Send Money To Your Family Staying Abroad

Blog_128.jpg

Are you eagerly waiting to send money to your loved ones staying overseas? Whether it's for educational expenses, medical needs, or simply sending financial aid, the desire to seamlessly transfer money across borders is a priority for many. With Muthoot FinCorp ONE, your journey towards hassle-free international money transfers and foreign currency transactions becomes remarkably simple and secure.

At Muthoot FinCorp ONE, we understand the significance of a reliable and efficient platform to handle your international financial needs. Our suite of services includes Forex transactions like buying, selling, reloading Forex cards, and sending money abroad, excluding trading activities. What's more? You have the flexibility to choose between a multi-currency card or cash, depending on your preferences and requirements.

100% Secure Transactions and Competitive Exchange Rates

With stringent security measures in place, your transactions through Muthoot FinCorp ONE are safeguarded at every step. Our commitment to providing a secure platform goes hand in hand with offering competitive exchange rates, ensuring that you get the best value for your money.

Convenience at Your Fingertips

Having the ability to access cash, a multi-currency card, or transfer money at any time, from anywhere in the world. Yes, that's precisely what Muthoot FinCorp ONE offers. Enjoy the convenience of purchasing a multi-currency Forex card online and having it delivered to your doorstep. Additionally, you can seamlessly send money abroad (remittance) or reload your existing Muthoot FinCorp ONE Forex card, both online and offline. However, for cash transactions or selling foreign currency, a visit to the nearest Muthoot FinCorp Forex branch might be necessary.

Understanding the RBI Limits and Permitted Purposes

The Reserve Bank of India (RBI) has set a limit for international money transfers under the Liberalized Remittance Scheme (LRS), capped at USD 2,50,000 in a financial year. Understanding this limit is crucial when making your transactions.

RBI permits various purposes for non-trade accounts, which include:

  • Private visits

  • Business travels

  • Medical treatment abroad

  • Overseas education

  • Emigration and emigration consultancy fees

  • Visa fees, and many more

Simplified Processes for Your Convenience

With Muthoot FinCorp ONE, the process of obtaining Forex and facilitating international transactions is simplified for your convenience. Whether it's for education, medical purposes, travel, or any other approved reason, our platform streamlines the entire process.

Muthoot FinCorp ONE ensures that your international money transfers and foreign currency transactions are carried out securely, offering competitive exchange rates and hassle-free processes. With a range of services available online and offline, sending money to your family staying abroad has never been easier.

About Muthoot FinCorp ONE

Muthoot FinCorp ONE is an all-in-one digital financial platform that makes getting an MSME & a Gold Loan, investing in Digital gold & NCDs, making payments & remittances, buying insurance & exchanging forex, simple and convenient.

As an SBU of Muthoot FinCorp Limited, Muthoot FinCorp ONE is backed by a legacy stretching back over 135 years, and the trust of more than 1 crore customers and is building a holistic financial ecosystem using the latest digital products for lending, investing, protection and payments.

Muthoot FinCorp ONE continues to uphold the values of the parent, the Muthoot Pappachan Group (Muthoot Blue) by providing its customers with easily accessible services, replete with unmistakable quality. The Muthoot Pappachan Group is among India’s most reputed names in the financial services industry, with customers in diverse segments like Automotive industry, Financial Services, Hospitality, Alternate Energy, Real Estate, and Precious Metals.

So what are you waiting for? Head to the Muthoot FinCorp ONE website today to know more.

Alternatively, you can also follow us on Facebook, Instagram, Twitter or LinkedIn to stay tuned to our latest offerings.

Chat on Whatsapp | Branch Locator | Email us - customercare@muthoot.com | Download App