Transfer money overseas effortlessly
For decades now, Malaysia has been home to a significant portion of the Indian population. This has led to a banking channel, which sees frequent fund transfers between India and Malaysia. If you need to send money from India to Malaysia, you can do so without any hassles. Money transfers from Malaysia to India have become more accessible than ever, and your beneficiaries in Malaysia can receive the transferred sums within a few days.
Bank Transfer is the most economical and safest way you can send money overseas.
As per the RBI, the daily upper limit on overseas transfer is USD 25,000, equivalent to other currencies. However, you must check for limits placed by the bank on outgoing money transfers. The time for the recipient to receive money in their bank account will be anywhere between a few working days to a week.
Send money to Malaysia easily, with digibank by DBS
Open Instant digibank Savings Account in just a few minutes.
When you place a request to transfer money from India to Malaysia on the digibank by the DBS Internet Banking portal, your savings account gets debited with the equivalent INR amount shown on the confirmation receipt.
The minimum limit is USD 10 (or its equivalent) per transaction, while the maximum limit is USD 25000 per transaction. The daily limit is USD 25000. The annual limit is USD 250,000.
For the USA, UK, Australia, Canada, Europe, Hong Kong and Singapore, the beneficiary will receive the payment on the same day, provided the payment is made before the cut-off time. If payment is sent out after the cut-off time, the beneficiary will receive the amount on the next working day. For other countries or currencies, the payment will be received in 1-3 working days if sent before and 2-4 working days if sent after the cut-off time.
digibank by DBS does not charge any processing fee for international fund transfers to the USA, UK, Australia, Canada, Europe, Hong Kong, and Singapore. For other countries or currencies, INR 500 is charged upfront as a processing fee. There is no hidden cost, and all charges are displayed during the transaction.