International Money Transfer in Easier Ways with Unimoni
In a time when globalization is commonplace, economies are integrated, and international money transfer has grown more critical. Whether funding education overseas or helping family members in other parts of the globe, enabling fund transfer in this age of globalization is necessary. Madhuban, an exciting town in Bihar, India, has observed a dramatic rise in the need for swift and reliable overseas money transfer services.
Have you ever wondered how Unimoni has developed into a guidepost of convenience and cost-effectiveness in the picture of outward remittances? Read further to discover how Unimoni has simplified the international money transfer procedure.
How to Transfer Money Overseas from Madhubani?
Follow these simple and transparent steps for an easy international money transfer:
- Understand RBI Guidelines:
You must be well versed with the RBI guidelines, which are meant to safeguard the foreign exchange by barring individuals and entities from sending beyond $250,000 in one fiscal year for specific reasons such as medical, business, education, leisure, donations, or gifts.
- Choose Your Channel:
Consider the means of disbursing your outward remittance, you want to use it visit the branch. Unlike others, Unimoni provides remote remittance services at a lower cost.
- Gather Necessary Documents:
Collect the documents needed for the outward remittance. These usually include:
- Permanent Account Number (PAN) Card: Ensure you have your PAN card.
- Original Receipt/Bill/Fee Slip: Render documents containing financial information relevant to the designated purpose of the transfer.
- Proof of Adequate Funds: Show proof that you have sufficient funds in your bank account.
- Form A2: The purpose of this form is to inform the RBI about the foreign exchange transactions that are undertaken.
- Choose Purpose and Category:
Include the purpose for the transfer and the type of international money transfer. It could also be education, medical expenses, business visits, etc.
- Verify Information:
Double-check the details in the form to ensure they are all correct. Any mistake is likely to cause a delay in the transfer process.
- Submit Documents and Forms:
Submit the allotted documents to the appointed service provider along with the application forms. This is usually achievable via a physical visit to a bank branch or post office or by electronically accessing online platforms.
- Receive Confirmation and Receipt:
Once the transfer is completed, ensure you get a notification of the transfer with the receipt. This documentation is vital for future reference & record-keeping purposes.
Why is Unimoni the Best Option for Sending Money Abroad from Madhubani?
Unimoni, an NBFC with an AD II license under Reserve Bank of India (RBI) provisions, deals with services like international money transfer, foreign exchange, payment solutions, etc. Unimoni has provided such services for over 23 years, processing around 70,000+ transactions annually.
Here is what makes Unimoni the best option for international money transfers from Madhubani:
- Customer-Friendly Charges:
Unimoni has the utmost customer satisfaction and lowest-priced charges compared with its competitors. By providing transparency, it allows the customers to be aware of the fees charged for a particular transaction.
- Best Exchange Rates:
One of the critical features of Unimoni is that it provides the most favourable exchange rates for international money transfers. Through sustainable competition and constantly favorable prices, Unimoni can add value even to the least significant transaction for its customers.
- Continuous Support:
As a major part of this organization's success, Unimoni has been pursuing its goal of offering round-the-clock customer support. Whether you are wiring funds home or transacting with family, Unimoni's courteous customer care unit will be there for you throughout your transaction. Client assistance as a priority contributes towards an easy and relaxing user experience.
- Extensive Network:
Unimoni's extensive network illustrates its reliability and influence. Having established a widespread network with 307 branches and 15,000 agency locations throughout the country, Unimoni can provide its customers with quality services concerning their specific needs.
Get in Touch with Us
Willing to instantly eliminate all the hurdles and difficulties of transacting via international money transfer from Madhubani? Kindly visit the Unimoni branch near you with the necessary documents. To find the nearest branch, visit the branch locator.
Branch Locator
FAQ
To transmit money abroad, you will require a Passport, PAN card, outward remittance form, bank statements, supporting documents for the remittance (tickets, invoices, etc.), and Form A2. Furthermore, you should also comply with the anti-money laundering and KYC guidelines.
Yes, you can transfer money internationally from your Indian savings account via a SWIFT transfer with Unimoni.
Yes, you can contact your bank and request a wire trace using the SWIFT number. The bank will use this information to check if the money is transferred or still in a pending state. This is where Unimoni comes in, as it can help you with every detail via its payment tracker. Contact us for more.
The expenses for living, travel, medical bills, education, gifts, donations to charitable organizations, etc., usually are not taxed. However, the law varies from country to country.
As per the Foreign Exchange Management Act (FEMA), taxes are not applicable if you send funds, among others, to your children, spouse, parents, siblings, linear descendants/ascendants, or your spouse's siblings. But, transactions with anyone other than those exempted by these guidelines will be taxable above Rs.50,000.
The Reserve Bank of India (RBI) has prescribed a financial year ceiling of $2,50,000, which applies to personal and business-related transactions.
Bank transfers are usually the most affordable option for outward remittances from Amalapuram. Unimoni offers an immediate transfer compared to a bank transfer, which may be much slower. A bank transfer may take 3-5 business days, much shorter than in Unimoni, which is 2 business days.
Yes, Unimoni facilitates direct transfers from your bank account, providing a seamless and secure process for international money transfers.
The sender should make sure to give the accurate details of the receiver. Keep all receipts, such as the ROI, the payment confirmation receipt, etc., handy for future reference.
RBI provides licenses to many financial institutions that are regularly audited by them, keeping them well-versed in the latest rate changes and guidelines and making them accountable for providing reasonable rates. Unimoni is an authenticated service provider with an authorized Reserve Bank of India license.
