Are you facing issues while sending money abroad? Has your account on a forex platform got blocked? Thinking about how you will successfully send money to your near and dear ones abroad? To save your account on any forex platform from getting blocked, you need to show awareness and pay attention to certain factors. Before you send money abroad from Punjab, you should pay attention to the following things so that your account does not get blocked - 

Things To Do While Sending Money Abroad

1. Always send money through an authorized Forex dealer - One of the reasons users’ accounts get blocked frequently is because of the inappropriate authorization of the forex platforms. Try to opt for a forex provider who is authorized by the Reserve Bank of India. Before you make any transaction through any portal, make sure to have a background check and have information regarding their registration. The Reserve Bank of India regulates the foreign currency exchange market of India. Hence, it is best to opt for their authorized forex companies. 

2. Do not use multiple accounts - When you are using too many accounts at the same time, it is likely that your live account might get blocked. If you try transactions through too many accounts, the system will automatically detect violations. When several accounts are registered with the same mail account or name, then the users might get problems. 

3. If you are choosing a foreign country, which is not listed - Several times, customers lodge complaints like they have followed all the required steps and used only one account but still, they found that their account got blocked. One of the most common reasons for that is choosing a place that is not listed on the platform of the chosen forex company. Each forex company has a chosen list of countries. Hence, before you make the transaction, make sure to check their service page. 

4. Information is not listed or the other given information is not matching - This happens generally when the submitted documents are detected with several glitches. Inappropriate data and lack of authentication (if detected by the portal) can automatically block the account. Hence, before sending money abroad make sure you are well aware of the account details, name, bank address, and other necessary details of the recipient. 

It is better that you should put details of only one account of yours. Make sure to put valid details so that you can smoothly send money abroad from Punjab. Put your money in the right hands.