At Multimoney Forex, we understand that sending money abroad should be simple, secure, and fast.
Whether you are paying for overseas education, medical treatment, private visits, or emigration fees, our outward remittance service makes international money transfers easy and cost-effective.
What is Outward Remittance?
Outward remittance is the process of sending money from India to a foreign country for a valid purpose under the RBI’s Liberalized Remittance Scheme (LRS). At Multimoney Forex, we help individuals and families transfer funds abroad for:
- Overseas education
- Medical treatment abroad
- Private visits or BTQ (Basic Travel Quota)
- Emigration fees
- Exam fees and tuition
- Emigration consultancy charges
Why Choose Multimoney Forex for Outward Remittance?
We offer one of the best ways to send money abroad from India, online, combining speed, transparency, and great exchange rates. Here’s why people trust us:
- Best exchange rates in the market
- Low transaction fees to maximize your remittance value
- Fast processing so your money reaches its destination quickly
- Secure transfers in compliance with RBI and FEMA guidelines
- Personalized support at every stage
- As an RBI-authorized AD II dealer, we ensure compliance with the highest standards
How to Send Money Internationally with Multimoney Forex
Sending money overseas with us is easy. Here’s how we make sure connecting with us offers the best way to send money abroad
- Visit any Multimoney Forex branch or book your remittance request online.
- Choose your remittance type: education, medical, travel, emigration, etc.
- Provide required documents such as a PAN card, passport, and purpose declaration.
- Confirm the exchange rate and pay securely.
- Track your transfer and receive confirmation
FAQ’s
1. How much money can you send abroad without tax?
Under RBI’s LRS, individuals can remit up to USD 250,000 per financial year without incurring tax. Transfers above this limit may attract TCS (Tax Collected at Source).
2. Can I send money abroad with PayPal or Google Pay?
A common question is, “Can I send money abroad with PayPal?” Or “Can we send money abroad through Google Pay?” The answer is no, outward remittance from India must go through RBI-authorized dealers like Multimoney Forex. Apps like PayPal or Google Pay are not compliant for most personal outward remittance purposes.
3. Is it possible to remit using a credit card?
Typically, outward remittance requires payment through net banking or debit card. Credit card usage may incur high fees and isn’t recommended.
4. Which is the best way to send money abroad?
The best way is through a reliable, RBI-authorized provider like Multimoney Forex. We offer customized solutions for education, medical needs, travel, and more. Moreover, we deliver the best value for your forex needs with competitive rates, convenience, and exceptional service.
Start Your Outward Remittance Journey Today
With 30+ branches across India, Multimoney Forex makes it simple to send money abroad. Our expert team ensures your funds are transferred quickly, securely, and with full transparency.
Visit a Multimoney Forex branch near you or book your international money transfer online to get started today.
Explore More: Outward Remittance and Purpose Codes Explained