Send Money to Singapore from India
Fast SGD SWIFT wire transfers to Singapore for family maintenance, education, and investments. One of the quickest India corridors at 1-2 business days. RBI-compliant under LRS.
Strong India-Singapore Corridor
Singapore has one of the largest Indian diaspora communities in Asia. Tamil Nadu has a particularly deep connection with Singapore, with thousands of families sending regular maintenance transfers.
Fast SWIFT: 1-2 Business Days
Singapore has one of the most efficient banking infrastructures in the world. Wire transfers from India to Singapore bank accounts typically arrive in just 1 to 2 business days.
SGD Transfers
We handle SGD (Singapore Dollar) wire transfers at competitive rates. Singapore banks like DBS, OCBC, UOB, and Standard Chartered Singapore receive funds smoothly via SWIFT.
LRS: Up to USD 250,000/Year
SGD remittances to Singapore fall under RBI's LRS with the standard USD 250,000 annual limit per person. From April 2026, no TCS applies below Rs. 10 lakh per year.
Education and Living Expenses
Singapore hosts several world-ranked universities including NUS, NTU, and SMU. Education remittances to Singapore for tuition and living support are a growing use case under LRS.
Business and Investment Transfers
Singapore is a major hub for Indian businesses and investors. LRS also permits remittances for overseas investments, business expenses, and setting up foreign accounts under permitted purposes.
How to Send Money to Singapore
Share Amount and Purpose
Tell us the SGD amount and purpose: family maintenance, education, gift, investment, or business-related payment.
Provide Beneficiary Details
Share the recipient's full name, Singapore bank account number, and the bank's SWIFT/BIC code. Some Singapore banks also use a PayNow or FIN number internally, but for international wires, SWIFT details are needed.
Submit Documents
Bring your passport, PAN card, and purpose-specific documents. For family maintenance: a self-declaration is usually sufficient. We fill Form A2 together.
Fund and Confirm
Transfer INR via NEFT or RTGS to our account. Wire transfer is initiated the same business day and a SWIFT copy is provided as your confirmation.
Common Questions
How long does a money transfer from India to Singapore take?
Singapore has excellent banking infrastructure and strong SWIFT connectivity with India. Most wire transfers from India to Singapore bank accounts, including DBS, OCBC, UOB, and HSBC Singapore, arrive within 1 to 2 business days. The transfer may occasionally take a day longer if it involves a less common correspondent banking route or is initiated on a Friday afternoon.
What bank details do I need to transfer money to Singapore?
You need the recipient's full name, their Singapore bank account number, and the bank's SWIFT/BIC code. Singapore banks do not use IBAN. The account number format varies by bank. For example, DBS accounts are 10 digits, OCBC accounts are 9 digits. Confirm the exact account number and SWIFT code with your recipient before visiting us.
Is TCS applicable on SGD transfers to Singapore?
From April 2026, TCS applies on LRS remittances only above Rs. 10 lakh per financial year. Below that threshold, no TCS is deducted. For general-purpose transfers like family maintenance or gifts above the threshold, 5% TCS applies. For education transfers to a recognised institution above the threshold, 2% TCS applies. TCS is creditable and can be adjusted against your income tax liability at the time of filing.
Can I send SGD regularly to support family in Singapore?
Yes. Regular family maintenance transfers to Singapore are fully permitted under LRS. There is no restriction on the frequency of transfers, provided the cumulative annual total stays within the USD 250,000 limit. The documentation is minimal: passport, PAN, Form A2, and a self-declaration of your relationship with the recipient.
Can I invest in Singapore through LRS?
Yes. LRS permits capital account transactions including investment in foreign equities, bonds, and setting up foreign bank accounts. If you are investing in Singapore stocks, ETFs, or a Singapore business, that falls under permitted LRS purposes. The same USD 250,000 annual limit applies across all purposes combined. For tax implications of overseas investment income in India, consulting a chartered accountant is advisable.
Are there any restrictions on sending SGD to Singapore from India?
No country-specific restrictions apply to Singapore. It is a fully permitted remittance destination under LRS. The standard rules apply: the transfer must be for a permitted purpose, funded via bank transfer (not cash), and accompanied by Form A2 and purpose documentation. Cash is not accepted for outward remittances under RBI regulations.
Sending money to Singapore?
Visit our Nerkundram branch in Chennai with your documents and the recipient's SWIFT code and account number. We initiate SGD wire transfers the same business day.