International Money Transfer in Easier Ways with Unimoni
Money transfers are more prominent these days. With the rapid increase in international money transfers, rapid growth of risk factors also arises. So, choosing a safe option for an overseas money transfer is always necessary.
Unimoni is one such money transfer service from Khanna that is best regarding speed and cost. It also provides its customers with all types of facilities so that they face seamless online money transfer services.
Let’s know more about Unimoni and its services!
How Do You Do an Overseas Money Transfer from Khanna?
You can efficiently conduct an international money transfer from Khanna with Unimoni by following the simple steps below. These steps are as follows.
- Step 1: Find your nearest branch location
Unimoni has almost 307 branches and 15000 agency locations spread all over India. You can easily find your nearest Unimoni branch via the branch locator by choosing the state name and locating it.
- Step 2: Provide the required documents
After choosing your nearest Unimoni branch, you must provide some important documents. These essential documents may include.
- Step 3: Choose your desired currency and denomination
You have to choose your required currency based on your beneficiary's country location and the desired denominations of the currency.
- Step 4: Enter the transaction details
In this step, you must provide the documents and details required for the outward remittance from Khanna. These may include the beneficiary's bank account details, name, ID proof, address, etc.
- Step 5: Pay the transaction charges
You can pay the transaction fees in Unimoni by any mode of payment; these modes may include UPI, cash transfer, cheque payment, credit card, debit card, net banking, etc. Also, Unimoni offers RTGS and NEFT transaction options for larger bill payments.
After the transaction, Unimoni does a quick KYC verification based on the transaction details. After the KYC verification, the money reaches the beneficiary's account at a blocked rate within two business days.
Why is Unimoni the Best Option for Sending Money Abroad from Khanna?
Unimoni is the best option for sending money abroad from Khanna for the following reasons.
- Multi-currency transfers
- Unimoni offers currency converter options.
- Unimoni offers multiple payment options, e.g., UPI, debit card, credit card, net banking, cash deposit, cheque payments, etc. For more extensive payment options, they also provide NEFt and RTGS.
- Unimoni offers competitive forex charges compared to any other bank or forex company.
- Unimoni offers a significantly simplified step-by-step process for online and offline money transfers.
- Unimoni has an Authorized Dealer II license so that anyone can do a swift money transfer from Khanna.
The Unimoni Advantage Over Other Banks & Forex Companies
Unimoni offers seamless International money transfers from Khanna, whether online or offline. It stands out from the other banks & forex companies because of the following reasons.
- It offers a competitive exchange rate compared to any other bank or forex platform.
- It offers multiple payment modes, making outward remittance from Khanna more convenient and accessible.
- It provides multi-currency money transfers.
- It holds an authorized Dealer II license, which enables it to make educational fund transfers.
What Are the Applicable Outward Remittance Taxes?
If you do a swift money transfer from Khanna, you must know the applicable outward remittance taxes. Some of these taxes include.
- GST: One must pay 18% on forex exchange margin and transaction charges.
- TCS: TCS stands for Tax Collected at Source. If the remittance limit exceeds Rs. 7 lakh per financial year, it will be eligible for tax collected at the source. However, there is an exception for educational fund transfers; the deducted TCS reduces rates to 0.5% per financial year for educational purposes.
- CRS/FATCA: Unimoni adheres to all CRS and FATCA compliance requirements for international fund transfers. Hence, the appropriate TDS and file tax are deducted from the Income tax authorities.
Contact Us
By following a few simple, easy steps, you can quickly transfer money via Unimoni. It is a go-to option for International money transfers from Khanna. In case of any queries and doubts, you can always contact us or visit the nearest Unimoni branch, and the representatives will assist you!
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FAQ
Yes, one can conveniently send money from Khanna internationally via Unimoni.
Although bank transfer is the cheapest option, receiving the funds takes 4-5 business days. However, Unimoni offers affordable rates and processes the funds in just two business days.
Unimoni is the best company to transfer money internationally as it offers a significantly simplified procedure of money transfer by which you can conveniently transfer money abroad. We are also authorized by the RBI and hold an AD II Licence.
Unimoni is an excellent money transfer platform by which you can pay someone internationally.
The limit of the RBI (Reserve Bank of India), under LRS (Liberalized Remittance Scheme), is that one can transfer a maximum amount of Rs $2,50,000 (Rs 2 Crores)per financial year.
The cheapest way to send money internationally is via bank transfer, but it takes up to 4-5 business days to process the funds. However, Unimoni offers competitive rates and delivers the funds within two business days.
The documents required for sending money abroad from Khanna include a PAN card, POR statement, Bank account details, ID proof, etc.
Yes, one can quickly transfer money internationally from their bank account via Unimoni.
You can send abroad a maximum amount of Rs 7 lakh per financial year by following RBI's LRS scheme without tax.
Parents can send abroad a maximum amount of $250,000 (Rs 2 Crores) per financial year by following RBI's LRS scheme. Additionally, the maximum amount that they can send without paying any taxes is Rs 7 lakhs.
