Remittance

Open DBS Treasures Account

At a Glance

DBS Treasures Remittance offers seamless and cost-effective solution for international money transfers. Whether supporting family back home, investing in Indian assets, or managing financial commitments, enjoy quick transfers backed by Asia's safest bank

Fast and Reliable:

Remittance payments are transferred within 24 hours to over 200 countries.

Secure:

Be rest assured as your remittance transfers are backed DBS Bank’s global safety standards.

Preferential Forex Rates:

Take advantage of competitive exchange rates on your foreign remittance with zero bank fees or hidden charges.

Effortless Process:

Transfer and manage funds easily through mobile and Internet Banking.

Step-by-Step Guide to Your First Remittance Transfer

If you’re new to DBS Treasures Remittance, getting started is simple. Our DIY video guides you through the process step by step, so your first remittance payment is quick, secure, and convenient.

Watch: DBS Remit: The Smarter, Faster Way to Transfer Money Globally - YouTube

With DBS Treasures Remit, sending money abroad is simple, secure, and paperless. Follow these quick steps to complete your remittance transfer online:

Step 1. Log in to your DBS Mobile or Internet Banking account.
Step 2. Select the country of your beneficiary and choose the currency for your transfer. Tiered FX rates apply for higher transfer values.
Step 3. Add the payee by entering beneficiary details (name, bank account number, SWIFT code). Real-time SWIFT validation helps reduce errors.
Step 4. Enter the transfer amount and select the purpose of remittance.
Step 5. Upload supporting documents if required for compliance.
Step 6. Review the applicable exchange rate and charges, then confirm the transfer. Eligible transfers submitted before the cut-off time are processed the same day.

Why Choose DBS Remit

DBS Remit makes both inward remittance and outward remittance simple, secure, and cost-effective. Whether you use it for family support or international investments, every remittance money transfer is designed for speed and transparency.

Convenient and Paperless

Complete your remittance money transactions online through DBS Mobile or Internet Banking, with no branch visits or paperwork.

Same-Day Transfers

Outward remittance requests submitted before the cut-off time are processed the same day.

Zero Agent Fees

Pay only standard charges on your remittance money transfer, with no deductions by correspondent banks.

Full Credit to Recipient

Your inward remittance or outward transfer reaches the beneficiary without hidden costs.

Competitive Exchange Rates

Enjoy tiered FX rates that give you more value when you remit larger amounts.

Global Investment Access

DBS Remit supports outward remittance not just to individuals but also to institutions, helping you participate in international markets.

Asia’s Safest Bank 16 years in row by Global Finance 2009-2024.

*Same-day transfer is applicable only when transaction is made before the cut off time. The cut-off time for same-day transfer is 11:30 AM for most of the currencies.

FX Conversion rate is taken as an average of FX rates offered by leading Indian private banks.

Open DBS Treasures Account

Better Rates, Zero Fees with DBS Remit

DBS Remit offers one of the most cost-effective money remittance services in banking. With zero remittance fees and a highly competitive remittance rate, you save more every time you send money abroad.

Competitive FX Advantage

FX conversion rate is an average of leading Indian private banks. Rates are indicative as of 16^th September 2025 and subject to fluctuations. Please confirm current rates before transactions.

All You Need to Know About DBS Treasures Remittance

Key highlights

• Online remittances are available from Indian resident savings account & Non-resident external (NRE) accounts.
• Non-resident external (NRE) accounts and savings accounts held by Indian residents can be used for online transfers.
• The transaction limit in a financial year is set at USD 250,000 or similar, and the daily transaction limit is set at USD 25,000 or equivalent.
• Same day transfers are applicable only when transaction is initiated before the cut off time (i.e., before 11:30 AM IST).
• DBS guarantees full credit to the payee. Note that few overseas banks charge additional bank fee on incoming remittance at their discretion. DBS has no control over fee charged by them.
• GST & TCS are regulatory charges and non-refundable in case of transaction rejection. TCS charges can be claimed while filing Income tax return.
• Remittances are only handled during business days for the banks. Transactions initiated on holidays will get processed on next working day.
• Online remittances can be made for the below purposes-
  

  Studies abroad

  

  Self-transfers/Maintenance of close relatives

  

  Gift and personal donations

  

  Indian Portfolio Investment abroad in Equity Shares

  

  Indian Portfolio Investment abroad in Debt Instruments

  

  Donations for religious/charitable purposes

  

  Business Travel

  

  Travel to pursue education overseas

  

  Travel for pilgrimage

  

  Travel for medical treatment

  

  Personal travel and payments for international credit cards settlements

  

  Medical Treatment overseas

  

  Emigration

Please be aware that bank account numbers in Canada are typically seven digits long. The recipient's account number should not include the 4-digit branch/transit code. Remittance transactions could be rejected if the format is not followed.

*Planning to Study Abroad, explore DBS Study Abroad program for hassle-free overseas education.

What is the minimum or maximum limit on overseas transfer initiated through with DBS Remit?

• The minimum limit per transaction for overseas transfer is of USD 10. The maximum transaction limit is USD 25,000 per transaction which is also the maximum daily transaction limit. The annual transaction amount limit is capped at USD 250,000 or equivalent.
• The maximum limit of USD 250,000 or equivalent per year for transferring money abroad under Liberalised Remittance Scheme (LRS) is applicable for a customer for all transactions routed through all permissible channels/Authorised Dealers Banks (subject to any purpose specific limit specified by Reserve Bank of India).

Cut-Off Timings for Same-Day Transfer for Different Locations

DBS Bank offers same-day transfer services to multiple international destinations. To ensure your transfer is processed on the same day, please initiate it before the specified cut-off time for your chosen destination. Transfers made after the cut-off time will be processed the next business day.

Here are the cut-off time for the following countries:

Learn More About Our Overseas Funds Transfer Fees

Bank Fee

Foreign Currency Foreign Exchange

Currency Converter SGD to INR Rate

What are the GST Charges

What are the TCS charges

As per Finance Act 2023, all outward remittances transactions under the Liberalized Remittance Scheme (L₹) are subject to new Tax Collected at Source (TCS) rates. This shall be applicable for all remittances done by a Resident individual.

Revised TCS rates applicable from 1^st April 2025-

Here's how you can utilize the TCS deducted on your international transfers:

• TCS deducted on your transfers can be adjusted against your total tax liability
• You can claim TCS as a refund when filing your income tax return
• TCS credit can also be used for advance tax calculations

Click here for correspondent bank details.

RBI Press Release: Forex Transactions - Unauthorised Forex Trading Platforms

RBI FAQs on Foreign Exchange (Forex) Transactions

Find Out What Are the Possible Reasons for Your Overseas Transfers Getting Rejected

• Account not having sufficient funds. Account should be funded with full amount of remittance including GST+ Bank Fee (if any)+ TCS (if applicable)
• Amount of transaction exceeding USD 25,000 per day or equivalent 
• In case the annual LRS limit of USD 250,000 has been utilized
• If you have selected an incorrect purpose of payment. Please refer to the table below for details on purpose codes, including what is allowed and not allowed.

  Purpose of Payment	Beneficiary Allowed	Beneficiary Not-allowed
  OPI investments in Equity & Debt	Any company/firm/self-transfer	Any individual
  Gift	Any individual	Self-Transfer /company/ consultancy/firm
  Donations	Trust / Charitable or Religious Institute /Temple	Any individuals /self-transfer
  Travel ( Business, Pilgrimage, Medical Treatment, Education, Other travel (employment & card repayment))	Business Travel- Travel agency/company/individuals. Education- Institution/Rent Agency /Stay or Accommodation. Medical-Pharmacy/Clinic/Hospital/Medical equipment. Pilgrimage- Trust /Charitable or Religious Institute /Temple  Repayment of card bills due	Self-Transfer
  Remittance for family maintenance and savings	As per close relatives’ definition & self-transfer	Company/consultant/firm
  Medical Treatment	Hospital/Clinic/Pharmacy/Individuals/Medical services/Companies selling equipment	Self-Transfer /any other company/firm/consultancy
  Studies Abroad	University/Academic institutes/Learning Courses/Journals/Publication, Hostel fee/accommodation fee/apartment rent, Individual/Self-Transfer	Company/consultancy firms(Pvt Ltd, Inc, etc)
  Emigration	Emigration services/Travel agency/VISA agency/Embassy/Emigration consultant/Law firm (Info available in public domain)	Self-transfer OR individual transfer

• If incorrect or partial details of beneficiary/beneficiary’s bank has been provided.
• In case of unauthorized / non-permissible transactions not allowed as per RBI Regulations

To check the exact status of transaction, please drop a mail to [email protected] or call on 1860 208 7368

Apply Now

Request a call back to open a DBS Treasures Account and enjoy our remittance services anytime, anywhere.

Open DBS Treasures Account

You can also call our customer service numbers (1860 267 1234 / 1800 209 4555) to speak to a DBS representative.

Whatever your purpose for international fund transfers is, DBS Remit is made for you.

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