Remittances

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 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 TransferTRB INR 5 - INR 20 lacsTRB INR 20 - INR 200 lacsTRB - > INR 200 lacs
Outward RemittancesFree (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 SingaporeFree (Correspondent bank and third party charges apply)Free (Correspondent bank and third party charges apply)Free (Correspondent bank and third party charges apply)

Inward RemittancesTRB INR 5 - INR 20 lacsTRB INR 20 - INR 200 lacsTRB - > INR 200 lacs
Credit to DBS Account for Inward Remittance from other BanksFreeFreeFree
Credit to DBS Account for Inward Remittance received from SingaporeFree (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 / ITTAll INR 500 + Swift ChargesAll INR 500 + Swift ChargesAll INR 500 + Swift Charges

Click here for correspondent bank details.

*Need details for MoneySafe.

 

How to Apply

Apply Now
A Relationship Manager will reach out to you shortly
 

FX Retail

Learn More

FX-Retail is an electronic trading platform introduced by the Reserve Bank of India for buying or selling foreign exchange for all banking customers.

Learn More

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