Want to send some cash to loved ones in Singapore this holiday season? Have children studying there, and need to transfer funds to them regularly? No matter what your reason, digibank Remit is there, making it easier for you to transfer money from India to Singapore. With digibank Remit, transferring funds to foreign nations is quick, paperless and hassle-free.
Key benefits of online overseas transfer:
If you initiate the transaction process before the cut-off time (check table), your money will be transferred to the payee’s account within a day.
Neither you nor your recipient will be charged any fees when you transfer money from India to Singapore.
The exchange rates we offer are very competitive, and some of the best you can find.
We guarantee the delivery of the entire credit amount to your beneficiary when you send money to Singapore from India.
At digibank, we offer the option of transferring money to over 200 countries. For many countries, our handling fees are also zero for the transfer. If you wish to send money from India to Singapore in SGD, the bank fee is zero, as are the agent charges. GST will be charged on your transaction as and when applicable. For a list of all remittance charges, click here.
When you send money from India to Singapore, it will reach the recipient within the day. digibank offers this facility for the transfer of funds to numerous other countries if you initiate the transfers before the deadline. The cut-off time varies from one country to another.
To transfer money from India to Singapore, you need to do so before 11:30 AM (IST). In case you do not manage to initiate the transfer before the cut off time for that day, it will be delivered on the next working day.
If you have to transfer money from India to Singapore in some other currency, you can do so too. It will merely take a bit longer. The funds will be transferred in 1-3 working days after you initiate a transfer in a non-local currency before the cut-off time.
Log in to internet banking, go to 'Pay & transfer' and then 'Overseas Transfer'. Add bank details of your new payee, or click on ‘Start a transfer' if you have already added your payee earlier. On successful processing, you will receive a confirmation email and SMS.
After login, you will be required to add some details of your new overseas payee like their full name, account number and bank details before a payment can be carried out. The confirmation of a new payee is done after these steps, as a security measure:
We advise you to download and log in to the digibank app at least once before you add a new payee.
No, under Indian law, you cannot do remittances overseas at present using the app. You can use your mobile to initiate a transfer by merely opening our Internet Banking page.
No physical documents are required for this process since all the relevant details and declaration are gathered digitally. Please go through the terms and conditions thoroughly before agreeing to them.
You can send money to Singapore for a myriad of purposes:
USD 10 (or its equivalent) is the minimum per transaction; the upper limit is USD 25,000. You can transfer up to USD 250,000 or equivalent (specified by Reserve Bank of India) in a year.