International Money Transfer in Easier Ways with Unimoni
The need for outward remittance may arise for anyone, be it for your child's higher education or medical treatment or helping relatives and family which has resulted in the growth of overseas money transfer. With the world becoming more and more interconnected the process of outward remittance has gained significant importance. People might choose to live, study or settle abroad. In many cases, the need to send money abroad arises in such situations.
When it comes to overseas money transfer, Unimoni is one of the RBI-authorized money transfer services in Bhubaneswar and it is reliable and reputed.
The complexities faced by people to send money abroad such as different banking systems and currency values are getting solved by Unimoni. The efficiency and comfort provided by Unimoni makes it the ideal option to transfer your money abroad.
How to Do Overseas Money Transfer from Bhubaneswar using Unimoni?
Money transfers from Bhubaneswar to other countries can be done through a bank, post office or via a forex service provider like Unimoni. The RBI has set a maximum limit of remittance which is $250,000 (approx. INR 2 crore) per financial year and the transfer of money is thus also regulated by RBI.
Overseas money transfers from Bhubaneswar can be initiated from the comfort of your home through online or offline processes. Unimoni makes the process of sending money abroad very convenient by funding the transfer through various secure payment options. Payments can be done through debit or credit cards, UPI, deposit cash or cheques, and for large transfers NEFT or RTGS payments can also be done.
Reasons for Overseas Money Transfer from Bhubaneswar
People send money abroad for various reasons. Some of them are listed below:
- Family Support: This is one of the most common reasons for outward remittance. People send money abroad to support their family members which may include spouses, children, siblings, parents, or other close relatives. Money transfers could take place for daily expenses, medical bills, education, etc.
- Education: Many young children prefer to study abroad nowadays. Hence, education is another common reason why people send money abroad. Financial support, tuition fees, living expenses, and other costs of studying abroad are looked after through overseas money transfers.
- Business Transactions: Businessmen are often required to send money abroad and conduct business transactions which may include payment on goods and services, overseas venture investments, or transferring funds to employees and contractors working in a different country.
- Travel and Tourism: Payments on flights, accommodation and other expenses while traveling in foreign countries could be another reason for money transfers for such travel and tourism activities.
- Retirement: People who might retire in foreign countries may need to send money regularly to support themselves financially and also require money transfer services.
Documents Needed for International Money Transfer from Bhubaneswar
Different money transfer ways require a set of documents to send money internationally. They have been discussed in detail below:
- For overseas education - These transactions are processed after verifying the remitter's PAN card, KYC and university offer letter.
- Emigration Remittances - PAN card copy, emigration visa, retail outward remittance application form (LRS declaration or A2), and passport copy.
- Family maintenance - PAN card copy of the remitter, Form A2 and any Officially Valid Document along with the address of the remitter.
- Gift purposes - OVD with the address, along with a PAN card copy, and form A2. Although the service provider will also require other KYC documents.
Procedure to Transfer Money Internationally from Bhubaneswar
The procedure to send money from Bhubaneswar to places abroad is simple.
- Step 1: Visit any Unimoni branch:
Start the journey by locating the Unimoni branch which is nearest to or located in Bhubaneswar itself. Take a look at our website or contact our customer service to learn about their locations or online money transfers.
- Step 2. Submit your ID and address proof:
After going to the branch, you'll be required to present your identification and residential proof documents. The required documents may be your passport, driver's license, aadhar card or any other government-issued ID along with a utility bill or rental agreement for address verification.
- Step 3: Provide beneficiary's details:
Provide all the relevant details of the beneficiary as well as send money from Bhubaneswar. The beneficiary’s full name, address, bank account details, and the currency of the particular country are required for the conversion of currency.
- Step 4: Pay the fees:
While doing international money transfers via Unimoni, a certain amount of service fee is charged which needs to be paid. The fee differs, depending on various factors.
- Step 5: Confirmation:
After all the steps have been completed, Unimoni will confirm the transaction details. Once everything is verified, they will proceed to send money abroad.
- Step 6: Receipt and tracking:
Unimoni shall issue you a receipt or a transaction reference number for your transfer. It also helps people trace the progress of the transfer in case of any queries or follow-ups regarding the transaction.
Apart from branch visits, concerned persons can also choose to do online money transfers to send money from Bhubaneswar abroad.
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With Unimoni’s services, the assurance of fast and efficient money transfer is guaranteed. Unimoni also provides the best exchange rates and cheapest fees. Keeping everything in mind, it is also vital to go through all the details provided properly. Documents, payment methods, etc should be thoroughly understood before choosing one for a money transfer. Contact your nearest Unimoni branch today for more details.
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FAQ
Yes, you can transfer money internationally from Bhubaneswar using Unimoni’s money transfer services. Explore Unimoni’s website for further information. Just visit your nearest branch by using our branch locator. Carry all necessary documents and our representative will help you with the transaction.
The cheapest way to send money abroad from Bhubaneswar is by transferring funds through Unimoni using offline branch-visit services. We offer the best transaction rate and assure no hidden fees.
Unimoni is one of the best companies to transfer money abroad because it is fast, secure, and efficient, has the cheapest rates, and exchange rates for money transfer. All these benefits make Unimoni an important and great service company. We are an AD II category licence holder authorized by RBI.
The essential documents required for any money transfer from Bhubaneswar to abroad are a PAN card, OVD and Form A2. Any other extra required document will be mentioned along with the details of a specific money transfer.
The maximum amount limit set by RBI is INR 700,000 per financial year to send money abroad, as per the LRS limit.
It takes not more than two business days for Unimoni to complete an international money transfer.
Money transactions are very carefully done through Unimoni. However, in any case of issue or delay, the service providers should be contacted so that the issue can be resolved.
Yes, a PAN card is a mandatory document that is needed during the international money transfer process.
Yes, you can transfer money to Canada from India via Unimoni. Just visit your nearest branch by using our branch locator. Carry all necessary documents and our representative will help you with the transaction.
Yes you can check the status of your international money transfer process.
