International Money Transfer in Easier Ways with Unimoni
Unimoni is one of the most trusted and reliable financial service providers in foreign exchange and travel services. We adhere to Reserve Bank of India guidelines and hold an NBFC and AD II license that makes international money transfers from Salem smooth and hassle-free for consumers.
Let’s get to know more about Unimoni's work, which can help you send money abroad efficiently!
How Do You Make Overseas Money Transfers From Salem?
Unimoni, with its 300+ nationwide branches and 15,000+ agents, makes it easier for you to make overseas money transfers. Also, it's two-factor authentication, and the anti-fraud team ensures secure and quick money transfers across their worldwide network in 160+ countries.
The following is the process of making an overseas money transfer from Salem:
- Step 1: Go to the Nearest Unimoni Branch
Unimoni has an extensive network all over India. We extend service across 300+ branches and 15000+ agent locations. To find the nearest Unimoni branch, use the branch locator. You just have to enter the state name, and you will get the nearest branch.
- Step 2: Submit the Necessary Documents
You must keep all the relevant documents to initiate a seamless international money transfer.
- PAN Card
- ID Proof (Aadhaar Card/Passport/Driver's license)
- Bank details of the beneficiary
- Step 3: Pay the amount and the transaction fee During your first international money transfer, Unimoni need to verify your KYC details. KYC is a mandatory regulation that helps prevent fraud and money laundering. Unimoni makes the KYC process straightforward. After the transaction fees are received, the recipient will get the amount within 2 working days.
Why Is Unimoni The Best Option To Send Money Abroad From Salem?
- Smooth process flow
Unimoni, one of India's leading forex service providers, makes it smooth for its consumers to make outward remittances from Salem to their desired destination with uncomplicated documentation, which makes it the best among other financial service providers.
- Personalized interaction
Unimoni offers one-on-one interaction with remitters, and this process is done by a consumer-friendly customer support team that makes the process uncomplicated for the remitter to send money internationally.
- Quick transaction with unbeatable exchange rates
With a worldwide spread network in 160+ countries, Unimoni offers swift money transfers from Salem within 15-30 minutes or maybe some days as per the availability of currency and destination country; providing such best-in-class services makes Unimoni a reliable global financial service provider. Also, Unimoni offers its customers competitive exchange rates, ensuring maximum transaction returns.
Reasons for Outward Remittances from Salem
You can make outward remittances from Salem for different reasons. Some of them are as follows:
- For gifting purposes
Under the Liberalized Remittance Scheme (LRS), a remitter can make international money transfers from Salem for gifting purposes at a particular tax slab of 5% for a transaction over INR 7 lakh, and the tax levied is Tax Collection at Source (TCS).
The following documentation is required to make a gifting remittance:
- Officially valid documents of the remitter, an Indian resident with valid ID proof
- A PAN card is a must to initiate the process
- A2 form (outward remittance form)
- The well-being of the family
As per the Liberalized Remittance Scheme, a resident of India can remit up to USD 250,000 to make remittances in the maintenance of family remittances category. Unimoni offers its consumers swift money transfers from Salem with safe and quick transactions, direct credit to the overseas bank holder account, and much more.
The following documents are required:
- The PAN card of a remitter is essential to initiate this process
- An officially valid document (OVD) with a valid ID proof like a Passport, Aadhaar card, etc.
- An outward remittance form (A2) is a must.
- Higher education
As per the Liberalized Remittance Scheme (LRS), a remitter can make money transfers up to a limit of $250,000 (Rs 2 crore) per financial year as RBI prescribes. For educational expenses, the remitter must pay 0.5% tax on transactions above Rs 7 lakh financed by an education loan.
Documents required for overseas education are
- Official valid ID proof with the address.
- Admission letter from authorized university.
- Student visa and other essential documents.
Contact Us
Unimoni provides its services in over 160+ countries worldwide. We are one of the top-most global forex service providers that adhere to the Reserve Bank of India (RBI) guidelines and hold an NBFC and AD II license to make remittances quickly and securely.
Unimoni is popularly known for its secure transactions worldwide and consumer-friendly relations. You can contact us for further queries related to money transfers.
Branch Locator
FAQ
Unimoni provides consumers with multiple payment options, such as offline and online money transfers via UPI, Credit/Debit cards, cash, cheques, and many more.
Unimoni allows users to check their transaction status by referring to the processed acknowledgement. Through the receipt or reference code, the user can avail of this service at his convenience through a mobile app or by contacting the administration.
Per the Liberalized Remittance Scheme (LRS), a remitter can remit up to $250,000 (Rs 2 crore) per financial year to send money abroad. Unimoni follows all the norms and legalities to transfer money abroad; therefore, it can be trusted and relied upon for international transactions.
Depending on the purpose of transactions, the documents required to make international money transfers may vary and will be specified by Unimoni's branch agents. Unimoni guides its consumers for a smooth process and ensures a hassle-free money transfer experience. Usually, you must submit a PAN Card, ID Proof (Aadhaar Card, passport, driver's license), & Bank details of the beneficiary.
Unimoni offers multiple payment methods, including bank transfers, digital banking payments, money exchange, and more. To ensure its customers' convenience, Unimoni allows its customers to make international money transfers through various methods.
Under the Reserve Bank of India's Liberalized Remittance Scheme (LRS), Rs 7 lakh can be transferred tax-free each financial year. You can contact Unimoni to safely and quickly transfer money abroad. Contact unimoni for a smooth and successful money transfer.
To send money abroad from Salem, a remitter must provide essential documents like valid ID proof with an address, the purpose of the remittance, beneficiary account details, and much more. Unimoni guides its customers on all documentation-related queries.
Unimoni has been catering to the needs of its customers in the industry for more than two decades. It has satisfied the consumers and has made money transfers quick and smooth.
For outward remittances meant for educational purposes under LRS, no TCS applies up to Rs. 7 lakh per financial year. However, if the funds come from an education loan sanctioned by an approved Indian financial institution, a concessional TCS of 0.5% applies to the amount exceeding Rs. 7 lakh. On the other hand, if the funds are not coming from an education loan, a TCS of 5% applies to the amount exceeding Rs. 7 lakh.
With more than two decades in the global financial services field, Unimoni has an international base of 4+ million customers and a record of over 3 billion money transactions.
