As per the new GST law, any NRI/NRE send money to India back to his/her family, then you are required to pay the government service tax (GST) at the rate of 12.36% on the commission or any other fees paid to an agent who facilitates the exchange.
SGD to INR
Compare Singapore Dollar to Indian Rupee For Sending Money to India from Singapore
Sorry, we don't have results for the combination when sending money from Singapore to India for sending amount $1000. We are working hard to provide you best results from Singapore Dollar to Indian Rupee so that you can compare exchange rates and fees and can take best decision and save fees for your money transfer.
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What taxes you need to pay when you transfer money to India from Singapore?
Top Key factors to consider before transferring funds to India
There are multiple companies providing remittance services from Singapore to India, but it is not necessary that it will provide you with the best available services. It is more essential for the sender to take charge and be aware of hidden and transfer fee along with the exchange rates provided by them as well as competitors. So, you should invest your time and explore the best keeping the following factors in mind before transferring SGD to INR:
Reliability: You must know that the remittance company whose services you are looking for is reliable and trustworthy. There are many fraud companies come up with their plans which are not licensed and offer minimum fee with the best exchange rates, but your money will not safe with them. The most reliable path of sending funds is through a bank, which imposes a higher fee and lower exchange rates.
Plan the Transaction: If you are planning to transfer funds, you should not wait for making the last minute decision or wait for any emergency. When you feel the prices are at their best, you can transfer the funds with minimum transfer fees. This will cost you less and you can make the most from your money.
Customer Service: Having a helping hand at the time of transferring funds is beneficial if in case you face any difficulty. The reputable companies offer best customer support in the event of mishap like delay or non-arrival of funds.
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