500
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Remittance
Transfer money between local banks
outside India and your DBS account
Remittance
At a Glance
For Non-Resident Indians (NRIs), reliable and robust international money transfer services are essential. DBS Treasures clients benefit from fast and cost-effective funds transfer for their investments.
Fast and secure
Transfers within 24 hours, backed by guarantee
Preferential rates
Attractive forex rates at zero commission or handling fees
Easy transfer
Quick and simple process for remitting funds
Features & Benefits
Inward remittances
Quick and easy connectivity between NRIs and beneficiaries in India Beneficiaries credited within 24 hours of DBS receiving instruction
Wire transfer optionDBS India Remit
To use this facility, open a DBS Singapore account, register for iBanking and provide details of your Singapore account for remittance. Then provide details of the recipient account in India.
- Fastest and most cost-effective way to remit funds between Singapore and India
- Beneficiaries credited within 24 hours of DBS receiving instruction (before 11:30 AM IST)
- Fixed preferential exchange rates at the time of transaction, with customers notified of the exact rupee amount to be credited
- SMS updates on transaction status
- Transactions backed by our award-winning MoneySafe* guarantee
Overseas remittances
When you’re transferring money to your loved ones abroad, you also transfer joy.
With DBS Treasures Remit, you can now transfer money across 40 countries, including USA, UK, Australia and Singapore at zero fees. What’s more? It’s quick & paperless with same day transfers up to US$ 25,000 per day & US$ 2,50,000 in a year (To transfer more please contact relationship manager)
The key benefits of DBS Treasures Remit Platform are
- Zero Fees*
- Competitive Ex. Rate
- Same Day Delivery
- Fastest way to transfer money to Singapore
To know more, click here.
Charges
| International Funds Transfer | TRB INR 5 - INR 20 lacs | TRB INR 20 - INR 200 lacs | TRB - > INR 200 lacs |
|---|---|---|---|
| Outward Remittances | Free (Correspondent bank and third party charges apply) | Free (Correspondent bank and third party charges apply) | Free (Correspondent bank and third party charges apply) |
| Remittance to Singapore | Free (Correspondent bank and third party charges apply) | Free (Correspondent bank and third party charges apply) | Free (Correspondent bank and third party charges apply) |
| Inward Remittances | TRB INR 5 - INR 20 lacs | TRB INR 20 - INR 200 lacs | TRB - > INR 200 lacs |
|---|---|---|---|
| Credit to DBS Account for Inward Remittance from other Banks | Free | Free | Free |
| Credit to DBS Account for Inward Remittance received from Singapore | Free (Correspondent bank and third party charges apply) | Free (Correspondent bank and third party charges apply) | Free (Correspondent bank and third party charges apply) |
| Returned funds for unapplied OTT / ITT | All INR 500 + Swift Charges | All INR 500 + Swift Charges | All INR 500 + Swift Charges |
Click here for correspondent bank details.
*Need details for MoneySafe.
How to Apply
FX Retail
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