile Payment Options: Customers enjoy diverse payment methods such as UPI, NEFT, and debit/credit cards, which allow unparalleled ease when transferring.
Customer-Centric Approach: In the case of Unimoni, consumer satisfaction is a priority, which guarantees speedy and efficient service delivery and compelling customer needs.
Wrapping Up
Send money internationally from Hyderabad to Tolichowki with Unimoni for low fees, competitive rates, and hassle-free service. Check exchange rates on the app or website before visiting the nearest branch for quick and secure transfers. Trust Unimoni for all your money transfer needs.
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FAQ
Yes, you can transfer money internationally from Hyderabad-Tolichowki using Unimoni's services.
Bank transfers are usually the cheapest option for funding your international money transfer with Wise. Additionally, Unimoni offers competitive rates and low fees for sending money abroad from Hyderabad- Tolichowki, India.
Unimoni is among the best companies for international money transfers, providing reliable and cost-effective services.
You can pay someone overseas in multiple ways, which involve banks, postal offices, and money transfer service providers. In this regard, forex service platforms like Unimoni can be particularly helpful owing to low exchange rates and faster transfer time.
The limit for sending money abroad from RBI varies based on the purpose of the transfer and the individual's profile. Unimoni can guide specific limits.
The processing time for international transfers with Unimoni can vary depending on the destination country, the chosen transfer method, and any regulatory requirements. Typically, transfers are completed within a few business days.
If you want to send money overseas from Hyderabad- Tolichowki, the required identification documents include:
- A PAN card/ voter ID/ Aadhaar card/ passport to prove your identity.
- Proof of address.
- Additional details for remittance purposes.
Yes, It is possible to transfer money internationally from your bank account using the services provided by Unimoni.
Under the latest regulations of the Liberalized Remittance Scheme, a resident can send up to Rs. 7 Lakh each financial year without incurring taxes.
Parents and other residents can now send up to USD 250,000 per financial year to their children under the Liberalized Remittance Scheme (LRS).
