For Non-Resident Indians (NRIs), reliable and robust international money transfer services are essential; that’s where remittances become extremely important. DBS Treasures clients benefit from fast and cost-effective remittance services throughout the year.
Experience same-day remittances backed by a guarantee
Attractive forex rates at zero commission or handling fees
Quick and simple digital banking processes allow you to remit funds easily
An NRE account comes with various inward remittance benefits including:
This facility is for NRI customers who are based out of Singapore. Once they open a DBS Treasures account in Singapore, they can register for iBanking and provide details of their account in Singapore for remittance. They also need to provide details of the recipient account in India to complete the remittance process.
Mentioned below are the benefits of DBS India Remit:
DBS Treasures customers enjoy preferential forex and commission rates for outward remittances
|International Funds Transfer||Fees and Charges|
|Outward Remittances||Free (Correspondent bank and third party charges apply)|
|Credit to DBS account for inward remittances from other banks||Free|
|Returned funds for unapplied OTT / ITT||All INR 500 + Swift Charges|
Click here for correspondent bank details.
*MoneySafe guarantee details.
Yes, the Reserve Bank of India (RBI) has outlined FEMA guidelines for outward remittances from India.