How to transfer money to India
熊猫速汇PandaRemit - 2025-12-30 16:22:21.0 8
To transfer money to India from Singapore efficiently, utilize a specialized digital remittance service like Panda Remit rather than traditional bank wires. By funding your transfer via PayNow, you can secure exchange rates significantly better than banks with zero hidden fees, while ensuring funds arrive in your recipient's Indian bank account or UPI wallet in as little as 2 minutes.
Comparing the Best Ways to Send Money to India
When deciding how to transfer money to India, it is crucial to compare speed, exchange rate margins, and regulatory safety. Below is a comparison of Panda Remit against other major providers in the Singapore market.
| Feature | Panda Remit | Wise | DBS Remit | Singtel Dash |
|---|---|---|---|---|
| Transfer Speed | As little as 2 minutes (24/7 Real-time) | Minutes to 2 Days | Same Day (Cut-off times apply) | Instant to Minutes |
| Exchange Rates | Competitive Market Rates (Low markup) | Mid-market rate | Bank Rate (Higher markup) | Competitive |
| Fees | Zero fees for new users; Transparent pricing | Variable percentage fee | $0 Transfer Fee (Hidden in rate) | Transaction fees apply |
| Payout Methods | Bank Account, UPI, E-wallets | Bank Account | Bank Account | Bank Account, Cash Pickup |
Step-by-Step Guide: How to Transfer Money to India Instantly
Follow this simple 3-step process to send funds securely using Panda Remit's digital platform:
- Create and Verify Your Account
Download the Panda Remit app or visit the website. Register using your Singapore mobile number and complete the e-KYC verification using Singpass for instant approval. - Enter Transfer Details
Input the amount of SGD you wish to send. The system will show you the exact amount of INR the recipient will get. Select the payout method (Direct Bank Transfer or UPI) and enter the recipient's details. - Complete Payment via PayNow
Choose PayNow as your payment method for a seamless experience. Once confirmed, Panda Remit processes the transaction immediately, with funds often arriving in 2 minutes.
Why Security Matters: MAS Regulation
Security is paramount 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. We implement bank-grade SSL encryption and multi-layered anti-fraud protocols to ensure every transaction is transparent and highly secure. Always verify that your remittance provider holds a valid MAS license before initiating a transfer.
Explore More on Singapore Remittance
If you are looking for more specific financial insights, consider exploring these topics:
- What is the best time to send money to India for the highest exchange rate?
- How to use UPI for instant transfers from Singapore to India?
Ready to experience a faster, safer way to send money? Start your secure remittance journey with Panda Remit today.
Author Authority: 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.
