Send Money to India from Singapore at Best Exchange Rates Today

Highest remittance rate for converting Singapore Dollar to Indian Rupee is 1 SGD = 50.49 INR

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Compare 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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BEST VALUE FASTEST
Pay-In
Pay-Out
You Pay (Includes Fee $ 1.25) $ 501.25
Receiving Amount
₹ 25310
Realized Exchange Rate
50.49
instarem SGD to INR Exchange Rate
50.62
Best Value

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Transfer Time :
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 50.62 with a $ 1.25 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 50.49. 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 . For more detailed review of Instarem click here
Pay-In
Pay-Out
You Pay (Includes Fee ₹ 0) $ 500
Receiving Amount
₹ 25187.5
Realized Exchange Rate
50.38
currencyfair SGD to INR Exchange Rate
50.375
0.22% vs 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 50.375 with a ₹ 0 fee. Based on the Exchange Rate IQ calculations it offers 0.22% less than the best value for your money transfer. The realized exchange rate after considering the fees is 50.38. 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 $ 0) $ 500
Receiving Amount
₹ 25090
Realized Exchange Rate
50.18
remitmoney SGD to INR Exchange Rate
50.18
0.61% 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 50.18 with a $ 0 fee. Based on the Exchange Rate IQ calculations it offers 0.61% less than the best value for your money transfer. The realized exchange rate after considering the fees is 50.18. 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 $ 0) $ 500
Receiving Amount
₹ 25070
Realized Exchange Rate
50.14
icici SGD to INR Exchange Rate
50.14
0.69% vs Best Value

SEND NOW

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 50.14 with a $ 0 fee. Based on the Exchange Rate IQ calculations it offers 0.69% less than the best value for your money transfer. The realized exchange rate after considering the fees is 50.14. 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
₹ 25052.95
Realized Exchange Rate
50.11
kotak SGD to INR Exchange Rate
50.1059
0.75% vs Best Value

SEND NOW

Transfer Time : 1-2 Days
Kotak is a one of the safest & leading money transfer service provider for sending money from Singapore to India for sending amount 500. Today’s Kotak exchange rate for sending money from SGD to INR is 50.1059 with a $ 0 fee. Based on the Exchange Rate IQ calculations it offers 0.75% less than the best value for your money transfer. The realized exchange rate after considering the fees is 50.11. The pay in options available are Bank, also you can receive money using Bank, at multiple Kotak partner locations. The transfer time usually range between 1-2 Days. For more detailed review of Kotak click here
2 More Options Available

You Pay
(Sending Amount + Fee)

Exchange Rate
(kotak / Realized)

Receiving Amount
(Receiving Amount)

$ 500
Pay-In :
50.1059 / 50.11
2-3 Days
₹ 25052.95
Pay-Out :
$ 500
Pay-In :
50.1059 / 50.11
3-5 Days
₹ 25052.95
Pay-Out :
Pay-In
Pay-Out
You Pay (Includes Fee $ 4) $ 504
Receiving Amount
₹ 25170
Realized Exchange Rate
49.94
quickremit SGD to INR Exchange Rate
50.34
1.09% vs Best Value

SEND NOW

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 50.34 with a $ 4 fee. Based on the Exchange Rate IQ calculations it offers 1.09% less than the best value for your money transfer. The realized exchange rate after considering the fees is 49.94. 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
₹ 24895
Realized Exchange Rate
49.79
yesremit SGD to INR Exchange Rate
49.79
1.39% 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 49.79 with a $ 0 fee. Based on the Exchange Rate IQ calculations it offers 1.39% less than the best value for your money transfer. The realized exchange rate after considering the fees is 49.79. 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 :
50.07 / 49.77
2-3 Days
₹ 25035
Pay-Out :
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
10.71% vs Best Value

SEND NOW

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 10.71% 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
WorldRemit is an online money transfer service that provides international remittance services to expatriates and migrant workers
Make money transfers and manage your account online 24 hours a day, 7 days a week from any device. XE Money has some best customer reviews we have ever seen, which shows that the users are satisfied with its services.
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
World First is a UK-based foreign exchange company. It offers currency exchange and international payments to private clients, corporate and e-Commerce clients in the UK and a number of other countries.
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

Money Transfer Summary

By Exchangerate IQ
  • Instarem offering best value with the highest realized exchange rate today.
  • the fastest money transfer service to send money from Singapore to India.
  • Offers are available on Instarem, Currencyfair, Remitmoney, Ofx money transfer services.
  • Available pay in when sending money from Singapore to India Bank.
  • Available pay out when sending money from Singapore to India Bank, Cashcard.
  • 8 money transfer services are available to send money from Singapore to India.
  • The comparison result was last updated on May 27, 2019.
  • Money transfer guide for "India" leads you to get better understanding of compare remit.
  • Check Worldremit, Xemoneytransfer, Westernunion, Xendpay, Worldfirst, Moneygram also when sending money to India from Singapore.These money transfer services might support it.
  • For the latest comparison result of Singapore to India, Please visit ExchangeRate IQ regularly.

How to find the best money transfer to India from Singapore

Singapore to India is not a highly competitive remittance corridor; there are only a few companies and banks which offer their services here. They provide multiple offers to give discount on transfer fees and best exchange rates. But the major question arises that after seeing competitive exchange rates, which company you should pick to transfer funds from Singapore to India. Not only this, you should pick the company where your recipient will also receive more money if you choose a provider that offers excellent rates and low transfer fee.

A lot of banks, MTOs and startups are offering these services to customers with multiple offers and benefits. Due to this competition, consumers now have a large number of choices and negotiating power. But again the question arises is which is the “best money transfer company,” according to your needs and requirement of the recipient. So, here are few base points which you should consider before transferring Singaporean Dollar to Rupees:

  1. Speed: How soon you want your money to reach the recipient? If you want to transfer money faster, you can use CurrencyFair Money transfer, which mostly provides instant transfer through multiple modes. While, if you have no emergency, then you can use services of InstaReM, OFX, Kotak Click2Remit and QuickRemit, which will deliver money in 3-5 working days.
  1. Exchange Rate: The companies offer different exchange rates depending on the fees they are charging and their margin of profit. For example, InstaReM provides live mid-market exchange rates with a minimum transfer fee of 0.25%, whereas, other companies offer live exchange rates with minimum margin and transfer fee. In CurrencyFair, you can choose your own rates and exchange immediately at excellent exchange rates.
  1. Fees and Other Taxes: There are taxes levied on every transfer depending upon the policies of both the countries which will be deducted from the amount paid. The fee is charged by companies on different types of transfers. Before transferring, first, watch out that you will not end up paying more than you should.
  1. Transfer Convenience: If one can transfer in an easy way without any support of customer assistance, then the company is considered as highly convenient. You can make transfers online without physically visiting its office. In the era of digitalization, mobile apps are also necessary which can ease the transfers anytime anywhere. CurrencyFair, InstaReM, Kotak Click2Remit, and OFX money transfer are offering their mobile apps.

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 long does an international money transfer to India take from Singapore?

Most of the money remittance companies take three to five working days, while some of them can transfer funds in a couple of hours. Money order, cheque and demand draft can even take up to two weeks. For example, InstaReM and CurrenyFair offer transfer within 1-2 days while RemitMoney powered by Axis Bank offers same day transfer. So, you should always check with the transferring company before you send your money.
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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.
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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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