The best way to transfer money from Singapore to India
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Are you looking for the best way to transfer money from Singapore to India for friends or business? The cost of transferring money to the bank is too high. A better solution for you is to transfer money through online money transfer services. They will give you a better exchange rate and lower fees, which means that the recipient will get more Rupees for the same amount you send.
The best way to transfer money from Singapore to India
How to transfer money from Singapore to India
Online international money transfer
An international online money transfer service is the fastest and cheapest way to transfer money from Singapore to India. There are several platforms to help you transfer money from Singapore to India
DNBC: DNBC Financial Group is a financial institution operating in the international financial market, providing corporate and individual customers with an innovative digital payment system and convenient payment platform, and easy transfer to receive money online worldwide. Many people trust DNBC because of its competitive cost, good exchange rate, and high security.
Skrill: is an international money transfer service that many people trust because it is fast and easy to use.
Wise: high security, easy to use, competitive cost, support money transfer via website and mobile phone
WorldRemit: rated quite well, with high transparency
In general, money transfer services are the best way to send money abroad because they are the cheapest, often the fastest, and easiest to use.
Bank Transfer - a reliable choice
You can use any of your banks, whether Maybank, CIMB, UOB, or any other bank - depositing money in another bank in India is a reliable choice. However, this is expensive and often takes a long time to arrive (two to five business days). This is because bank transfers go through SWIFT, which involves multiple steps.
For example, using Maybank to transfer money from Singapore to India can be 10% more expensive than doing the same transfer with an online money transfer service.
Currently, you cannot send money this way because Google Pay only supports international money transfers from the United States. But normally, Google Pay fees are quite expensive.
The cheapest way to send money from Singapore to India
As mentioned above, the cheapest way to transfer money internationally is through money transfer services. They offer much more competitive rates, fees, and commissions than traditional banks. Their fees usually depend on factors such as:
Payment options: credit card, bank transfer, cash payment,...
Transfer amount: each provider will have a different fee for the transfer amount. Usually, the larger the amount, the cheaper the cost.
Transfer speed: do you want to receive it immediately or wait a few days?
How to receive money: Will the money go to your beneficiary's bank account, or will they receive it in cash?
The fastest way to send money from Singapore to India
The speed of your transfer depends on the method you choose to send money from Singapore to India.
Online money transfer service providers are usually the fastest option. For example, DNBC provides money transfer services for 1 - 2 days. When comparing the fastest options, always compare exchange rates to ensure you don't get a bad deal.
What is the best way to transfer money to India from Singapore ?
We recommend using a professional currency provider to transfer money from Singapore to India. You will get better exchange rates and much lower fees than at your bank.
You will compare all fees, hidden conversion costs, and percentage fees that money transfer services charge for your transfers from Singapore to India.
How to transfer money from Singapore to India for the best rate?
Find out and compare money transfer services with multiple providers
Open an online account with one of the remittance operators of your choice
Set up your transfer and provide beneficiary bank details in India
Pay for your transfer in MYR by bank transfer, debit, or credit card.
With so many ways to transfer money from Singapore to India, each way will have its own pros and cons depending on your usage needs. To make the best decision, you can consider factors like cost, time, and exchange rate to make the best choice. This article can help you get more information on how to transfer money from Singapore to India.
About DNBC Financial Group
DNBC Financial Group is a financial institution operating in the international financial market, providing clients with services such as personal accounts and business accounts,... with reasonable prices, safe and fast.
Note: The content in this article is for general informative purposes only. You should conduct your own research or ask for specialist advice before making any financial decisions. All information in this article is current as of the date of publication, and DNBC Financial Group reserves the right to modify, add, or remove any information. We don’t provide any express or implied representations, warranties, or guarantees regarding the accuracy, completeness, or currency of the content within this publication.
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