Want to send some love through gifts for your near and dear ones living abroad, but don't know what to get for them? In such cases, transferring funds to them, which they can then use to buy something of their choice, is a better option. With loved ones, when you transfer money, you also transfer happiness. We know staying far away from your family can be difficult, so DBS Bank Remit now provides you with secure money transfer options to over 200 countries. Transfer money from India to UAE in a quick, paperless and hassle-free manner.
Existing DBS Bank customers can directly log in through their net banking account. New customers must sign up for a DBS Bank Savings Account by downloading the digibank app on their smartphone to enjoy remittance facilities.
You need to provide the basic details of the intended beneficiary, including their name, contact number, bank name and branch, SWIFT/IBAN code, etc. It typically takes 30 minutes to set up the beneficiary account, after which you can initiate the remittance.
Once the beneficiary is set up, you can log in to your account again and go to 'Pay and Transfer'. Select 'Overseas Transfer', enter the amount and currency of transfer, and review the details before submitting your remittance request.
Key benefits of online overseas transfer:
If you initiate the transaction process before the cut-off time, your money will be delivered within 1 to 3 working days.
Bank charges at DBS Bank are economical when you send money from India to UAE.
The exchange rates we offer are competitive and make it cost-efficient for you.
DBS Bank provides you with the option of sending money to recipients in 200 countries, with zero handling charges for money transfer to 40 nations. However, you can send money to the UAE at a minimal cost of Rs. 500, which is our processing fee. For complete transparency, the other applicable charges and taxes will be displayed on the transaction screen itself. The foreign banks involved in the routing process, if any, and the beneficiary bank may deduct their fees from the remittance amount. DBS Bank does not have any control over this, and it is recommended that you enquire about the applicable charges from your recipient so that you can add the sufficient amount as a buffer.
When you send money from India to UAE, it will reach the recipient within 1-3 working days. To transfer money from India to UAE, you need to do so before the deadline. In case you do not manage to initiate the transfer before the cut-off time for that day, the amount will reach the beneficiary a bit later, in 2-4 working days. The time of 'Estimated Arrival' is also displayed to you on the transaction screen.
Open Instant DBS Bank Savings Account in just a few minutes.
Log in to internet banking, click on 'Pay & transfer' and then the tab 'Overseas Transfer'. If your payee has already been added, you can click on ‘Start a transfer'. If it’s a new payee, you need to add bank details. On successful processing, you will receive an email and SMS as confirmation.
After you log in, you will be required to add details like the full name, account number, and bank details of your new overseas payee before the payment can be initiated. For security measures, you need to follow specific steps to confirm a new payee. They are:
You are requested to download and log into the digibank app at least once before following this procedure to add the new payee.
No, banks are not permitted to allow funds transfer on a mobile app under Indian law at present. You can use the browser on your mobile phone to access Internet Banking and do the funds transfer.
No paper documents are required for this process since all the relevant details and declaration are obtained digitally. Please read the terms and conditions thoroughly since you will be required to agree to them before you can proceed.
You can send money to the UAE from India for any of the following purposes:
Yes, there are some limits to the amount you are permitted to transfer. The minimum limit per transaction is USD 10 or its equivalent. The upper limit for transactions carried out in a day is USD 25,000. You can transfer a total of USD 250,000 or its equivalent in a year (as specified by Reserve Bank of India).