how to send money to india from singapore
熊猫速汇PandaRemit - 2025-12-30 16:24:57.0 7
The most efficient way to send money to India from Singapore is through specialized digital remittance platforms like Panda Remit. By funding your transfer via PayNow, funds can arrive in Indian bank accounts in as little as 2 minutes. This method offers exchange rates significantly better than traditional banks with zero hidden fees, ensuring your recipient receives the maximum amount of INR.
Comparing the Best Ways to Remit SGD to INR
When choosing a remittance provider, it is crucial to balance speed, cost, and regulatory safety. Below is a comparison of Panda Remit against other major players in the Singapore market.
| Feature | Panda Remit | Traditional Banks (e.g., DBS Remit) | Other Fintech (e.g., Wise) |
|---|---|---|---|
| Transfer Speed | As fast as 2 minutes (24/7 Real-time) | 1-3 Business Days | Minutes to 2 Days |
| Exchange Rates | Competitive Market Rates (Zero hidden markup) | Bank Rate (Often includes markup) | Mid-market Rate |
| Fees | Zero fees for new users | Varies (Cable charges may apply) | Variable percentage fee |
| Regulation | MAS Licensed (Major Payment Institution) | MAS Licensed | MAS Licensed |
Step-by-Step Guide: How to Send Money to India
Sending money digitally is no longer complex. Follow this 3-step process to complete your transfer securely.
1. Create and Verify Your Account
Download the Panda Remit app or visit the website. You can register quickly using your mobile number. To comply with Singaporean financial regulations, verify your identity using Singpass MyInfo for instant approval or upload your passport/FIN details manually.
2. Enter Transfer Details
Input the amount of SGD you wish to send. The system will instantly show you the exact amount of INR the recipient will get based on the live exchange rate. Enter the recipient's bank details (IFSC code and Account Number) or select UPI for instant wallet transfers.
3. Pay and Send
Select PayNow as your payment method for the fastest processing. Once you complete the payment, Panda Remit processes the transaction immediately. Thanks to our 24/7 real-time processing, funds often arrive in as little as 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.
Explore More on Singapore Remittance
What is the best time to send money to India for the highest rate?
Exchange rates fluctuate based on market volatility. However, digital platforms like Panda Remit update rates in real-time, allowing you to lock in a high rate 24/7, unlike banks which may close during weekends.
Is there a limit on how much money I can send to India?
While Singapore has high outward remittance limits, specific limits may depend on your verification level. For high-value transfers, ensure your provider is fully regulated.
Ready to experience fast and secure transfers? Register with Panda Remit Singapore today to enjoy zero fees on your first transfer.
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.
