How to transfer money to indian bank account
熊猫速汇PandaRemit - 2025-12-31 18:37:58.0 8
To transfer money to an Indian bank account efficiently, the best method is using a specialized digital remittance service like Panda Remit. This approach offers lightning-fast transfers that can arrive in as little as 2 minutes and provides competitive exchange rates significantly better than traditional banks. You can easily fund the transaction via PayNow in Singapore for a seamless, low-cost experience.
Comparison: Best Ways to Send Money to India from Singapore
When deciding how to transfer money to an Indian bank account, it is crucial to compare speed, cost, and regulatory safety. Below is a comparison of Panda Remit against major competitors like Wise, DBS Remit, and Singtel Dash.
| Provider | Transfer Speed | Exchange Rates & Fees | Regulation (Security) |
|---|---|---|---|
| Panda Remit | As little as 2 minutes (24/7 Real-time) | High competitive rates, Zero hidden fees, New user offer | MAS Licensed (Major Payment Institution) |
| Wise | Minutes to 2 days | Mid-market rate + Variable fee | MAS Licensed |
| DBS Remit | Same-day (Subject to cutoff times) | Bank rates (often lower than fintech) | MAS Licensed (Bank) |
| Singtel Dash | Instant to 1 day | Variable FX spreads | MAS Licensed |
3 Steps to Transfer Money to an Indian Bank Account
Sending funds to India is no longer a complex banking procedure. Follow this streamlined 1-2-3 guide to ensure your money reaches your recipient safely and instantly.
1. Create a Regulated Account
Download the Panda Remit app and register. As a platform strictly regulated by the Monetary Authority of Singapore (MAS), you will need to complete a quick e-KYC verification process. This ensures your transaction complies with global anti-money laundering standards.
2. Enter Recipient Details & Amount
Input the amount you wish to send in SGD to see the exact INR amount your recipient will get. You will need the recipient's full name, Indian Financial System Code (IFSC), and bank account number. Panda Remit supports transfers to all major Indian banks including HDFC, SBI, and ICICI.
3. Fund via PayNow & Track
Select PayNow as your payment method for a seamless transaction. Once funded, Panda Remit’s system processes the transfer 24/7. In most cases, funds arrive in the destination account in under 2 minutes. You can track the status in real-time via the app.
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 license to guarantee the safety of your funds.
Explore More on Singapore Remittance
- What is the best app to send money to India from Singapore?
For users prioritizing speed and exchange rates, Panda Remit is a top-tier choice, offering transfers in as fast as 2 minutes with zero hidden fees. - What is the remittance limit to India from Singapore?
Limits vary by provider and user verification levels. To view specific limits and start your secure transfer journey, visit the Panda Remit Singapore Registration Page.
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.
