International Money Transfer in Easier Ways with Unimoni
Unimoni meets these challenges. Lauded as one of the fastest-growing and the most secure international money transfer platforms, Unimoni provides online money transactions from Kazhakootom. This exquisite Unimoni service is designed to wait a short period with added comfort. These elements match the requirements of such a fast-moving environment.
So, how do we pull that off? The sections further explain the Unimoni service from Kazhakootam.
How To Make International Money Transfers from Kazhakootom Via Unimoni?
Are you sick and tired of dealing with the difficulties accompanying online money transfers between countries? Your search ends here! Unimoni’s simplified process is the solution. You can forget about the irritation of international money transfers. More importantly, our focus on you and your money is safe and well taken care of, which also puts you in the position of trusting us to handle your hard-earned coin.
Here's how you can send money internationally from Kazhakootom to any country abroad with Unimoni:
- 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 Kazhakootom?
- Extensive Financial Services- Cumulatively, the company has been around for 25+ years and has a broad portfolio of financial services. Working in more than 160 countries and extending its reach to over 300 sites in India, it provides various services such as foreign exchange, fund transfers, money transfers, loans, and insurance.
- Efficient and Secure Transactions- Unimoni saves time by fast transaction processing, in most cases done within 15 – 30 minutes. Recognising its outlets' broad base and accessibility, clients can do online transfers without physical cash.
- Trustworthiness and Assurance- Prospective clients can be assured that they are dealing with Unimoni, an honest organisation with the status of Authorized Dealer-II granted by the Reserve Bank of India as per India's Banking regulations. This accreditation certification indicates that Unimoni is dedicated to upholding safety and security and reducing the chances of financial fraud.
Applicable Taxes on Outward Remittances from Kazhakootom
Unimoni employs a precise method and observes all tax regulations, adhering to transparency throughout the functioning of the business. We levy an 18% GST on transaction fees and exchange margin, which the monetary authority transfers to the country’s finance department.
Unimoni always respects FATCA and CRS regulations and withholds Tax Deducted at Source (TDS), which are required to provide transparency.
In the prior fiscal year, Unimoni ensured 5% Tax Collected at Source (TCS) for transfers above Rs 7 lakhs each to curb the outflow of tax funds.
Stressing the commitment to complying with the FATCA and CRS requirements, Unimoni deducts the taxes and submits the tax report to the relevant authorities.
Consequently, the remittances received from banks are also charged at a rate of 0.5% USD (TCS rate), which is applicable for any amount over Rs 5000, especially for the ones related to overseas education. This shows that the platform fully pays taxes according to the government, and taxing forex margins or transaction fees aids in creating transparency and regulatory compliance in the financial industry.
Contact Us
Today, there are many choices for international money transfers with affordable transfer rates. Nevertheless, it is the question of safety, reliability, speed, and affordability that Unimoni becomes the priority. Your choice of waiting for our customer services or browsing our website /app for other money transfer services will leave an outstanding experience.
If you are searching for one, look no further than Unimoni! Our transaction speed is benefited by our excellent exchange rates and our online currency converter tool- with no transaction fees at all! Contact us for any queries or to know more details.
Branch Locator
FAQ
Yes, Unimoni transfers money to all the major countries and has become a popular way to transfer international money from Kazhakootom. Contact unimoni for a smooth and successful money transfer.
To enact an overseas money transfer from Kazhakootom, one requires documents like identification proof, PAN card, bank details of the beneficiary, and address proof, which are crucial for smooth operations.
Unimoni eases international remittance by offering affordable, user-friendly, fast, and secure money transfer solutions through its digital platforms, banks, and dedicated services. Visit any of our branches. Use the branch locator to find your nearest branch. Our staff will take care of the rest.
Through India’s Reserve Bank Remittance Scheme, personal cross-border payments can be carried out for various purposes, with a yearly limit of $250,000 (approx. INR Rs 2 crore) per person.
Unimoni is an RBI-authorized AD II category license holder that offers the best rates and the fastest service available. It is also known to be the most trusted and secure mode of currency exchange.
Bank transfers are considered the cheapest, but they take up to 4-5 business days. However, Unimoni has low rates and minimal fees and processes the funds in two business days.
As per the reviews and RBI authorisation, Unimoni stands out as one of the best companies to transfer money internationally, with 24/7 customer support and language support worldwide.
Through the Liberalized Remittance Scheme, one can remit up to Rs 7 lakhs overseas without worrying about taxation, giving him much-needed flexibility and convenience in online transferring.
Unimoni is awarded for reliability, transparency, speed, and low cost, making transactions safe and cost-effective. Unimoni is an RBI-authorized financial institution and AD II licence holder. Your money is safe with us!
At Unimoni, we prioritise your safety. Our anti-fraud team works efficiently in order to keep everything secure. Unimoni is an RBI-authorized financial institution and AD II licence holder. You dont need to worry at all!
