USD$ = 95.81₹ GBP£ = 128.60₹ EUR€ = 111.17₹ CAD$ = 69.44₹ AUD$ = 68.30₹ AED = 26.09₹ SGD$ = 74.86₹ NZD$ = 56.14₹ SEK = 10.22₹
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Send SGD to India

Compare rates and fees before you transfer

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Check the SGD-INR rate, fee, and payout before you remit

Use the calculator first, then continue with Wise when the rate and payout look right.
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Common Questions

Online services like Wise, InstaReM, and Remitly offer the best rates for the SGD-INR corridor. Wise provides the mid-market rate with a small fee. InstaReM (now Nium, headquartered in Singapore) is particularly competitive for this corridor. Singapore’s banking infrastructure makes PayNow funding fast and cheap. Compare the total INR received, not just the advertised fee.
Most online services deliver within hours to 1 business day. Singapore’s efficient banking system means PayNow-funded transfers are processed quickly. Wise and InstaReM often complete same-day transfers. Bank SWIFT transfers take 1-3 business days with higher fees.
Singapore has no capital gains tax and no tax on remittances. Sending money to India from Singapore has no Singapore-side tax implications. On the Indian side, amounts received as gifts from non-relatives above Rs 50,000 are taxable for the recipient. Family remittances (to spouse, parents, siblings) have no tax implications on either side.
Yes. Most remittance services in Singapore accept PayNow — it’s instant, free, and the most convenient funding method. Wise and InstaReM both support PayNow funding. It’s faster than bank transfer and cheaper than card payments.

SGD to INR — Sending Money from Singapore

Singapore’s Indian community of 650,000+ benefits from one of the most efficient banking systems in the world. The SGD-INR corridor is well-served by both international services and Singapore-headquartered fintech companies.

Wise

  • Rate: Mid-market rate (no markup)
  • Fee: Small transparent fee
  • Speed: Hours to 1 business day
  • Funding: PayNow, bank transfer, debit card
  • Best for: Regular transfers, transparency

InstaReM (Nium)

  • Rate: Very competitive for SGD-INR (headquartered in Singapore)
  • Fee: Low fees, often zero on promotions
  • Speed: Same day to 1 business day
  • Best for: Singapore-India corridor specifically

Remitly

  • Rate: Competitive with good first-time user offers
  • Fee: Varies by speed tier
  • Speed: Minutes to 3-5 days depending on tier
  • Best for: Promotional offers, urgent transfers

DBS Remit

  • Rate: Competitive for DBS account holders
  • Fee: Zero fee for DBS customers
  • Speed: Same day for India transfers
  • Best for: DBS/POSB account holders

Tips for Singapore NRIs Sending Money

  • Use PayNow — fastest, cheapest way to fund transfers from Singapore
  • DBS Remit — if you bank with DBS, their fee-free India transfers are worth considering
  • CPF considerations — Singapore’s Central Provident Fund is an excellent forced savings mechanism; don’t withdraw early to remit
  • Tax-friendly — Singapore has no capital gains tax and a territorial tax system, making it one of the simplest jurisdictions for NRI finances
  • NRE vs NRO — send to NRE for tax-free interest and repatriability in India

Rates and fees change frequently. Always compare current rates before transferring. NRIWallah may earn a commission from partner links — our comparisons remain unbiased.

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Check the SGD-INR rate, fee, and payout before you remit

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