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At a Glance

In the age of internet banking, trying to send money to India has become easy. Funds can be transferred at the click of a button. DBS Bank, too, offers its users convenient solutions to transfer money to friends and family in India.

You can now send funds in 19 currencies to a DBS Bank account in India using the bank’s inward remittance facilities. If you’re making a money transfer to India from Singapore, you can use DBS Bank’s DBS India Remit. This service enables transfers to any account held with any bank in India. You can also avail attractive exchange rates for your funds transfers.

 

Features & Benefits

  • Sending money to India is secure because all transfers are done using SWIFT and IFSC codes
  • You will receive SMS and email confirmations
  • The process is fast and convenient - funds are delivered the next day
  • Attractive exchange rates
  • Lowest service fee in the market
  • No commission or handling fees for DBS Treasures customers
 

How to send money to India

You can send money to India as per below process:

  • Instruct your local bank (at your country of residence) to send money to DBS Treasures ‘ local account with the correspondent bank and beneficiary details of the recipient
  • Place a request for the transfer of funds
  • The fund reaches the DBS Treasures account held with the correspondent bank within 24 to 48 banking hours 
  • Alternatively, you can initiate a wire transfer with our correspondent bank using the account number and SWIFT code
  • Once the funds are received in the correspondent bank, they are transferred to the beneficiary

Use our DBS India Remit service if you have to send money between India and Singapore. You can use your ibanking account and follow these steps:

  • If you have a DBS Bank debit card and PIN, you can register yourself for our ibanking facilities. Set up a username and password
  • Use the username and password to log in to your account
  • Add a beneficiary using the bank account number of the recipient and the IFSC Code of the bank. Once a beneficiary is added, you can quickly transfer funds
  • Log on to your ibanking account and go to funds transfer. Choose the beneficiary and initiate a request for the funds transfer
  • If your transfer request is submitted before 2 pm (Singapore time), the funds will reach the recipient’s bank within one working day
 

How to Apply

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