International Money Transfer in Easier Ways with Unimoni
With the numerous authorized channels, sending money abroad from India is a breeze. Compliance with foreign exchange regulations and the production of proper documentation is essential, depending on the reason you want to transfer money abroad. RBI-approved ADs can support outward remittances for eligible causes, including education, medical treatment, travel from a temporary residence, or investments.
If you're initiating an international money transfer from Vemulawada, it's crucial to consider various factors, such as exchange rates, transfer fees, processing times, and the service provider's reliability. So, let's dive into how to initiate a money transfer abroad from Vemulawada with Unimoni.
How to Do Overseas Money Transfer from Vemulawada?
- 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 Vemulawada?
Unimoni emerges as the optimal choice for International money transfer from Vemulawada for several compelling reasons:
- Authorized Dealer-II Status: As of today, Unimoni India is an Authorized Dealer-II. Holding this revered title means it has worked hard and followed all the regulatory standards. This standing creates confidence in customers with secure and compliant international dealings.
- Extensive Branch Network: Due to the vast network of branches in India, including Vemulawada, Unimoni facilitates easy customer access. Presence on such a broad platform creates more accessibility, providing people with the capability to do transactions in quite an easy and efficient way.
- Specialization in International Money Transfers: Unimoni is a pioneer in channelling money abroad for most Indians. Its specialization in overseas remittances makes it a reliable ally for money transfers.
- Competitive Exchange Rates and Minimal Charges: Unimoni India offers competitive exchange rates and low charges for outward remittance, maximizing the amount recipients receive.
- Most Trusted and Secured Service Provider: Unimoni, known for its integrity and security, has many customers because it is the best channel for online money transfers. Unimoni provides a solid shield for customers who depend on it regarding security throughout transactions.
The Unimoni Advantage Over Other Banks & Forex Companies
Unimoni offers distinct advantages over traditional banks and forex companies, making it the preferred choice for outward remittance from Vemulawada:
- Extensive Network: With 307 branches and more than 15,000 agents countrywide, Unimoni commits to having the best reach in India and globally.
- Advanced KYC Stack: The cutting-edge KYC stack offered by Unimoni enables rapid verification of customers' credentials, strengthening security and fostering trust in transactions.
- Swift Payments: Unimoni focuses on timely payments, which are made according to market requirements, and ensures a smooth transfer of funds for individuals and businesses.
- Dedicated Customer Support: Customer support executives who are geared towards helping customers efficiently facilitate transfers and ensure a satisfactory journey between the two banks.
- Specialized Services: Unimoni provides products such as Forex-Travel Cards and Prepaid Multi-Currency Cards, which can be customized to every currency exchange need.
Summing Up
So, what are you waiting for? Have your money transferred with ease using Unimoni. With competitive rates, online tracking, and dedicated support, Unimoni ensures seamless transactions you can trust.
Branch Locator
FAQ
Absolutely! Unimoni offers international money transfer services not only from Vemulawada but also from various other destinations across Telangana.
The best and most affordable way to transfer money internationally from India is to send funds directly from your bank account to the recipient's bank account. However, Unimoni’s automated services ensure quicker services at more affordable rates. We have 307 branches with 3600+ professionals serving over 4.6 million customers. Find your nearest branch by selecting state and area.
Using currency converters in the digital world is safe if one exercises utmost precaution and chooses a reliable, credible, established conversion company, such as Unimo.
Unimo is authorized by the Reserve Bank of India (RBI) and AD II license holder. At Unimoni, we prioritize security and offer real-time currency exchange rates.
To send money internationally via Unimoni, just follow these few simple steps:
Visit the nearest Unomoni branch.
Take the necessary documents, such as ID Proof, POR, PAN card, and Bank details.
Provide the beneficiary's details.
Pay the transaction fees and let Unomoni complete the KYC.
After the KYC authentication, the funds are transferred within two business days.
According to Reserve Bank of India (RBI) regulations, the maximum permissible limit for international outbound transfers is capped at 2,50,000 US dollars per fiscal year.
Bank transfers are the most economical way to finance your international money transfer through Wise. However, Unimoni, as a leading forex company, offers faster overseas money transfers that are cost-effective as well.
The primary documents required to transfer money internationally with Unimoni are your PAN and Aadhaar card. These two documents are the most important for money transfer with Unimoni.
Indeed, you can make a transfer of money from your bank account to another international account. This is generally done through different processes such as wire remittances, online electronic banking sites, or global money transmission systems.
According to the LRS prescribed by RBI, resident individuals are not bound to pay any tax on remitting up to ₹7 lakh in one financial year.
The maximum limit that the resident Indians can remit is $250,00 per financial year. NRE account holders have no maximum limit on remittance.
