Send Money to India from Singapore at Best Exchange Rates

Highest remittance rate for converting 1 SGD to INR = 52.34

Best Way to Transfer Money to India from Singapore

Sending money abroad was one of the most expensive tasks with never-ending chains of middlemen, manual paperwork, and hidden charges earlier. But as we have stepped into the digital world, money remittance has not just grown and become cheaper, but now you can enjoy fast services without any middleman and paperwork. These companies have made the lives of migrants easy to help them in providing low-cost money transfer services to India which has recorded the highest remittance in the year 2018, as per the report of the World Bank. Singapore is one of the major countries where Indians live which is 9.23% of the total Singapore population. Many of them have their friends and family in India so they transfer funds to them and these companies have made their lives easier.

Therefore, on this page, we have compared the “Top 8 money transfer services from Singapore to India”.

Please find the list of companies below in a sorted order which are providing the best money transfer services with the highest exchange rates and low fee.

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Country Guide - India

52.62

Mid Market Rate

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52.62

Mid Market Rate

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BEST VALUE FASTEST
Pay-In
Pay-Out
You Pay (Includes Fee ₹ 0) $ 500
Receiving Amount
₹ 26168.75
Realized Exchange Rate
52.34
currencyfair SGD to INR Exchange Rate
52.3375
Best Value

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Transfer Time : 1-2 Days
Promoted
Currencyfair is a one of the safest & leading money transfer service provider for sending money from Singapore to India for sending amount 500. Today’s Currencyfair exchange rate for sending money from SGD to INR is 52.3375 with a ₹ 0 fee. Based on the Exchange Rate IQ calculations it offers the Best Value for your money transfer. The realized exchange rate after considering the fees is 52.34. The pay in options available are Bank, also you can receive money using Bank, at multiple Currencyfair partner locations. The transfer time usually range between 1-2 Days. For more detailed review of Currencyfair click here
Pay-In
Pay-Out
You Pay (Includes Fee $ 3) $ 503
Receiving Amount
₹ 26012.7
Realized Exchange Rate
51.72
worldremit SGD to INR Exchange Rate
52.0254
1.18% vs Best Value

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Transfer Time :
Promoted
Worldremit is a one of the safest & leading money transfer service provider for sending money from Singapore to India for sending amount 500. Today’s Worldremit exchange rate for sending money from SGD to INR is 52.0254 with a $ 3 fee. Based on the Exchange Rate IQ calculations it offers 1.18% less than the best value for your money transfer. The realized exchange rate after considering the fees is 51.72. The pay in options available are Bank, Creditcard, Debitcard, also you can receive money using Bankdeposit, at multiple Worldremit partner locations. The transfer time usually range between . For more detailed review of Worldremit click here
Pay-In
Pay-Out
You Pay (Includes Fee $ 1.25) $ 500
Receiving Amount
₹ 26229.7613
Realized Exchange Rate
52.33
instarem SGD to INR Exchange Rate
52.591
0.02% vs Best Value

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Transfer Time : 1-2 Days
Instarem is a one of the safest & leading money transfer service provider for sending money from Singapore to India for sending amount 500. Today’s Instarem exchange rate for sending money from SGD to INR is 52.591 with a $ 1.25 fee. Based on the Exchange Rate IQ calculations it offers 0.02% less than the best value for your money transfer. The realized exchange rate after considering the fees is 52.33. The pay in options available are Bank, also you can receive money using Bank, at multiple Instarem partner locations. The transfer time usually range between 1-2 Days. For more detailed review of Instarem click here
Pay-In
Pay-Out
You Pay (Includes Fee $ 0) $ 500
Receiving Amount
₹ 26110
Realized Exchange Rate
52.22
icici SGD to INR Exchange Rate
52.22
0.23% vs Best Value

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Transfer Time : 2-3 Days
Icici is a one of the safest & leading money transfer service provider for sending money from Singapore to India for sending amount 500. Today’s Icici exchange rate for sending money from SGD to INR is 52.22 with a $ 0 fee. Based on the Exchange Rate IQ calculations it offers 0.23% less than the best value for your money transfer. The realized exchange rate after considering the fees is 52.22. The pay in options available are Bank, also you can receive money using Bank, Cashcard, at multiple Icici partner locations. The transfer time usually range between 2-3 Days. For more detailed review of Icici click here
Pay-In
Pay-Out
You Pay (Includes Fee $ 0) $ 500
Receiving Amount
₹ 26030
Realized Exchange Rate
52.06
remitmoney SGD to INR Exchange Rate
52.06
0.53% vs Best Value

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Transfer Time : Same Day
Remitmoney is a one of the safest & leading money transfer service provider for sending money from Singapore to India for sending amount 500. Today’s Remitmoney exchange rate for sending money from SGD to INR is 52.06 with a $ 0 fee. Based on the Exchange Rate IQ calculations it offers 0.53% less than the best value for your money transfer. The realized exchange rate after considering the fees is 52.06. The pay in options available are Bank, also you can receive money using Bank, at multiple Remitmoney partner locations. The transfer time usually range between Same Day. For more detailed review of Remitmoney click here
Pay-In
Pay-Out
You Pay (Includes Fee $ 4) $ 504
Receiving Amount
₹ 26225
Realized Exchange Rate
52.03
quickremit SGD to INR Exchange Rate
52.45
0.59% vs Best Value

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Transfer Time : 1-2 Days
Quickremit is a one of the safest & leading money transfer service provider for sending money from Singapore to India for sending amount 500. Today’s Quickremit exchange rate for sending money from SGD to INR is 52.45 with a $ 4 fee. Based on the Exchange Rate IQ calculations it offers 0.59% less than the best value for your money transfer. The realized exchange rate after considering the fees is 52.03. The pay in options available are Bank, also you can receive money using Bank, at multiple Quickremit partner locations. The transfer time usually range between 1-2 Days. For more detailed review of Quickremit click here
Pay-In
Pay-Out
You Pay (Includes Fee $ 0) $ 500
Receiving Amount
₹ 25985
Realized Exchange Rate
51.97
yesremit SGD to INR Exchange Rate
51.97
0.71% vs Best Value

SEND NOW

Transfer Time : 2-3 Days
Yesremit is a one of the safest & leading money transfer service provider for sending money from Singapore to India for sending amount 500. Today’s Yesremit exchange rate for sending money from SGD to INR is 51.97 with a $ 0 fee. Based on the Exchange Rate IQ calculations it offers 0.71% less than the best value for your money transfer. The realized exchange rate after considering the fees is 51.97. The pay in options available are Bank, also you can receive money using Bank, at multiple Yesremit partner locations. The transfer time usually range between 2-3 Days. For more detailed review of Yesremit click here
1 More Option Available

You Pay
(Sending Amount + Fee)

Exchange Rate
(yesremit / Realized)

Receiving Amount
(Receiving Amount)

$ 503
Pay-In :
52.26 / 51.95
2-3 Days
₹ 26130
Pay-Out :
Pay-In
Pay-Out
You Pay (Includes Fee $ 3.38) $ 500
Receiving Amount
₹ 26130.2076
Realized Exchange Rate
51.91
transferwise SGD to INR Exchange Rate
52.6161
0.82% vs Best Value

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Transfer Time : 3-5 Days
Transferwise is a one of the safest & leading money transfer service provider for sending money from Singapore to India for sending amount 500. Today’s Transferwise exchange rate for sending money from SGD to INR is 52.6161 with a $ 3.38 fee. Based on the Exchange Rate IQ calculations it offers 0.82% less than the best value for your money transfer. The realized exchange rate after considering the fees is 51.91. The pay in options available are Bank, Creditcard, Debitcard, also you can receive money using Bank, at multiple Transferwise partner locations. The transfer time usually range between 3-5 Days. For more detailed review of Transferwise click here
Pay-In
Pay-Out
You Pay (Includes Fee $ 0) $ 500
Receiving Amount
₹ 22539.45
Realized Exchange Rate
45.08
ofx SGD to INR Exchange Rate
45.0789
13.87% vs Best Value

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Transfer Time :
Ofx is a one of the safest & leading money transfer service provider for sending money from Singapore to India for sending amount 500. Today’s Ofx exchange rate for sending money from SGD to INR is 45.0789 with a $ 0 fee. Based on the Exchange Rate IQ calculations it offers 13.87% less than the best value for your money transfer. The realized exchange rate after considering the fees is 45.08. The pay in options available are Bank, also you can receive money using Bank, at multiple Ofx partner locations. The transfer time usually range between . For more detailed review of Ofx click here

More Available Options

You can check rates of some more providers that may support your country
Western Union is an American financial services company which offer money remittance to more than 200 countries across the globe.
With Xendpay you get the best deal and make a big difference with every transfer
There are more than 200 countries you can send to using MoneyGram. Fees vary depending on where you are sending, how much, and how you are paying

SGD to INR - Best Money Transfer Service Review Summary

  • Which is the best option available to send money from Singapore to India after comparison?
  • With our real-time comparison on sending money from Singapore to India ,
      we have found Currencyfair remittance services who are providing competitive exchange rates.
  • Top 3 companies are - ( Currencyfair, 52.34 ) ( Instarem, 52.33 ) ( Icici, 52.22 ) .
  • To remit money in the bank account of India, best companies is ( Currencyfair, 52.34 ).
  • Current money transfer offeres/promotions are available with Currencyfair, Worldremit, Instarem, Remitmoney, Ofx money transfer services.
  • For quick money transfer from Singapore to India with agent service is Ofx with exchange rate 45.08.
  • Available pay in when sending money from Singapore to India Bank, Creditcard, Debitcard.
  • Available pay out when sending money from Singapore to India Bank, Bankdeposit, Cashcard.
  • Other options to transfer money from Singapore to India are Westernunion, Xendpay, Moneygram .
  • The comparison result was last updated on Nov 23, 2019.
  • For the latest comparison result of Singapore to India, Please visit ExchangeRate IQ regularly.

What taxes you need to pay when you transfer money to India from Singapore?

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.

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.

FAQ's

How can I send money to India from Singapore instantly?

There are multiple ways to send money to India from Australia in an instant manner which includes both banks and cash pick-up services. You can do bank transfers through Remit Money powered by Axis Bank, or can transfer using WorldRemit airtime top up, Western Union cash pick-up services and QuickRemit. All these companies provide fast and secure transfer of money from Singapore to India.

Discuss this question

Can I transfer money from Singapore to India through my bank?

Yes, most banks offer a wire transfer service, but it is usually more expensive than using the dedicated money transfer websites or remittance companies. A lot of Indian banks like ICICI, SBI, Axis, Kotak, and YES Bank also offer online remittance services. Many companies such as CurrencyFair, InstaReM also offer bank account to bank account transfer, so you can easily send the money at a lower cost to your family.
Discuss this question

What are the multiple ways to transfer money from Singapore to India?

One can transfer and receive funds to India in multiple modes including bank transfer, cash pick-up, demand draft transfer, foreign currency cheque, wire transfer, mobile top-up and online transfer. many companies also offer ACH transfers to India.
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Why do money transfer companies offer different exchange rates for India?

Different companies have different business models on which basis they deduct the fees from the amount transferred by their customers. Some offer zero fees while taking an exchange rate margin, while others ask for an upfront fee. They deduct their costs & profits from the mid-market exchange rates which make the exchange rate differences.
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Can I transfer money from Singapore to an account in another name to India?

Yes, most money transfer companies require you to add the details of the receiving party. If you are sending money to India online you will have to add the bank accounts of the receiving party. It could be your NRI/NRO account or someone in your family/friend. Many companies do not allow third-party transfers, so you mostly need your own account.
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Are money transfers regulated in Singapore?

Before starting remittance services in Singapore, one needs to take remittance license with a minimum capital of S$100,000 from the Monetary Authority of Singapore. It monitors overseas money transfers of $1,500 or more.
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Historical Mid Market Exchange Rate From Singapore Dollar (SGD) to Indian Rupee (INR) (Weekly)

Current Exchange Rate(Mid Market) :- 52.62 INR/SGD

Mid-market Rate is a currency exchange rate. Usually traders in currency exchange market have two exchange rates -
  • Selling exchange rate - at which sellers are willing to sell a particular currency and
  • Buying exchange rate - at which buyers are willing to buy a particular currency.
Mid-market rate is the mid-point of these two rates. This is the most transparent and the most accurate exchange rate. It is also known as “Interbank Rate” or “Spot Rate” or “Real Exchange Rate”. This is the rate which independent sources like Reuter, Google etc show.

Compare Currency Conversion SGD To INR

Send Singapore Dollar To INDIA Receive Indian Rupee
1 SGD TO INR 52.62
50 SGD TO INR 2631
100 SGD TO INR 5262
250 SGD TO INR 13155
500 SGD TO INR 26310
1000 SGD TO INR 52620
5000 SGD TO INR 263100
10000 SGD TO INR 526200
Send Indian Rupee Receive Singapore Dollar From INDIA
1 INR FROM SGD 0.02
50 INR FROM SGD 0.95
100 INR FROM SGD 1.9
250 INR FROM SGD 4.75
500 INR FROM SGD 9.5
1000 INR FROM SGD 19
5000 INR FROM SGD 95.02
10000 INR FROM SGD 190.04

Click To Compare Money Transfer Services For The Following

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