Are there any guidelines about outward remittances?

Yes, the Reserve Bank of India (RBI) has outlined FEMA guidelines for outward remittances from India.

Is there a limit on the amount that can be remitted from an NRE account?

No, there is no limit on the amount that can be remitted from NRE accounts.

Can NRO accounts remit money outside India? If yes, how much can they remit?

NRO accounts can be used to remit money outside India and up to USD 1 million can be remitted overseas every year.

Remit: Bank Remittance Services Online

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 option
DBS 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