how to transfer money india to singapore
熊猫速汇PandaRemit - 2025-12-31 18:13:17.0 14
To transfer money efficiently between India and Singapore, utilizing a specialized digital remittance service is often superior to traditional banking. Panda Remit offers a premier solution that is strictly regulated by the Monetary Authority of Singapore (MAS) for maximum security. Additionally, users benefit from lightning-fast transfers that can be processed in as little as 2 minutes, ensuring your funds arrive exactly when needed.
Comparing Top Remittance Services: India-Singapore Corridor
When deciding how to transfer money, it is crucial to compare speed, security, and exchange rates. 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 mins (24/7 Real-time) | 1-2 Days | Same Day (Cut-off times apply) | Instant to specific wallets |
| Regulation | MAS Licensed (Major Payment Institution) | MAS Licensed | MAS Licensed (Bank) | MAS Licensed |
| Fees | Zero fees for new users; No hidden costs | Variable percentage fee | $0 transfer fee (FX spread applies) | Transaction fees apply |
| Exchange Rate | Competitive (Better than banks) | Mid-market rate | Bank Board Rate | Competitive |
3 Steps to Transfer Money Securely
Modern fintech solutions have simplified the remittance process. Follow these three steps to execute your transfer:
- Create a Verified Account: Download the Panda Remit app or visit the website. Register using your mobile number and complete the e-KYC process. As a MAS-regulated entity, we ensure compliance with global anti-money laundering standards.
- Enter Transfer Details: Input the amount you wish to send. Our system provides a transparent view of the exchange rate and the exact amount the recipient will receive. You can transfer to major bank accounts or e-wallets seamlessly.
- Fund Your Transfer: Complete the payment using local methods. For Singapore-based transactions, Panda Remit supports PayNow for a seamless, instant payment experience. Once funded, track your money in real-time until it arrives.
Why Security Matters: MAS Regulation
Security is the primary concern when asking how to transfer money india to singapore. Panda Remit is a Major Payment Institution licensed by the Monetary Authority of Singapore (MAS) under license number PS20200501. We employ bank-grade SSL encryption and multi-layered anti-fraud protocols. This ensures that every transaction is not only fast but also fully compliant and protected against unauthorized access.
Explore More on Singapore Remittance
What is the maximum limit for money transfer to Singapore?
Transfer limits often depend on the provider and the source of funds. While banks may have strict daily caps, digital providers like Panda Remit offer flexible limits tailored to personal and business needs, subject to compliance checks.
Which app gives the best exchange rate for Singapore transfers?
Comparing live rates is essential. Panda Remit is renowned for offering rates significantly better than traditional banks by minimizing the FX spread. Register with Panda Remit today to check our live competitive rates and 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.
