Loading...
Send money from Singapore to India(SGD → INR)
SGD
INR|Updated recentlyMid-market 75.1654Cheapest todayof 15 providers
Western Union
Rate 75.2856 · Fee S$3.50
You send
S$1,000
Recipient gets
₹75,022
₹460 more than the most expensive provider
Affiliate link · No extra cost to you
Quick answer: The cheapest way to send money from Singapore to India in May 2026 is Western Union, which delivers 75,022.14 INR on a 1,000 SGD transfer with a fee of S$3.50. According to SendMoneyCompare's comparison of 15 providers updated every 6 hours, the difference between the cheapest and most expensive provider on this corridor is 458 INR.
Last reviewed: by Awais Imran, Reviews Editor
↑
Rates are great right now
99th percentile
Based on 61 days of data (2026-03-13 to 2026-05-21)
Today's best
₹7,557.83
Ria Money Transfer
61-day avg
1 SGD = 73.36 INR
Best rate
75.14
2026-05-14 · Ria Money Transfer
Worst rate
72.00
2026-03-14 · InstaReM
What is the cheapest way to send SGD to INR?
Sending S$1,000 from Singapore to India. Sorted by best value — most money received.
Source: SendMoneyCompare · Data updated every 6 hours from live provider APIs
#ProviderRateFeeRecipient gets
Rate 75.2856·Fee S$3.50
↑ 3.5% over 55dAvg: 72.86 INR (+3.0% vs avg)Range: 72.52–75.16
1
75.2856
S$3.50
₹75,022.14
Rate 75.0000·Fee Free·0.22% markup
Best rate 34 of 61 days
↑ 3.3% over 51dAvg: 72.82 INR (+3.0% vs avg)Range: 72.63–75.14
2
Minutes to 2 days0.22% markup
Best rate 34 of 61 days
↑ 3.3% over 51dAvg: 72.82 INR (+3.0% vs avg)Range: 72.63–75.14
75.0000
Free
₹75,000.01
Rate 75.1052·Fee S$1.50·0.08% markup
↑ 3.0% over 55dAvg: 73.24 INR (+2.5% vs avg)Range: 72.93–75.46
3
75.1052
S$1.50
₹74,992.59
Rate 75.2405·Fee S$4.01
Rate up 4.4%
↑ 4.3% over 61dAvg: 73.58 INR (+2.3% vs avg)Range: 72.03–75.40
4
75.2405
S$4.01
₹74,938.83
Rate 74.9850·Fee S$5.50·0.24% markup
↑ 4.1% over 61dAvg: 73.36 INR (+2.2% vs avg)Range: 71.82–75.33
5
74.9850
S$5.50
₹74,572.56
Rate 74.6693·Fee S$1.61·0.66% markup
↑ 2.8% over 55dAvg: 72.88 INR (+2.4% vs avg)Range: 72.59–75.01
6
74.6693
S$1.61
₹74,549.07
Rate 74.5490·Fee Free·0.82% markup
↑ 4.3% over 60dAvg: 72.92 INR (+2.2% vs avg)Range: 71.40–74.81
7
1-3 business days0.82% markup
↑ 4.3% over 60dAvg: 72.92 INR (+2.2% vs avg)Range: 71.40–74.81
74.5490
Free
₹74,549.02
Rate 74.0755·Fee S$3.99·1.45% markup
↑ 4.1% over 61dAvg: 72.71 INR (+1.9% vs avg)Range: 71.08–74.44
8
Minutes to 3-5 days1.45% markup
↑ 4.1% over 61dAvg: 72.71 INR (+1.9% vs avg)Range: 71.08–74.44
74.0755
S$3.99
₹73,779.92
Rate 74.9549·Fee S$33.00·0.28% markup
↑ 0.1% over 8dAvg: 74.78 INR (+0.2% vs avg)Range: 74.53–75.20
9
74.9549
S$33.00
₹72,481.40
Rate 73.7598·Fee S$30.00·1.87% markup
↑ 4.1% over 60dAvg: 72.32 INR (+2.0% vs avg)Range: 70.51–73.98
10
73.7598
S$30.00
₹71,546.99
Rate 72.5271·Fee S$15.00·3.51% markup
Rate 73.2637·Fee S$25.59·2.53% markup
Rate 72.9104·Fee S$40.00·3.00% markup
↑ 4.1% over 60dAvg: 71.44 INR (+2.1% vs avg)Range: 69.81–73.42
13
72.9104
S$40.00
₹69,994.00
Rate 73.0908·Fee S$55.59·2.76% markup
Rate 74.5641·Fee Free·0.80% markup
Potential savings: Choosing the best provider over the most expensive saves your recipient ₹458.08 on a S$1,000 transfer.
Some links on this page are affiliate links. We may earn a commission at no extra cost to you. This does not affect our rankings, which are based on real transfer data. Editorial policy
Singapore is home to a large and growing Indian expat community, including tech professionals, finance workers, and students. The SGD to INR corridor is one of the most active remittance routes in Southeast Asia.
Indians are the largest expat group in Singapore, with over 650,000 residents. The SGD to INR corridor is well-served by global providers like Wise, Remitly, and InstaReM (Nium), alongside local players like DBS Remit and SingX. On a SGD 1,000 transfer, the difference between the best and worst providers can mean ₹2,000–₹4,000 less reaching your recipient. DBS Remit is popular for its integration with DBS/POSB accounts, but specialist providers typically offer better rates.
Which provider offers the best SGD to INR rate?
Western Union
4.3Exchange rate
75.2856
Fee
S$3.50
Recipient gets
₹75,022.14
Speed
Instant
What matters on the Singapore to India corridor
Singapore's large Indian diaspora and strong fintech ecosystem make SGD to INR a well-served corridor. MAS-regulated providers compete aggressively on rates, and UPI delivery in India means recipients can access funds almost instantly.
- UPI and IMPS delivery to Indian bank accounts arrives within minutes from most Singapore-based providers. India's payment infrastructure is among the most advanced globally, enabling 24/7 instant transfers to virtually any Indian bank account.
- PayNow and FAST funding from Singapore bank accounts is supported by most providers, making it quick and free to fund your transfer. This removes the delays associated with traditional bank transfers on the sending side.
- Instarem (now Nium-backed) was founded in Singapore and is particularly strong on the SGD to INR corridor, often offering competitive rates and low fees. Wise is also well-established in Singapore with MAS licensing.
- All money transfer providers in Singapore must hold a Major Payment Institution (MPI) or Standard Payment Institution (SPI) licence from the Monetary Authority of Singapore (MAS). Verify licensing before using any provider.
Check if your provider passes through the full mid-market rate
On this competitive corridor, some providers advertise 'zero fees' but add a 1–2% markup to the SGD/INR exchange rate. Always compare the total amount your recipient will receive (in INR) rather than comparing fees alone — the exchange rate margin is where most of the cost hides.
For recurring transfers, it is worth checking live quotes each time rather than relying on one provider by habit. Competition on this corridor is strong enough that rankings can shift meaningfully with market moves.
Which provider is best for each transfer type?
Different providers excel at different things. Here's who's best for each use case on the Singapore to India route.
Cheapest transfer
Western Union
Delivers the most INR for your money
Fastest transfer
Western Union
Delivers in Instant
Cash pickup
Western Union
Widest cash pickup network
Bank transfer
Western Union
Best rate for bank deposit to India
How to send money to India
Sending money to India is straightforward with the right provider. Here's how it works in 3 simple steps.
Step 1
Enter your transfer details
Choose how much SGD you want to send, compare providers above, and pick the one offering the best INR amount for your transfer to India.
Step 2
Add your recipient
Enter your recipient's details in India — you'll need their bank account number. Most providers verify details instantly.
Step 3
Send & track your transfer
Pay using bank transfer, debit card, or credit card. Track your money in real-time until it arrives — bank deposit (imps) typically takes minutes.
What you need to send money to India
Make sure you have these details from your recipient before starting your transfer.
Full name
Recipient's name exactly as it appears on their bank account
Bank account number
Indian bank account number (9–18 digits depending on the bank)
Example: 50100002345678
IFSC code
11-character Indian Financial System Code identifying the specific bank branch
Example: HDFC0001234
Bank name & branch
Name of the bank and branch (e.g. HDFC Bank, Andheri West Branch)
Note: India does not use the IBAN system. Instead, you need the recipient's bank account number and IFSC code. The IFSC code uniquely identifies each bank branch and is printed on cheque books or available on the bank's website.
Transfer examples: SGD to INR
See how much your recipient would get for common transfer amounts.
Send S$500
ProviderFeeReceives
Wise
75.24 · Instant
Ria Money Transfer
75.00 · Minutes to 2 days
Revolut
75.11 · 0-1 days
InstaReM
74.98 · 1-3 business days
Western Union
75.06 · Instant
HSBC Singapore
74.55 · 1-3 business days
ProviderFeeRateReceivesSpeed
WiseS$1.0575.24₹37,541Instant
Ria Money TransferFree75.00₹37,500Minutes to 2 days
RevolutS$0.9075.11₹37,4890-1 days
InstaReMS$0.5574.98₹37,4511-3 business days
Western UnionS$1.5075.06₹37,417Instant
HSBC SingaporeFree74.55₹37,2751-3 business days
Send S$1,000
ProviderFeeReceives
Western Union
75.29 · Instant
Ria Money Transfer
75.00 · Minutes to 2 days
Revolut
75.11 · 0-1 days
Wise
75.24 · Instant
InstaReM
74.98 · 1-3 business days
CurrencyFair
74.67 · 0-6 days
ProviderFeeRateReceivesSpeed
Western UnionS$3.5075.29₹75,022Instant
Ria Money TransferFree75.00₹75,000Minutes to 2 days
RevolutS$1.5075.11₹74,9930-1 days
WiseS$4.0175.24₹74,939Instant
InstaReMS$5.5074.98₹74,5731-3 business days
CurrencyFairS$1.6174.67₹74,5490-6 days
Send S$5,000
ProviderFeeReceives
Western Union
75.29 · Instant
Ria Money Transfer
75.00 · Minutes to 2 days
Revolut
75.11 · 0-1 days
Wise
75.24 · Instant
InstaReM
74.98 · 1-3 business days
CurrencyFair
74.67 · 0-6 days
ProviderFeeRateReceivesSpeed
Western UnionS$17.5075.29₹375,111Instant
Ria Money TransferFree75.00₹375,000Minutes to 2 days
RevolutS$7.5075.11₹374,9630-1 days
WiseS$20.0575.24₹374,694Instant
InstaReMS$27.5074.98₹372,8631-3 business days
CurrencyFairS$8.0574.67₹372,7450-6 days
How much does it cost to send money from Singapore to India?
Fees range from SGD 0 (Wise, InstaReM for bank-funded transfers) to SGD 10–25 for bank wire services. DBS Remit offers fee-free transfers but may have slightly wider exchange rate spreads. The exchange rate markup is typically the bigger cost — compare total INR received.
Understanding the total cost
The true cost of a money transfer has two components:
Transfer fee
The upfront charge — typically S$0–S$10 with specialist providers.
Exchange rate markup
The hidden cost — the difference between the provider's rate and the mid-market rate (75.1654).
Ways to send money to India
Choose how you want to pay for your transfer. Each payment method has different costs and speeds.
IMPS is the preferred delivery method for speed and convenience — it works 24/7 and reaches virtually every bank account in India. For recipients in rural areas, cash pickup through Western Union or MoneyGram agent networks remains important.
Bank Transfer
Low costSpeed: 1–3 business days
Usually the cheapest option — lowest fees and no card processing charges
Debit Card
Medium costSpeed: Minutes to hours
Fast and convenient — small card processing fee applies
Credit Card
Higher costSpeed: Minutes to hours
Fastest option but highest fees — card issuer may charge cash advance fee
Cash
Medium costSpeed: Varies
Pay cash at an agent location — available at select providers
Apple Pay
Medium costSpeed: Minutes to hours
Convenient mobile payment — linked card fees apply
How can my recipient receive money in India?
Your recipient in India can receive money through these delivery methods. The best option depends on their location and preferences.
Bank Deposit (IMPS)
Minutes
Instant transfer via India's IMPS system to any bank account. Available 24/7 including weekends and holidays.
WiseRemitlyWorldRemitInstaReM+1 more
Bank Deposit (NEFT)
2–4 hours
Transfer via NEFT during banking hours. Settles in batches throughout the day.
WiseRemitlyOFX
UPI Transfer
Minutes
Direct transfer to UPI-linked bank accounts. Growing in popularity for remittances.
RemitlyGoogle Pay
Cash Pickup
Minutes
Recipient collects cash from agent locations across India — available through banking correspondents and retail partners.
Western UnionMoneyGramRia Money TransferXoom (PayPal)
Mobile Wallet
Minutes
Transfer to Paytm or other digital wallets. Useful when the recipient prefers digital payment over bank deposit.
WorldRemit
What are the transfer limits and regulations for India?
Important rules and requirements to know before sending money to India.
Regulatory body
Reserve Bank of India (RBI)
Inbound transfer limits
No cap on inbound remittances under RBI's Liberalised Remittance Scheme (LRS) — LRS limits only apply to outbound transfers from India
Documentation you may need
- Government-issued photo ID (passport, driver's license, or state ID)
- Social Security Number or equivalent tax ID (for US/UK/Canadian senders)
- Proof of address for first-time transfers with most providers
Important things to know
- India's Tax Collected at Source (TCS) applies only to outbound remittances from India, not to money received from abroad.
- Amounts over $10,000 (or equivalent) must be reported under sending country regulations (e.g. US Bank Secrecy Act).
- Recipient must have a PAN card (Permanent Account Number) for amounts exceeding INR 50,000 credited to their bank account in some cases.
- NRI (Non-Resident Indian) accounts like NRE and NRO have different rules — check with the recipient's bank if they hold an NRI account.
How long does it take to send money to India?
IMPS and UPI transfers to India arrive within minutes from most providers. Standard bank deposits take 1–2 business days. DBS Remit and InstaReM offer same-day delivery in many cases.
FastExpress delivery
- Western UnionInstant
- Ria Money TransferMinutes to 2 days
- WiseInstant
- RemitlyMinutes to 3-5 days
Standard delivery
- Revolut0-1 days
- InstaReM1-3 business days
- CurrencyFair0-6 days
- HSBC Singapore1-3 business days
- MoneyGram0-1 days
Popular banks in India
These are the most commonly used banks for receiving international transfers in India.
BankSWIFT/BICNotes
State Bank of India (SBI)
SBININBBXXX
HDFC Bank
HABORINBXXX
ICICI Bank
ABORINBBXXX
Axis Bank
AXISINBBXXX
Punjab National Bank (PNB)
PUNBINBBXXX
Kotak Mahindra Bank
ABORINBKXXX
Bank of Baroda
BARBINBBXXX
Canara Bank
ABORINBBXXX
SGD to INR Exchange Rate History
Daily best exchange rates from top providers over the last 61 days. Rates shown are for sending $100.
| Date | Remitly | InstaReM | Wise | __mid Market__ | Ocbc |
|---|---|---|---|---|---|
| Trend | |||||
| May 21 | 74.0746 | 74.9838 | 75.2375✓ | 74.9838 | 73.7606 |
| May 20 | 74.3227 | 75.2192 | 75.4035✓ | 75.2192 | 73.7417 |
| May 19 | 74.4410 | 75.3346 | 75.3783✓ | 75.3346 | 73.9789 |
| May 18 | 73.9613 | 74.8941 | 74.8959✓ | 74.8941 | 73.4353 |
| May 17 | 74.0000 | 74.8616 | 74.9613✓ | 74.8616 | 73.4713 |
| May 16 | 74.0000 | 74.8616 | 74.9613✓ | 74.8616 | 73.4713 |
| May 15 | 74.0111 | 74.8847 | 74.9530✓ | 74.8847 | 73.4791 |
| May 14 | 74.2471 | 75.1581 | 75.1737✓ | 75.1581 | 73.7142 |
| May 13 | 74.2845 | 75.1897✓ | 75.1759 | 75.1897✓ | 73.7227 |
| May 12 | 74.0409 | 74.9645 | 75.0295✓ | 74.9645 | 73.5221 |
| May 11 | 73.9617 | 74.3604 | 74.4335✓ | 74.3604 | 73.0098 |
| May 10 | 74.0900 | 74.4398 | 74.5363✓ | 74.4398 | 73.3465 |
| May 9 | 74.0900 | 74.4398 | 74.5363✓ | 74.4398 | 73.3465 |
| May 8 | 73.9149 | 74.3181✓ | 74.2819 | 74.3181✓ | 72.8093 |
| May 7 | 74.3296 | 74.7251✓ | 74.6558 | 74.7251✓ | 73.2136 |
| May 6 | 74.3268 | 74.7287✓ | 74.6310 | 74.7287✓ | 73.3510 |
| May 5 | 73.9606 | 74.3572 | 74.5846✓ | 74.3572 | 72.9136 |
| May 4 | 72.1300 | 72.9675 | 74.4314✓ | 72.6300 | — |
| May 3 | 74.1000 | 74.4508✓ | 74.4209 | 74.4508✓ | 73.2796 |
| May 2 | 74.1000 | 74.4508✓ | 74.4209 | 74.4508✓ | 73.2796 |
| May 1 | 73.6344 | 74.5216 | 74.5708✓ | 74.5216 | 73.4156 |
| Apr 30 | 73.1580 | 72.9675 | 74.1700✓ | 73.1580 | 72.5893 |
| Apr 29 | 73.1443 | 72.9675 | 74.1362✓ | 73.1443 | 72.5989 |
| Apr 28 | 73.0447 | 72.9675 | 73.9698✓ | 73.0447 | 72.5181 |
| Apr 27 | 72.9985 | 72.9675 | 73.8437✓ | 72.9985 | 72.4092 |
| Apr 26 | 72.9500 | 72.9675 | 73.7238✓ | 72.9500 | 72.3798 |
| Apr 25 | 72.9500 | 72.9675 | 73.7238✓ | 72.9500 | 72.3798 |
| Apr 24 | 72.7700 | 72.9675 | 73.7326✓ | 72.7700 | 72.4087 |
| Apr 23 | 72.6367 | 72.9675 | 73.6078✓ | 72.6367 | 72.1986 |
| Apr 22 | 72.5429 | 72.9675 | 73.5053✓ | 72.5429 | 72.0876 |
| Apr 21 | 72.3720 | 73.1512 | 73.2609✓ | 73.1512 | 71.8268 |
| Apr 20 | 71.7758 | 72.7574 | 72.8003✓ | 72.7574 | 71.5333 |
| Apr 19 | 72.0000 | 72.7773 | 72.8889✓ | 72.7773 | 71.2611 |
| Apr 18 | 72.0000 | 72.7773 | 72.8889✓ | 72.7773 | 71.2611 |
| Apr 17 | 72.1710 | 72.9368 | 73.0542✓ | 72.9368 | 71.7724 |
| Apr 16 | 72.1300 | 73.3705 | 73.4826✓ | 73.3705 | 72.1233 |
| Apr 15 | 72.1300 | 73.2345✓ | 73.2345✓ | 73.2345✓ | 72.3827 |
| Apr 14 | 72.1300 | 73.1681 | 73.1842✓ | 73.1681 | 72.2202 |
| Apr 13 | 72.1300 | 71.8237 | 72.9718✓ | 71.8237 | 70.5130 |
| Apr 12 | 72.1300 | 72.9885 | 73.0761✓ | 72.9885 | 72.0558 |
| Apr 11 | 72.1300 | 72.9885 | 73.0761✓ | 72.9885 | 72.0558 |
| Apr 10 | 72.1300 | 72.5609 | 72.6805✓ | 72.5609 | 71.8713 |
| Apr 9 | 72.1300 | 72.5529 | 72.5998✓ | 72.5529 | 71.5545 |
| Apr 8 | 72.1300 | 72.4904 | 72.5633✓ | 72.4904 | 71.5895 |
| Apr 7 | 71.2850 | 72.4216✓ | 72.2088 | 72.4216✓ | 71.1919 |
| Apr 6 | 71.5175 | 72.4490 | 72.4918✓ | 72.4490 | 71.4241 |
| Apr 5 | 71.0869 | 71.9560 | 72.0357✓ | 71.9560 | 71.1943 |
| Apr 4 | 71.0869 | 71.9560 | 72.0357✓ | 71.9560 | 71.1943 |
| Apr 3 | 71.0786 | 71.9695 | 72.0301✓ | 71.9695 | 71.1860 |
| Apr 2 | 71.3654 | 72.3018 | 72.3342✓ | 72.3018 | 71.4732 |
| Apr 1 | 71.3466 | 72.2382 | 72.1908 | 72.2382 | 72.4263✓ |
| Mar 31 | 71.8872 | 72.7818✓ | 72.7432 | 72.7818✓ | 72.0189 |
| Mar 30 | 72.2041 | 73.0611 | 73.0860✓ | 73.0611 | 72.0651 |
| Mar 29 | 72.5746 | 73.4256 | 73.4497✓ | 73.4256 | 72.1798 |
| Mar 28 | 72.5140 | 73.4105 | 73.4875✓ | 73.4105 | 72.1931 |
| Mar 18 | 71.5409 | 72.3906 | 72.3931 | 72.3987✓ | 71.3416 |
| Mar 17 | 71.3559 | 72.2141 | 72.2335✓ | 72.2335✓ | 71.1750 |
| Mar 16 | 71.3627 | 72.2102 | 72.2445✓ | 72.2445✓ | 71.5259 |
| Mar 15 | 71.2100 | 72.0400 | 72.1003✓ | 72.1003✓ | 70.8392 |
| Mar 14 | 71.1700 | 72.0010 | 72.1003✓ | 72.1003✓ | 70.8392 |
| Mar 13 | 71.1700 | 72.0370 | 72.1003✓ | 72.1003✓ | 70.8392 |
Common questions about sending money from Singapore to India
What is the cheapest way to send money from Singapore to India?
Wise and InstaReM consistently offer the best total value for SGD to INR transfers. Wise provides the mid-market rate with a small fee. InstaReM (now Nium) offers competitive rates with Singapore-based support. DBS Remit is convenient for DBS/POSB account holders.
How long does a transfer from Singapore to India take?
IMPS and UPI-enabled transfers arrive within minutes. Standard bank deposits take 1–2 business days. DBS Remit and InstaReM often deliver same-day for early submissions.
Is DBS Remit a good option for sending money to India?
DBS Remit is convenient if you have a DBS or POSB account, with fee-free transfers and easy setup. However, their exchange rate markup is typically higher than Wise or InstaReM. Compare the total INR received before choosing.
Can I send money to India using PayNow from Singapore?
PayNow is a domestic payment system and cannot directly send money internationally. However, some providers accept PayNow as a funding method, allowing you to transfer funds easily from your Singapore bank account to initiate an international transfer.
Are there limits on sending money from Singapore to India?
Most providers allow transfers up to SGD 30,000–50,000 per transaction. Singapore does not impose capital controls on outbound remittances. India's Liberalised Remittance Scheme does not restrict inbound transfers. Large transactions may require additional identity verification.
Everything about sending money to India
Recipient requirements, delivery methods, regulations, popular banks, and more.
More transfers from Singapore
Other routes to India
Popular corridors
Top provider reviews
Useful guides
Compare all providers for Singapore to India
Enter your exact amount to see personalised quotes from every provider on this route.
Compare providers now