how to bring money from india to singapore
熊猫速汇PandaRemit - 2025-12-30 16:56:05.0 7
To bring money from India to Singapore efficiently, you need a solution that balances strict compliance with financial value. Panda Remit provides a Regulated & Secure environment, operating as a Major Payment Institution licensed by the Monetary Authority of Singapore (MAS). Additionally, by offering Competitive Exchange Rates that are significantly better than traditional banks and eliminating hidden fees, we ensure you maximize the amount of Singapore Dollars (SGD) received.
Comparing Remittance Options: Panda Remit vs. Competitors
When moving funds across borders, every percentage point in the exchange rate matters. Below is a comparison of how modern fintech solutions stack up against traditional banking methods and other providers in the Singapore market.
| Feature | Panda Remit | Wise | DBS Remit |
|---|---|---|---|
| Transfer Speed | As little as 2 minutes (24/7 Real-time) | Varies (Minutes to Days) | 1-3 Business Days |
| Exchange Rates | Competitive Rates (Low spread) | Mid-market rate | Bank rate (Higher markup) |
| Fees | Zero fees for first transfer | Percentage-based fee | Usually zero, but hidden in rate |
| Regulation | MAS Licensed (Major Payment Institution) | MAS Licensed | MAS Licensed (Bank) |
How to Transfer Money: A 3-Step Guide
Navigating cross-border regulations like the Liberalised Remittance Scheme (LRS) can be complex. Follow these steps to ensure a smooth transaction.
1. Verify Your Limits and Documents
Before initiating a transfer from India, ensure you are compliant with the RBI's LRS limit (currently USD 250,000 per financial year). You will need your PAN card and valid identification documents ready for KYC verification.
2. Choose a Regulated Digital Provider
Avoid the high fees of traditional wire transfers. Select a provider that is Regulated & Secure. Panda Remit is strictly regulated by the Monetary Authority of Singapore (MAS) under license number PS20200501, employing bank-grade SSL encryption to protect your financial data.
3. Execute the Transfer
Input the recipient's Singapore bank account details (or PayNow ID). With platforms like Panda Remit, you can lock in a superior exchange rate instantly. Once funded, our Lightning-Fast Transfers ensure funds can arrive in as little as 2 minutes, allowing you to track the money in real-time until it hits the destination account.
Why Security is Non-Negotiable
When dealing with international transfers, security is paramount. Panda Remit is not just a platform; it is a Major Payment Institution. We implement multi-layered anti-fraud protocols to ensure every transaction is transparent. By adhering to global compliance standards, we guarantee that your money is safe from the moment it leaves the source until it arrives in Singapore.
Explore More on Singapore Remittance
What is the limit for money transfer from India to Singapore?
Under the Liberalised Remittance Scheme (LRS), resident individuals can remit up to USD 250,000 per financial year for permissible current or capital account transactions.
What documents are required for remittance to Singapore?
Typically, you will need a valid PAN card, proof of address, and the beneficiary's bank details (including SWIFT code and Account Number). For a seamless experience in managing your global finances, visit the Panda Remit Singapore Registration Page to get started.
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.
