International Money Transfer

Enjoy swift International Money Transfers with DBS Bank.

There is no greater joy than sending money to your loved ones on happy occasions, and no relief is better than ensuring their financial security during emergencies. With our international money transfer service, you can now transfer money online to any account around the globe in just a few clicks. Whether you have children studying abroad or need to provide financial assistance for medical procedures, you can now send money to relations in over 40 countries worldwide.

At DBS Bank we make it a priority to ensure you are never truly away from your home. Our swift, simple, and user-friendly international money transfer facility, make it a breeze for you to send money to your loved ones abroad.


DBS Bank

Leading Indian Pvt Bank

Amount to send (in USD) 25,000 25,000
Conversion rate (In INR) 84.38 84.89
Total amount without Bank Fees (in INR) 21,09,500 21,22,150
Bank Fees (in INR) 0 1,000
Total amount remitted (in INR) 21,09,500 21,22,150
Savings with DBS Bank (in INR) 13,650 -

**Conversion value taken as of 7th Oct from leading Indian private banks.
***Conversion value taken as on 7th Oct in DBS Bank app

Send Money Abroad with DBS Bank Remit

With more than 40 countries on our remittance network, you can initiate swift, hassle-free, and paperless international fund transfers through DBS Bank Remit. Conduct international money transfers from India to The United States of America, The United Kingdom, Australia, Canada, Singapore, Hong Kong and countries in the Eurozone.Our international online money transfer service remains unbeatable, while funds are credited into beneficiary accounts in record time.

Key Benefits of Online Money Transfers

Same Day Delivery

Same Day Delivery

DBS Bank clears fund transfers to beneficiary accounts within the shortest timeframes. Your beneficiaries can receive fund credits into their account on the same day, provided you initiate the transfer process before the given cut-off time.

Zero Fees

Zero Fees

Why go anywhere else when you can use DBS Bank's international money transfer facility at zero fund transfer fees? We do not charge you any fees to send money abroad, and we do not levy any fees on your beneficiary on successful fund transfers either.

Competitive Forex rates

Competitive Forex rates

Get the best value for your foreign currency transactions into bank accounts abroad. With our Competitive Forex rates on remittance, you can choose the rate of currency exchange.


Introducing DBS Bank Remit. Now transfer money to your loved ones across 40 countries.

Cut off Time for Online Money Transfers

Do you need to send money urgently? Do you wish for your beneficiary to receive funds on the same day? Now, you can, in certain geographies. Just ensure you check our cut-off time before initiating an international money transfer. In case of transfers funded after the daily cut-off time, the funds will reach the beneficiary on the next working day, from the time of initiating the money transfer abroad.


IN (IST) Time for same day transfer

USA (in USD)

11:30 AM

Australia (in AUD)

9:00 AM

UK (in GBP)

11:30 AM

Eurozone (in EUR)

11:30 AM

Hong Kong (in HKD)

11:30 AM

Singapore (in SGD)

11:30 AM

Canada (CAD)

11:30 AM

For online money transfers to all other countries or for fund transfer to the countries mentioned above in a non-local currency, the funds will be credited into the beneficiary account in 1-3 working days from the time of initiating the fund transfer successfully, before the cut-off time.

Fees and Charges to Send Money Overseas

At DBS Bank, we do not levy any charges on international money transfers from India to the following countries and their currency combinations.

Currency and Country

Bank Fee

Agent Fees


GBP to United Kingdom
AUD to Australia
EUR to Eurozone
HKD to Hong Kong
SGD to Singapore
CAD to Canada


Not applicable

As applicable from time to time, will also be applied to your transaction.

Any other currency / country combination

INR 500

Agent fees, if applicable, will be charged.


GST Charges

Amount of Currency Exchanged (ACE)

GST rates

Minimum GST

Maximum GST

Upto Rs. 1 lakh

0.18% of ACE

Rs. 45

Rs. 180

Between Rs. 1 lakh and up to Rs. 10 lakh

INR 180 + 0.09% of ACE

Rs. 180

Rs. 990

Above Rs. 10 lakh

INR 990 + 0.018% of ACE

Rs. 990

Rs. 10,800

Our product benefits have got your attention, right? Now click here to view the Demo Video to get you started.

*The Bank reserves the right to add, alter, vary and modify any or all of the above Fees & Charges at any time at its discretion without any notice.

Steps to Initiate International Money Transfer

Send money to your friends and family in the USA, the UK, Europe, Singapore, Hong Kong, Australia and Canada at zero fees. Initiate international money transfer online in 5 easy steps with DBS Bank Remit.

  1. Log in to the DBS Internet Banking portal.
  2. Look for the ‘Pay &Transfer’ tab on your screen.
  3. Click on the Overseas Transfer option.
  4. Enter the details of the beneficiary – their name, bank name, account number, contact details, etc.  Once you set up the beneficiary, click on the ‘Start a Transfer’ tab to proceed.
  5. Once your money transfer is successful, you will receive a confirmation of the transaction on your registered mobile number and email id.

Enjoy the benefits of quick and paperless same-day transfers with DBS Bank Remit. The zero-fee policy applies on both senders’ and receivers’ ends.

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Frequently Asked Questions

How many international money transactions can I make in a financial year in a single account?

You can send money to a single account/ beneficiary up to 30 times (30 transactions) in a given financial year.

Are there any limitations to the money that beneficiaries can withdraw on an international money transfer?

Beneficiaries can withdraw cash of up to INR. 50,000 on an international money transfer transaction. Suppose the money transfer amount exceeds INR 50,000. In that case, the local DBS Bank in India will make the payment to the beneficiary via cheque, or the sum will be deposited directly into the registered Savings Account of the beneficiary. Note that the withdrawal amount limit differs for foreign tourists.

What are the acceptable reasons under DBS Bank Remit for one to initiate an overseas fund transfer?

You can initiate an overseas fund transfer for reasons such as maintenance of the family, close relatives or dependents, medical treatment abroad, overseas education, Emigration, leisure or business travel, gifts, donations, and so on.

What are the minimum and maximum limits on overseas fund transfers initiated via DBS Bank Remit?

The minimum limit per overseas fund transfer via DBS Bank Remit is USD 10 per transaction or equivalent in other currencies. In contrast, the maximum limit is USD 25,000 or its equivalent in other currencies. As per the Liberalised Remittance Scheme by the Reserve Bank of India and the Indian Government, these limits are for only those transactions rolled out via proper channels and RBI authorised dealer banks.

What are the steps to add a payee or beneficiary for an international money transfer through DBS Bank Remit?

Follow these simple steps to add a beneficiary for online money transfers from India to overseas.

  1. Log in to your DBS Internet Banking account using your username and password.
  2. Locate the Overseas Transfer tab on the home page and click on ‘add new overseas payee’.
  3. Enter the payee details such as their full name, bank name and branch, account number, SWIFT or IBAN code as applicable.
  4. Once you add these details, DBS Bank will set up the new payee details. Adding a payee is a one-time process. After setting up the payee details, you can send money to them anytime.
Can I transfer money abroad using the digibank mobile applications?

Currently, you cannot send money overseas via the digibank app. Under the extant law and regulations in India, overseas remittances may not be conducted via mobile applications as a security measure. You may, however, initiate money transfers from India to a bank account abroad from the DBS Internet Banking page, which you can open on a browser on your internet-enabled smartphone.

What documents do I need to provide while initiating an international money transfer from India?

You do not need to provide any documents to transfer money abroad from India. This is because DBS Bank collects the necessary payment details and fund transfer declaration digitally when you submit a request for overseas money transfer on the DBS Internet Banking platform. Ensure you go through the Terms and Conditions and FEMA declaration details on the DBS Bank website before initiating an online money transfer abroad. You must agree to and confirm the applicable Terms and Conditions and declaration requirements before submitting your transaction. Once you accept the conditions, the bank deems that you have agreed to them and begins the fund transfer process.

Under what circumstances does DBS Bank reject an outward remittance request?

Per RBI and DBS Bank policies, we are authorised to reject an outward remittance request under the following circumstances:

  • If your account does not have sufficient funds to complete an international money transfer from India.
  • If the transaction amount exceeds USD 25,000 or its equivalent in other currencies, per RBI laws.
  • If the remitter has utilised the maximum annual LRS limit of USD 250,000 or its equivalent in other currencies.
  • If the residence country of the beneficiary is not a part of the “Permitted Country List” as per RBI norms.
  • If the beneficiary is not part of the “Permitted Beneficiary List.
  • In case you choose to remit or transfer money abroad to your own overseas account.
  • If you provide partial or incorrect details of the beneficiary and their bank.
  • In case you initiate an unauthorised or non-permissible transaction that goes against RBI regulations.
I wish to cancel an overseas money transfer order placed on my DBS Internet Banking platform. How can I go about it?
If you wish to cancel your overseas fund transfer request, you may contact us on our Remittance Customer Care helpline at 1860 208 7368 during the hours of 10 am to 7 pm on working days. You may also send us an email stating your request to cancel the international money transfer from India at [email protected]. Please note that DBS Bank begins the process of initiating fund transfers soon after receiving the request, in which case we may not always be able to reverse the fund transfer request. Do note that DBS Bank will handle your transaction cancellation request on a best-effort basis.