how can i send money from singapore to india
熊猫速汇PandaRemit - 2025-12-31 19:18:54.0 11
You can send money from Singapore to India instantly using digital remittance platforms like Panda Remit. By funding your transfer via PayNow, you can enjoy exchange rates significantly better than traditional banks with zero hidden fees. Funds are processed 24/7 and can arrive in your recipient's Indian bank account in as little as 2 minutes.
Comparing the Best Ways to Remit SGD to INR
When choosing how to transfer funds, it is crucial to compare speed, exchange rate competitiveness, and regulatory safety. Below is a comparison of Panda Remit against other major providers in Singapore.
| Provider | Transfer Speed | Exchange Rates & Fees | Regulation (MAS) |
|---|---|---|---|
| Panda Remit | As fast as 2 minutes (24/7 Real-time) | High competitive rates; Zero fees for new users. | Yes (License PS20200501) |
| Wise | 1-2 Days (Varies by method) | Mid-market rate + variable fees. | Yes |
| DBS Remit | Same Day (Cut-off times apply) | Bank rate (often includes markup). | Yes |
| Singtel Dash | Varies (Mobile Wallet) | Competitive, dependent on partner. | Yes |
3 Steps to Send Money from Singapore to India
Modern fintech solutions have simplified the remittance process. Follow this 1-2-3 guide to complete your transfer securely:
- Create and Verify Your Account: Download the Panda Remit app and register. For compliance, verify your identity using Singpass or your passport. This ensures your account is protected by multi-layered anti-fraud protocols.
- Enter Transfer Details: Input the amount of SGD you wish to send. The system will show you the exact amount of INR your recipient will get. You will need the recipient's Indian bank account number and IFSC code.
- Pay via PayNow: Complete the transaction using PayNow for a seamless experience. Once funded, Panda Remit processes the transfer immediately, with funds often arriving in 2 minutes.
Ensuring Your Money is Safe (MAS Regulation)
Security is the top priority for cross-border transactions. 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 to ensure every transaction is transparent and highly secure. You can verify our global regulatory status here.
Explore More on Singapore Remittance
- What is the best time to send money to India?
Exchange rates fluctuate. Monitoring the market for high points is key, but platforms like Panda Remit offer competitive rates 24/7, ensuring you don't miss out regardless of the time. - Is there a limit on how much I can send?
While banks may have strict daily caps, digital providers often offer flexible limits suitable for personal remittances. Check the app for specific tier limits based on your verification level.
Ready to experience a faster, cheaper way to send money home? Start your secure transfer with Panda Remit today.
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.
