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Send Money from India to Singapore with BookMyForex

Singapore is a very young, modern country and an international business hub. Being an important centre of business in Asia, it attracts a lot of expats from other countries as well as students who want to pursue higher education in some of the world's renowned universities like NUS and NTU, among them Indians too. So Indians transfer Singapore Dollar from India for educational reasons as well as maintenance of their close relatives in Singapore. Singapore's healthcare is also world-famous. Indians travel to Singapore to access these medical facilities and hence people send money to Singapore from India to meet their medical expenses.

You need to ensure that you get the best currency exchange rates for an international wire transfer from India and your money should get sent in the fastest time possible. With BookMyForex.com you get guaranteed best rates when you transfer money to Singapore from India and this transfer is done in 4-48 working hours. You also have the best customer support available on all social media channels as well as on call and email to guide and keep you updated on your international money transfer to Singapore.

Modes to Send Money to Singapore from India:

You have two ways to Send money to Singapore from India :
1: Wire Transfer from India to Singapore (Swift Transfers)
2: Demand Drafts (money orders)

Doing a Wire Transfer to Singapore from India

If you are planning to send money from India to Singapore, doing a wire transfer is the best way to do so. You should keep in mind that you can save up on a lot of charges and get a better deal if you use BookMyForex & not do it directly via banks. You must also keep in mind that sometimes the beneficiary’s (receiver) bank may also apply a charge when the receiver gets the money in their bank account. You can confirm that with the banks to know better.

With BookMyForex you get to save up on a lot of money when you do an online wire transfer from India to Singapore. The Nostro charges will be there as they are levied by the beneficiary's bank.

You can also freeze and lock the currency rates (SGD) if you think the Singapore Dollar currency will rise.

How to transfer money from India to Singapore?

Taking full advantage of the fully online remittance process on BookMyForex

Executing a wire transfer from India to Singapore is super easy. Your wire transfer will be processed in the fastest time possible if you do it via BookMyForex. On BookMyForex's website, you will book the order and then sign the documents either online or offline. 

Here's how you can wire transfer from India to Singapore using BookMyForex. Take these measures simply: 

Step 1: First of all, you must check whether you are eligible to perform an outward remittance or not. Note down the sender's information along with the recipient's details. You will also be asked to state down the purpose of your remittance to Singapore.

Step 2: After you have mentioned the details, you will be required to send the documentation. It may be necessary to submit documents, such as PAN card, passport front and back page, remitter photo cum address proof, and several other documents.

Please note that the client also has the option of offline completing this process and returning to the bank to sign the papers. 

With COVID-19 in mind, it is easier to opt for a document pickup arrangement. It is also possible to connect the documents to the portal itself, that would save you a substantial amount of time. 

Step 3: You can now move the funds easily to one of BookMyForex's partner banks subsequently. 

Step 4: You will be booked for the rate you see on your screen and you will be sent a digital A2 form. You will sign it on the portal itself, so that you do not have to visit the bank. Our partnering bank will begin the transfer process and send to you a SWIFT acknowledgement.

Benefits of choosing a fully online remittance process on BookMyForex?

1: To send money to Singapore, we'd advise you to opt for the fully online remittance process of BookMyForex. We will tell you why - With that, you can book an international money transfer order in a jiffy by sitting on your couch.

2: You will probably have saved up to 2% if you book an online remittance order on BookMyForex. If you do this directly through the banks, they are going to charge you a lot extra. You also have the advantage of booking live SGD exchange rates on BookMyForex. 

3: We want to keep the method clear and efficient so that you don't have to go through the agony of reading all the documents. All you need to do is submit the documents on our platform, and we're done. It's so quick, believe us! 

4: We believe in absolute honesty at BookMyForex and treat the money of the customers as our own money. BookMyForex makes remittances possible in India through trusted banks. We also follow the instructions and keep the state checked before the currency is sent to the receiver in Singapore from India. 

Notes:

All foreign currency transactions are subject to Service Tax.

Foreign Exchange and Money Transfer services are available though Tied-up Reserve Bank of India approved Authorized Dealers only. All foreign exchange transactions are subjected to AML/CFT/KYC & FEMA policies instructed by Reserve Bank of India.