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International Money Transfer

International money transfers for family maintenance play a crucial role in supporting family members living abroad. The Liberalized Remittance Scheme (LRS) allows Indian residents to remit up to USD 250,000 per financial year, making it easier to cover essential expenses for family members internationally.

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Family & Student Maintenance Remittance

Eligible Purposes

The LRS permits remittances for a variety of family-related needs, including:

  • Covering household expenses when the primary earner is abroad
  • Providing financial assistance to family members
  • Supporting the living expenses of students studying abroad
  • Repaying student loans
Remittance Process and Mode

SWIFT Transfer is the preferred mode for international remittances, valued for its speed, security, and reliable tracking. Santamonica’s expert team can assist with SWIFT transfers, ensuring a smooth and secure transaction for family maintenance purposes.

Required Documents

To complete a remittance for family maintenance, certain documents are required:

  • An Officially Valid Document (OVD) with the remitter’s address
  • A PAN card copy of the remitter
  • A Retail Outward Remittance Application (A2 Form) cum LRS Declaration
Ensuring Accurate Transfers

Providing accurate beneficiary details is essential to prevent delays. Both the sender and receiver should keep copies of all receipts for future reference.

Why Choose Santamonica for
Family Maintenance Remittance?

Santamonica offers a reliable, secure, and user-friendly remittance service. With expertise in LRS-compliant transfers, Santamonica provides clients with a seamless and secure remittance experience while helping them save on fees. Whether supporting family or covering education expenses abroad, Santamonica is a trusted partner for safe international money transfers.

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