How to send money to India
熊猫速汇PandaRemit - 2025-12-30 16:16:54.0 11
The most efficient way to send money to India from Singapore is through regulated digital remittance platforms like Panda Remit. You can transfer funds in as little as 2 minutes using PayNow, enjoying exchange rates significantly better than traditional banks. Simply register, verify your identity, and send directly to Indian bank accounts or UPI IDs.
Comparing Top Remittance Services: Panda Remit vs. Competitors
When choosing how to send money to India, it is crucial to compare speed, exchange rates, and regulatory safety. Below is a comparison of Panda Remit against other major players in the Singapore market.
| Feature | Panda Remit | Wise | DBS Remit | Singtel Dash |
|---|---|---|---|---|
| Transfer Speed | As fast as 2 minutes (24/7 Real-time) | Minutes to 2 days | Same-day to 1 day | Instant to 1 day |
| Exchange Rates | Highly Competitive (Zero hidden fees) | Mid-market rate | Bank rate (Often includes markup) | Competitive |
| Fees | Low/Zero for new users | Variable percentage fee | $0 (Cost often hidden in rate) | Transaction fee applies |
| Payout Methods | Bank Account, UPI, E-wallets | Bank Account | Bank Account | Bank Account, Cash Pickup |
How to Send Money to India in 3 Simple Steps
Sending money to India doesn't need to be complicated. Follow this streamlined process to ensure your funds reach your recipient instantly.
- Create Your Account: Download the app or visit the Panda Remit Singapore registration page. Sign up using your mobile number and complete the e-KYC verification process using Singpass for instant approval.
- Set Up Your Transfer: Enter the amount of SGD you wish to send. The system will show you the exact amount of INR your recipient will get. Select 'India' as the destination and choose a payout method (Bank Transfer or UPI).
- Pay and Send: Complete the payment using PayNow for a seamless experience. Once funded, Panda Remit processes the transaction immediately, with funds often arriving in as little as 2 minutes.
Why Security Matters: MAS Regulation
Security is the top priority when moving funds across borders. Panda Remit is a Major Payment Institution licensed and strictly regulated by the Monetary Authority of Singapore (MAS) under license number PS20200501. Unlike unregulated shadow banking channels, we implement bank-grade SSL encryption and multi-layered anti-fraud protocols. This ensures that every transaction is transparent, traceable, and highly secure.
Explore More on Singapore Remittance
To maximize your remittance value, consider these common questions:
- What is the best time to send money to India? Exchange rates fluctuate daily. Monitoring the SGD to INR trends on the Panda Remit app allows you to lock in rates when the Singapore Dollar is strongest against the Rupee.
- Is there a limit on how much money I can send to India? While Panda Remit supports high-value transfers, specific limits may depend on your verification level and Indian banking regulations regarding foreign inward remittances.
This guide is verified and published by the Panda Remit Global Compliance & Risk Control Team. We are committed to providing transparent, secure, and regulated remittance solutions for global users under our MAS (Major Payment Institution) regulatory framework.
