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Send Money To Singapore From India

CurrencyKart brings you the comfort to Transfer Money from India to Singapore anytime, from the safety of your home or while working in the office. The transfer form takes less than 5 minutes to fill, and the whole transfer process takes 24-48 hours. Once you fill in the details of the money transfer on our website, our team would find you the best quotes from different agents and institutions near you. We are one of the leading online market place for currency exchange as well as for Wire Transfer to Singapore.


Singapore is one of the youngest and modern countries. It is an International Business Hub, because of which it attracts a lot of trade from other countries. The country is a place to some of the world’s renowned universities like NUS and NTU, which also attracts many students to pursue higher education in Singapore. The country is also world famous for its healthcare facilities.


There is a constant trade of money from India to Singapore as people Send Money to Singapore to pay the tuition fees or as maintenance of their relatives or for immigration purposes, etc.


There are two types of Remittance: (Remittance is another name for sending money to someone through a channel like a bank or money changing houses or forex institutions.)


  1. Outward Remittance: The transfer of money from the sender’s country to the beneficiary’s country or from the home country to a foreign country is known as Outward Remittance. For Example, when you Send Money from India to Singapore.


  2. Inward Remittance: The transfer of money from a foreign land to the home land is known as Inward Remittance. For Example, when the money is received from Singapore in India.


Why do People Transfer Money to Singapore from India?


There are many reasons for such transfer of funds. The RBI approves only the following 8 reasons/purposes to Send Money from India to Singapore:


  1. Studying in Singapore
  2. Business Trip to Singapore
  3. Medical Treatment in Singapore
  4. Maintenance of close relatives living in Singapore
  5. Emigration purposes
  6. Going to Singapore on Employment
  7. Gift or Donation
  8. Private Visits to Singapore


To Send Money from India to Singapore, CurrencyKart provides two modes of transfer: -


  1. Wire Transfer from India to Singapore


    It is the easiest and the fastest way to transfer money electronically to Singapore. It is also called TT Transfer and SWIFT Transfer. The Wire Transfer is actually done by banks, but as they are very expensive, it is a better option to use the services of institutions like CurrencyKart. Banks in India charge a high rate to process the transfer and also, most of the foreign banks as well charge a foreign correspondent fee to receive the transferred money.


    You will get better rates of transfer at CurrencyKart. There are no extra charges for the Wire Transfer to Singapore.


  2. Foreign Currency Demand Draft


    Foreign Currency Demand Drafts are physical paper drafts. They are issued in a specific foreign currency instead of sending a specific recipient of the money to be sent. Comparatively, it is much cheaper than Wire Transfer. Though, it is a much longer process as well. The Demand Draft has to be mailed physically. Once the beneficiary receives it, they have to go to a bank to encash it, which might also take few days. Overall, the whole process can take up to 10 days.


    There are no extra charges to be paid to Send Money to Singapore from India, except the demand draft fee of the bank or the service provider.



Documentation Required to Transfer Money from India to Singapore:


  1. Valid Original Passport
  2. Valid Singapore VISA
  3. Confirmed ticket of the trip (the travel should be within the 60 days of the foreign exchange)
  4. PAN or Form 60/61
  5. KYC of the sponsoring company


Details of the Beneficiary needed for the Transfer:


  1. Beneficiary Bank Name, SWIFT Code
  2. Routing number and Correspondent Bank Account Number
  3. Beneficiary’s name and address
  4. Remitter’s name, Bank Account Number and the purpose of transaction
  5. KYC of the Remitter and the sponsoring company
  6. A2 Form cum Declaration filled with signature


Steps to Send Money Online to Singapore:


  • Step 1: Register Online


    Fill in the required details on the portal available on our website. You have to enter the amount to be transferred in Euros with the purpose of remittance and your location. Instant quotes from banks and exchange institutions nearby would be mailed to you.


  • Step 2: Compare and Book


    Compare the quotations provided to you and choose the best offer. Once you book the money transfer order online and confirm it, the booked rate would be valid for 24 hours.


  • Step 3: Verification


    Share the required documents for verification. The list of basic documents to be submitted is given below. Once the documents are verified, the amount can be transferred directly as NEFT or RTGS to the current account which is operated by the chosen exchange house.


  • Step 4: Transfer


    The money order transfer would be initiated as soon as the amount will be credited. The whole process would take less than 48 working hours. It is advised to the customer to take a print out of the invoice or keep the invoice safely as a proof of money transfer.



According to the policies of RBI regarding fund transfer to foreign countries, Indians can transfer money up to $2,50,000 or its equivalent (around 34,200 SGD) per year per beneficiary staying in Singapore.


CurrencyKart is one of the leading institutes in Foreign Exchange Market Place. We provide the best money transfer services at affordable rates to Transfer Money from India to Singapore. The advantages of choosing our service for the Money Transfer are: -


  1. Live Market Rates


    The live and updated market transfer rates are available on our website 24*7. There is an option available for the customer to lock-in rates for up to 3 days and as soon as the desired rates are available, we will notify you. The rate chosen for the transaction remains live for the next 24-48 hours till the transfer process is completed.


  2. Faster Transfer Process


    The money transfer orders are processed within 24-48 working hours after the funds and documents are received. We provide the fastest processing time with no extra cost.


  3. Doorstep Service Available


    CurrencyKart provides online money transfer services to the customer. The customer can schedule the time for the document pick up and we will pick them up from your location at zero cost. The customers can also visit one of our branches to submit or drop in the documents.


  4. Zero Money Transfer Charges/Commission


    We do not charge any extra cost or fee for processing the money transfer. Please make note that all foreign currency transactions are subjected to service tax according to the Government and RBI policies.



Book your order online now at CurrencyKart.




What our customers say about us:

    Good service!. Very responsive on chat as well as call. Plus don't need to pay all the money upfront...
    Good service!. Very responsive on chat as well as call. Plus don't need to pay all the money upfront. Just 1% at time of booking. Currency rate can be blocked and receive cash later. Purchased 1000 Euros, all went smoothly. Highly recommend. Delivery person comes to your door for delivery of cash. All in all pretty good experience. Queries were cleared on time.
    Divesh Kumar
    Great experience with Currency kart. Got the bet rate and fast delivery at doorstep. Would highly re...
    Great experience with Currency kart. Got the bet rate and fast delivery at doorstep. Would highly recommend as there is no risk as you pay only 1% and rest cash on delivery. Was amazed the way they handled the whole transaction.
    Hitesh Koul
    Extremely dissatisfied with this currency exchange company. I'm from Bangalore. I contacted them to ...
    Extremely dissatisfied with this currency exchange company. I'm from Bangalore. I contacted them to exchange currency for my travel. They told they'll get it done and deliver it as well. I asked for an official mail for the same regarding the exchange rate and taxes, which the executive sent. On the same day, the delivery guy came to deliver the currency and take the INR from me. Turns out, what I received in the mail was nothing what was written in the proper bill. They had increased the amount, and on talking to the executive, they told it was an honest mistake and he'll share another mail. Not just this, CurrencyKart was basically a middleman and the company providing the currency to me was some other company altogether. CurrencyKart was charging commission on the same. I refused to do the transaction and told the CurrencyKart executive that I cannot go ahead. He kept on texting me the entire day telling how I will be punished for doing this, and later on acting like a creepy dude constantly texting even when I wasn't responding. He then himself blocked me and unblocked and started apologising for doing so, even when I wasn't responding and had told him sorry and thank you for the help he had provided right when I'd told him I won't be going ahead. I'm not going to take the executive's name, but I hope the same thing is not repeated with another person in future. Atleast as far as I'm concerned, I'm never ever going to place a request on their website.
    Tanisha Agarwal
    Fast, efficient, easy to use and best exchange rate. Great experience with CurrencyKart. I would rec...
    Fast, efficient, easy to use and best exchange rate. Great experience with CurrencyKart. I would recommend CurrencyKart as my experience with them was brilliant... My transactions went perfect... My phone calls were answered promptly and they kept in touch throughout any necessary work I needed done efficiently. Thank you for all your good services.
    Ajay Kumar Sharma
    I can not put it into words. I had really small window to avail Korean Currency. Not only they provi...
    I can not put it into words. I had really small window to avail Korean Currency. Not only they provided immediate delivery but also the support provided by them is unmatchable. I was assisted by Poornima. Thanks.
    Pranjali Joshi

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