how to transfer money singapore to india
熊猫速汇PandaRemit - 2025-12-31 18:21:19.0 10
To transfer money from Singapore to India efficiently, utilize a specialized digital remittance service like Panda Remit. This method offers competitive exchange rates significantly better than traditional banks and supports lightning-fast transfers that can arrive in as little as 2 minutes, ensuring your funds reach India instantly and cost-effectively.
Comparison: Best Ways to Send Money to India
When choosing a remittance provider, it is crucial to compare speed, exchange rates, and regulatory safety. Below is a comparison of Panda Remit against other major market players in Singapore.
| Provider | Transfer Speed | Exchange Rate Competitiveness | Regulation (Security) |
|---|---|---|---|
| Panda Remit | As little as 2 mins (24/7 Real-time) | High (Zero hidden fees) | MAS Licensed (Major Payment Institution) |
| Wise | 1-2 Days (Varies) | Mid-High | MAS Licensed |
| DBS Remit | 1-3 Working Days | Low (Bank spread applies) | MAS Licensed (Bank) |
| Singtel Dash | Instant to Varies | Medium | MAS Licensed |
Step-by-Step Guide: How to Transfer Money Singapore to India
Follow this simple 3-step process to send INR to your recipient's bank account or UPI ID securely.
1. Create Your Account & Verify
Download the Panda Remit app or visit the website. Register using your mobile number and complete the e-KYC verification using MyInfo (Singpass). This ensures compliance with Singapore's financial regulations.
2. Enter Amount & Recipient Details
Input the amount of SGD you wish to send. The system will show you the exact INR amount your recipient will get based on a locked-in exchange rate. Enter the recipient's Indian bank account details (IFSC code) or UPI ID.
3. Fund Your Transfer via PayNow
Select PayNow as your payment method for a seamless experience. Once you transfer the SGD, Panda Remit processes the transaction immediately. Thanks to our 24/7 real-time processing, funds can arrive in India 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. You can verify our global regulatory status here.
Explore More on Singapore Remittance
If you are looking for more specific details regarding your transfer needs, consider the following common inquiries:
- What is the best remittance rate Singapore to India today?
Rates fluctuate daily. Digital platforms like Panda Remit update rates in real-time to offer spreads significantly lower than traditional banks. - What is the maximum transfer limit Singapore to India?
Limits depend on your verification level and the receiving bank in India. Verified users can send higher amounts securely.
Ready to start? Register with Panda Remit Singapore today to enjoy zero-fee offers on your first remittance.
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.
