International Money Transfer in Easier Ways with Unimoni
Overseas money transfer can be a complicated process for some, so finding a trustworthy company to help us do so is essential. Unimoni is one such money transfer medium you can follow unthinkingly to send money abroad. From cost to speed required in outward remittance, there are numerous other benefits offered by Unimoni.
If you currently reside in Patiala, India and are looking for the safest option for outward remittance from Patiala, then you are in the right place. Unimoni has many branches spread almost all over India. It helps with online money transfers quickly, swiftly, and reliably.
Let's go through how Unimoni works in overseas money transfers.
How Does the Overseas Money Transfer Take Place from Patiala?
Unimoni has a significantly simplified process of international money transfer. Unimoni ensures that the amount transferred is received on the recipient's account within time .
- 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 for Sending Money Abroad from Patiala?
Because of its cost and speed, Unimoni is the best option for money transfer services from Patiala. Take a glance at some of the benefits provided by Unimoni:
- Favorable Ways of Payment Platforms
There are various ways of payment provided by Unimoni, such as UPI, debit card, credit card, cheque and cash deposit. There are also options for NEFT and RTGS for more significant transactions.
- Affordable Currency Rates
Unimoni is one of the best money transfer platforms among India's other forex platforms, offering affordable exchange rates. You can also look at currency rates at our handy online currency converter.
- Systematic Approach
Unimoni has made international money transfers from Patiala easier and quicker by following a systematic approach and better processing. By following the above step-by-step guidelines, you can easily send money abroad at Unimoni.
- Quick and Hassle-Free Transfer of Funds
Unimoni helps in the quick and effortless transfer of funds. Once the processing is completed, the recipient receives their funds within two business days after a quick KYC verification.
Purposes for Sending Money Abroad from Patiala?
- Immigration
Unimoni makes it easier to send or receive any preferred currencies and denominations. It also emits Visa costs and permanent resident fees. Withdrawals up to 2,50,000$ under the emigration government-designated threshold are allowed.
- Gift Purposes
Unimoni has made it easier to send money for gifts to loved ones staying abroad. You must maintain the RBI's LRS program on these transfers for gift purposes. Adding a note can make your money transfer more exciting and personalized.
- Family Maintenance
Unimoni provides a dependable way for those living in Patiala to satisfy their financial obligation in many currencies, even for families living abroad. RBI's LRS scheme offers a maximum amount of 2,50,000$ each financial year for family maintenance.
- Transferring Overseas Education Funds
Unimoni makes it easier and hassle-free to process education fund transfers overseas, such as international schooling, home rent, etc. The family members can swiftly transfer money from Patiala without any stress or interruptions.
The Liberalized Remittance Scheme (LRS) launched by the Reserve Bank of India has made it much more manageable. Under this scheme, Indian citizens can send up to 250000 every fiscal year.
Wrapping Up
As we can learn in this section, Unimoni is one of Patiala's most convenient and hassle-free methods of outward remittance. One can easily send money abroad by following simple steps and necessary guidelines restricted by the Reserve Bank of India.
Unimini is a reliable service provider that helps in swift money transfers from Patiala. It is spread all over India; you only need to select a nearby Unimoni branch and visit them.
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FAQ
Yes, you can transfer money internationally from Patiala through banks, RBI Authorized foreign exchange providers or any other money transfer service provider like Unimoni.
The cheapest way to send money abroad from Patiala, India, is through Unimoni. We offer the most cost-effective solutions for sending money overseas in hours.
Unimoni is one of the best companies for transferring money internationally. It follows a few simplified methods to send money internationally, making it an easier and faster way to transfer international money from Patiala. We are authorized by the RBI and hold an AD II Licence.
Unimoni is one of the most trustworthy and convenient ways of money transfer that helps to pay someone living abroad. It is also one of the best ways to transfer money from Patiala without hassle other than banks and foreign exchange providers.
The Liberalized Remittance Scheme (LRS) launched by the Reserve Bank of India allows Indian citizens to send up to 250000$ (2 Crores) every fiscal year.
Unimoni offers the cheapest international money transfer service compared to traditional banks and financial institutions. Unimoni offers forex services at an affordable cost in a hassle-free manner.
The documents required for sending money abroad from Patiala include a valid ID proof card, proof of address, bank account details, PAN card, etc. Unimoni is one of the convenient ways to send money abroad from Patiala by providing all these mandatory documents.
Yes, swift money transfers from Patiala are now available using Unimoni, a quick and easy money transfer service provider using your bank account.
You can send up to Rs 7 lakh every fiscal year by following RBI's LRS program without tax deductions. If you surpass this amount then tax is levied.
Your parents can send up to $2,50,000 (approx. INR 2 crore) every financial year by following RBI's Liberalized Remittance Scheme. However, only a remitted amount of INR 7 lakhs is tax-free. Above this, a 20% LRS tax would be levied.
