Save up to 5% on Money Transfers to
SINGAPORE

  • Send money from India at interbank-linked best rate
  • Same-day transfers; as fast as 6 hours*
  • Simple 5 minute digital booking process
  • Zero transfer charges (use code: ZEROBANKFEE)
  • Secure transfers abroad via partner banks & RBI authorized agencies

ZERO

  • Commission
  • Loading Charges
  • Re-loading Charges

Exchange Rate:

Total:

Today's Money Transfer Rates

Comparison: BookMyForex.com vs Others

MONEY TRANSFER ABROAD BookMyForex. com Other Forex providers*
Service Charges ZERO ₹200
Bank Charges ₹ 225 ZERO ₹ 1000
OVERALL HIDDEN CHARGES ₹ 0 ₹1200
* Other Forex providers include Online and offline companies. BookMyForex.com charges a Bank Fee of Rs. 225 which is paid back to the customer as cash back post order completion (use promo code: ZEROBANKFEE). Beneficiary's bank or intermediatory banks overseas may apply additional charges to customers as per local arrangement or inter-bank arrangements

Do Money Transfer for following purpose

A Close Relative Abroad or Your Own Account
Overseas Education
Foreign Investments
Medical Institution/ Hospital
For Immigration
Booking Your Tour

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BookMyForex is Rated 4.7 out of 5 Stars by Trustpilot Based on Over 1078 Reviews Rating as of 5th Jun'24

Experience the BookMyForex Advantage: Faster, Cheaper, Simpler


Best Rates, Zero Fees

Get interbank-linked best exchange rates with zero transfer fees. Save up to 5% compared to banks and other platforms.


24x7 Digital Booking

Send money to 150+ countries with our simple 5-minute online booking process, available 24/7.


Same Day Transfers

Lightning-fast international transfers! Send money abroad the same day – often in as little as 6 hours.


Trusted Banking Partners

Your money is safe. We partner with trusted banks & RBI-authorized agencies to ensure secure transfers.

How to Transfer Money in 4 easy steps

  • Set Up Your Transfer: Input the amount and pick your currency to instantly view rates and fees
  • Upload Documents: Upload the required documents based on your transfer purpose
  • Add Recipient Details: Provide the beneficiary’s bank account details
  • Make Payment: Pay easily via UPI, net banking, or other methods. Your transfer will be processed after a quick verification

Online Remittance - How It Works

Send Money from India to Singapore with BookMyForex

As a major business hub in Asia, Singapore draws numerous expatriates, including many from India, as well as students seeking higher education. The country is also renowned for its world-class healthcare. Hence, many Indians transfer Singapore Dollars from India for educational purposes, to support their relatives, for medical expenses, and more. To ensure you get the most favorable exchange rates for such transfers, you can rely on BookMyForex, India’s most trusted forex platform.

Exclusive Tie-Ups With Leading Banks for International Money Transfer 

BookMyForex has partnered with top Indian banks such as Yes Bank and RBL Bank, in addition to other reputable service providers. This collaboration guarantees that we deliver a fast, secure, and cost-effective international money transfer service in India.

Ways of Sending Money to Singapore from India:

You have primarily two ways to transfer money abroad:

1: Wire Transfer (swift transfers)

2: Demand Drafts (money orders)

What is a Wire Transfer?

If you're planning to send money from India to Singapore, a wire transfer is the most efficient method. By using BookMyForex for wire transfers instead of going directly to banks, you can save significantly on fees and secure the best exchange rates. The transfer typically takes only 12 to 48 hours to complete.

What is a Foreign Currency Demand Draft?

Typically, demand drafts are physical paper drafts issued in foreign currencies and provide a convenient way to send funds to Singapore. However, it is important to note that this method is more time-consuming and can take several days for the funds to reach the recipient.

How to Transfer Money from India to Singapore with BookMyForex?

BookMyForex makes wire transfers from India to Singapore incredibly simple. Your funds will be transferred in the fastest time possible. You can place your order either on the BookMyForex website or on the mobile app. Simply follow the below steps:

1. Set Up Your Transfer: Enter the amount and select your currency to check rates and fees instantly

2. Upload Documents: Upload the necessary documents based on the purpose of your transfer 

3. Add Recipient Details: Share the beneficiary’s bank account details

4. Make Payment: Pay via UPI, net banking, or other methods. Your transfer will be processed after a quick verification

*Educational remittances are processed within 6 hours; all other remittances are processed within 12-48 hours.

Why is BookMyForex the Best Platform for International Money Transfers?

BookMyForex is regarded as India's most reliable platform for money transfers abroad. Here are some of the reasons why the platform is the preferred choice for many:

1. Online Booking Process: Our seamless online booking process is designed for efficiency, allowing you to book your remittance order in just five minutes.

2. Live and Transparent Rates: Our platform displays live, transparent transfer rates 24/7, enabling you to place your order at any convenient time.

3. Most Affordable Services: With BookMyForex, you can save up to 5% on remittance orders. Enjoy the most competitive rates and zero transfer fees. 

4. Book Now, Pay Later Option: This innovative feature allows customers to lock in rates for up to three days by making a refundable 2% deposit.

5. Fastest Method of Transfer: Wire transfers via BookMyForex are significantly faster than demand drafts, typically processed within 12 to 48 working hours.

6. Best & Reliable Services: We prioritize a secure and hassle-free experience for our customers by partnering with reputable and authorized banks to process remittances.

7. Discounts Available for Students: Under our "BookMyForex Student Offer," students transferring tuition fees to Singapore can benefit from exclusive discounts and cashback.

Factors to Consider When Sending Money from India to Singapore

1. Exchange Rate: To maximize the value of your transfers, compare exchange rates from various service providers.

2. Transfer Fees: Understand the fee structure to avoid unexpected costs and identify the most cost-effective transfer option.

3. Transfer Speed: Choose a service that matches your urgency—whether you need a rapid transfer or can opt for a slower, more economical option.

4. Service Provider: Select a trusted service provider, ideally one that partners with authorized banks and offers transparent exchange rates.

5. Regulatory Compliance: Ensure your provider facilitates smooth transfers by adhering to the regulatory norms of both countries involved.

6. Security: Prioritize a platform that employs top-rated security features to safeguard your financial and personal information.

7. Tax Collected at Source (TCS): Be aware that TCS of 5% applies to education and medical remittances, and 20% for other remittances exceeding INR 7 lakh in a fiscal year. Transfers under INR 7 lakh within a fiscal year are exempt from TCS.

Frequently Asked Questions

As per RBI guidelines, outward remittances are not permitted in high-risk countries indicated by FATF (Financial Action Task Force). The list gets updated from time to time. For more information please refer to the information available on Fatf-gafi.org

BookMyForex processes the remittances via trusted and authorized Banks in India. We track the orders and keep you posted with the progress until the remittance is sent from India to the beneficiary's account. Your online transaction on BookMyForex.com is processed over a secure HTTPS connection and secured with the highest levels of encryption available. All credit card and debit card payments on BookMyForex.com are processed through a secure and trusted payment gateway and your credit card/ debit card/ net-banking info is never stored on our servers.

It usually takes 12-48 business hours for the money to get transferred. In case you want to know about the status of your transfer, you can simply call us at 9212219191 or drop us an email and we will get back to you at the earliest.

Yes, you will receive a SWIFT copy via email for your international money transfer order upon your order confirmation. In case you have any queries, you can simply call us at 9212219191 and we will be happy to assist you.

These are the details of beneficiary that you will need to transfer from India to Singapore:

 

- Beneficiary Bank Name, Swift Code, Routing number & Correspondent Account No.

- Beneficiary Name, Address (as given in bank)

- Remitter Name, Account Number and Purpose of Transaction with KYC.

- Filled A2 Form cum declaration with signature

 

Note: Same documentation is required when you Send SGD via a demand draft to Singapore

Here are the following charges involved in a money transfer to UK from India:

 

  • Nostro Charges - 40 SGD (Varies from bank to bank)
  • Bank fee - INR 225 
  • Goods & Services Tax (GST) - The % varies depending on the amount you wish to remit. 

 

Please note that, in some situations, additional fees can be charged by the correspondent bank.

- Beneficiary Bank Name, Swift Code, Routing number & Correspondent Account No.

- Beneficiary Name, Address (as given in bank)

- Remitter Name, Account Number and Purpose of Transaction with KYC.

- Filled A2 Form cum declaration with signature

Note: Same documentation is required when you Send SGD via a demand draft to Singapore

You can send money to Singapore from India for the following 8 reasons:

1: Studies abroad

2: Business Trip

3: Medical Treatment Abroad

4: Maintenance of close relatives abroad

5: Emigration

6: Going Abroad on Employment

7: Gift or Donation

8: Private Visits abroad

You need following documents to Send Money To Singapore:

- Original and valid passport

- Valid visa for the country of travel (except where VISA on arrival applies)

- Confirmed ticket-showing travel within 60 days of taking foreign exchange

- PAN (Form 60/61 in case PAN missing)

- Apart from this KYC of sponsoring company would be required as per RBI guidelines

According to RBI’s LRS policy Indians can send up to $2,50,000 or its equivalent per year per person abroad to Singapore. If you want to Send Singapore Dollars then it is around 34200 SGD per year per person. (Note: Currency rates fluctuate so this number can change)

Transfer Money Abroad from India via India's Best Forex App
  • Fully online & paperless process
  • Transfer money with zero sending charges (use promo code: ZEROBANKFEE)
  • Extremely competitive forex rates
  • Super fast transfers - Funds received abroad in 12 to 48 business hours

Download the app

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Money Transfer Resources

BookMyForex

6,50,000 + Happy Customers

India's Largest Foreign Exchange Market Place

Over USD 1.2 Billions in Forex Transactions Processed

International Remittances Processed By

RBL Bank, YES Bank, Axis Bank Our Partners

*Educational remittances are processed within 6 hours; all other remittances are processed within 12-48 hours.

Book My Forex Pvt. Ltd., a MakeMyTrip group company, is a currency exchange service provider authorised by the Reserve Bank of India (RBI). | License number : NDL-FFMC-0093-2023 | Insurance is the subject matter of solicitation | IRDAI Registration No. CA0429 | IRDAI | Cheques are subject to realization.

* Zero margin rates/ interbank rates are available only on forex cards on specific currencies, in select cities for orders amounting to Rs. 1.5 lakh or more (Use promo code: ZEROMARKUP)

^ Same-day delivery is available from Monday to Friday (excluding holidays) when all payments and documents are received before 1PM.

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