Want to send some love to your near and dear ones abroad, but don't know what to get for them? Instead of opting for a gift that they may or may not like, why not transfer money, so that they can buy something they want for themselves? When you transfer money, you also transfer happiness. DBS Bank Remit Now provides you with secure money transfer options to 200 countries. Pay zero fees to send money to UK. It's rapid, paperless and hassle-free.
Existing DBS Bank customers must visit the DBS Bank website and log in to their internet banking account. New customers must download the DBS Bank app, set up their account online, and then initiate fund transfers.
Click on start a transfer to add beneficiary details. You must provide the name, bank name and account number, SWIFT or IBAN code (as needed), and contact number of the beneficiary. You can consult the bank for assistance with SWIFT/IBAN codes.
Once the beneficiary account is set up, you can click on ‘Pay and Transfer’, enter the amount you wish to send, and click on Overseas Transfer. While DBS Bank does not levy any fund transfer fees, you must pay the applicable GST.
Key benefits of online overseas transfer:
If you initiate the transaction process before the cut-off time, your money will be transferred to the recipient within 24 hours.
You will not be charged when you transfer money from India to the UK. The recipient of the funds will also not have to pay a fee.
The exchange rates we offer are economical and cost-efficient for you.
We ensure the delivery of the entire credit amount to your beneficiary when you transfer money from India to the UK.
When you send money from India to the UK, it will reach the recipient within the day. DBS Bank offers this same-day facility for funds transfer to numerous other countries if you initiate the transfer before the deadline. To transfer money from India to the UK, you need to do so before 11:30 AM IST. If you do not manage to initiate the transfer before the cut-off time for that day, don't worry. It will just reach the recipient on the next working day.
If you want to transfer money from India to the UK in some other currency, you can do that too. In that case, it will merely take a bit more time for your money to reach the recipient. If you initiate the transfer in a non-local currency (before the cut-off time), it will be transferred in 1-3 working days.
Open Instant DBS Bank Savings Account in just a few minutes.
Log in to DBS Bank ibanking, go to 'Pay & transfer' and then the tab 'Overseas Transfer'.
If your payee has already been added, click on ‘Start a transfer', or add bank details of your new payee. On successful processing, you will receive an email and SMS.
After logging 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.
Download the digibank app and log into it at least once before adding the new payee.
No, this is not permitted on the mobile app by Indian law at present. You can initiate a transfer from our Internet Banking page.
You can send money to the UK from India for any of the following purposes:
The minimum limit per transaction is USD 10 (or its equivalent). The upper limit for daily transactions is USD 25,000. In a year, you can transfer a maximum of USD 250,000 or equivalent (as specified by Reserve Bank of India).