Outward Remittances
In today’s global era we live in a connected world which allows us to work from any part of the world. We are provided with opportunities and possibilities to fulfil our dreams and live a life we really want. However, many a times, we still struggle with the basic needs of remitting money back home to our family and friends. If you are one of such people who live far from home and wish to avail a smooth cross border money transfer service, we can help you to make it possible.
An outward remittance I a wire transfer for people who work abroad and wish to send money back home. This service also allows you to pay for any ongoing monthly financial commitments and to support your family. You can make such outward remittances with us and avail smooth transaction and best customer services. To avail the services, you need to take care of only a few important steps like:
- Selecting the services you want to avail
- Identifying information you need to send your remittance
- Arrange for an outward remittance with us
- Gather data of recipient or beneficiary of your transaction
Outward remittance refers to transferring of funds in the form of foreign exchange by a person from India, to a beneficiary outside India (excluding Nepal and Bhutan) for any bonafide purposes that is as permissible under Foreign Exchange Management Act (FEMA), 1999. Be it supporting your children’s education abroad or gifting loved ones on their important occasions who are sitting miles away from home, or remitting happiness to your dear ones anywhere in the world, Outward remittance is the answer to all.
Sending money from India, overseas is made possible through outward remittance. At Kumar Investments Solutions, the benefits though are:
- Remitting money through wire transfer and foreign currency demand draft
- Remittance facility available through the online channel
- Simple, reliable, and quick way to send money outside India
- Available in different currencies
- Competitive exchange rates
- Faster and hassle-free remittances