International Money Transfer in Easier Ways with Unimoni
Money transfer across the borders from a city like Gorakhpur has its issues and complications, along with its own set of rules and regulations. Taking you out of this troublesome journey, where you feel lost and cannot decide the correct way to send money from Gorakhpur to abroad, Unimoni is your one-stop solution.
With Unimoni, you are assured of safety, security, and reliability like no other. Along with trust factors, Unimoni comes with competitive exchange change rates that help you crack the best international money transfer deal possible. Let's discuss how you can send money internationally using this platform.
All You Need to Know About Money Transfer from Gorakhpur
The outward remittance process is directly controlled by the variable nature of exchange rates. Hence, this has to be considered before the send money abroad process. The first step and also the most crucial step is to inquire. Having in-depth proper information about the rates of interest, time taken, safety factors and the speed of transaction is important. In the procedural necessities, you will be asked to state the reason for the transfer.
Alongside this, you will also have to highlight the reason for the international money transfer. A proper competitive study between different exchange platforms is necessary in this regard.
Unimoni to the Rescue for All Transfers
The most trustable way to send money from Gorakhpur is by using reliable and secure international money transfer services. Unimoni tops the list of platforms for sending money from Gorakhpur, in all known parameters. It caters to all needs like sending money for family, educational fees, or even bill payments. All you need is to get to the Unimoni website and get started. The entire process is safe, secure, and hassle-free. As it is a trusted partner, the outward remittance from Gorakhpur provided is Swift and secure.
- A Hassle-free Process
You can start the process of international money transfer easily from your house as it is available 24/7. All you have to do is log into our user-driven simple-to-use website and select the send money abroad option. After which you have to choose your abroad location as the destination and fill in the required details. And yes, your process is completed without any difficulties.
- Multiple Payment Options
Unimoni does not leave any stone unturned when it comes to the ease of functioning for the user. It allows transfer through various options like UPI, cash deposits, debit cards, net banking, and much more. For even larger amounts, NEFT/RTGS payments can also be made.
- Security factor of transferring
Once all the procedures are completed from your side, we will transfer the money to the international account number within 1-2 business days only. This speed is only possible through a robust global financial market.
Transferring Money from Gorakhpur through Unimoni
Unimoni has a very user-friendly interface that ensures transparency in your international money transfer procedures. The reliability factor ensures that the money is credited within the stipulated time frame. The tracker on the app allows you to stay updated on the go.
International money transfer from Gorakhpur is quite a simple process with Unimoni. To send money abroad from Gorakhpur with the help of Unimoni, one needs to follow the following steps:
- Visit branch: Contact the nearest Unimoni branch that is available in your locality in the Gorakhpur region. Their locations are also displayed online and you can also call their customer service to get more information.
- Provide details: Include the details about the beneficiary such as the name of their name, bank account details, and also mention the country where the funds need to be sent.
- Amount and currency: Enter the amount and the currency that you wish to send.
- Complete the forms: Fill up all the necessary forms that need to be done to complete the process of overseas money transfer.
- Submit funds: Enter the amount of money you want to transmit along with any related fees and the online money transfer will be done.
- Receive transaction receipt: Upon completion of the transaction, you will have a transaction receipt with the transaction details of your overseas money transfer and reference number.
- Tracking: The reference number given helps you in checking the status of your overseas money transfer.
- Recipient receives funds: The recipient will receive the amount sent, within the stipulated period. This might take either 1-2 business days or the time might vary depending on the banks that are involved in this process or the processing time of the banks.
Transfer Options from Gorakhpur to Abroad
Other than the payment itself, the procedure used also plays a great role in deciding the time limits for transactions. Some options provided are instant, and some take comparatively more time. Throughout the year, our users entrust us with over $5 million of transfer funds. This entire procedure is kept vigilance through a data-specialized and anti-fraud team. Let's have a look at the varied paperwork required to send money for different reasons.
- Overseas Education
Covering up for the educational fees for a family or relative will include a swift money transfer from Gorakhpur for semester fees, accommodation charges, and more. This can be done swiftly using a platform like Unimoni.
Limit: The Reserve Bank of India has a set of guidelines that need to be followed for online money transfers. Indian residents are only allowed to transfer up to USD 250,000 every financial year. Following the union Budget of 2020-21, the financial bill has undergone amendments. Under this, a taxation of 5% is levied on amounts over 7 lakhs. TCS is maintained at 0.5% on remittances funded by financial institutions.
- Emigration
Indians shifting to abroad permanently or temporarily, require fluid money transfers. Unimoni comes in handy for this process to support all living expenses. As per requirement, one can also send money back to India in the same way.
Limit: A person who wishes to immigrate overseas may now withdraw foreign cash up to USD 250,000, or the amount specified by the government for emigration.
- Family Expense Management
If you have aging parents or other family members living internationally, sending money at regular intervals is a necessity. Unimoni can help you with fulfilling your responsibilities in India. Extra security is provided for larger cash amounts that are transferred
Limit: Under the LRS, Indian residents are permitted to send up to USD 2,50,000, or equivalent amounts, overseas once a financial year.
- Gift Purposes
This is a recreational purpose for which money might be required to be transferred from Gorakhpur to abroad, and Unimoni is your best pick.
Remittances under the 'Gift Remittance' category are limited to $250,000 per resident. Any amount sent under the category of "gift remittance" which is more than Rs. 7 lakh would be subject to TCS at a rate of 5%.
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Money transfer service from Gorakhpur to abroad can be a difficult and mind-racking process. It involves transfer fees and can be a stressful and confusing process. It involves transfer fees, exchange rates, speed, amount, and other factors that require proper attention.
Besides this safety issues also need to be considered. Unimoni is the one-stop solution for all of these processes. It is a great pick for outward remittance as it provides affordability and service simultaneously.
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FAQ
People in Gorakhpur can send money to different countries using various methods including banks and offline outward remittance services provided by Unimoni, taking varying fees and time.
In Gorakhpur, India, the most affordable way of sending money abroad is usually through Unimoni; they offer more secure services.
Unimoni, with its unique characteristic features, fees, exchange rates, and flexible money transfer process, offers the most efficient international money transfer services in India.
International payments to an individual can be executed via bank wire or online payment platforms. In-person transfer providers are also a good option, especially when there are branches of Unimoni and major cities of India.
With Unimoni, you get the cheapest means of foreign currency transfers from the Gorakhpur region of India at the most competitive exchange rates with the lowest fees and within 2 working days.
As a rule, people who are sending money from the Gorakhpur district of India to another country have to present their documents like identity cards, PAN card, passports, Aadhaar Card, etc.
Yes, locals in Gorakhpur can transfer money internationally from their accounts through various channels like wire transfers and online banking, as well as carrying out the transfer in person.
The exemption limit for a person who is willing to send money abroad varies from country to country, and the purpose of the transfer, with Unimoni, also varies. As per the RBI Liberalised Remittance Scheme, you can send money abroad without tax up to INR 7 Lakhs.
A maximum of $250,000 or INR 2 crores can usually be sent from India to abroad every financial year.
