How to send money to Singapore from India with the best INR-SGD rate

Comparing based on your specific needs is the best way to send money from India to Singapore with confidence.

For INR/SGD

• Wise is our top pick for sending Indian Rupee to Singapore. For example, sending 600,000 INR to SGD will cost you ₹7195.91 in fees, and you will receive 8,101.73 SGD.

• We would recommend Currencies Direct for low cost, affordable transfers from Singapore Dollars to Singapore. We found that Currencies Direct is 0.64% cheaper than the second-best option. The cost is a combination of a fee of 0 INR and an exchange rate for converting Indian Rupee to Singapore Dollar that is 0.51% different to the mid-market rate.

• Fastest way to send money to Singapore from India is with Currencies Direct. For example, if you send 600,000 INR with Currencies Direct to Singapore, the transfer time is minutes - 24 hours based on our data.

Our analysis, and search results, include 2 providers that operate between India and Singapore. These are ranked by speed, overall cost and ease of use.

Through this, you get a comprehensive view of all the options you have in India when you need to send money to Singapore.

The exchange rate determines the price you’ll pay for Singapore Dollar when you send Indian Rupee to Singapore.

The current exchange rate between the Indian Rupee and Singapore Dollar is 0.0137, and it constantly fluctuates.

When calculating the cost of sending money from India to Singapore, a combination of fees and exchange rates ensure the best deal:

• The Mid-Market and Exchange Rates: The current INR-SGD mid-market rate is 0.0137 SGD per Indian Rupee. Finding a provider as close to this number as possible will ensure more Singapore Dollar for your money.

• Fees: Transfer fees are charged on top of a transfer. Currencies Direct currently offers the lowest fees of 0 INR per transfer (based on ₹600,000 transfer). Although, we recommend searching for your exact send amount for an exact fee.

• Amount Received: The total amount received in Singapore Dollar is the biggest indicator in the total cost of sending money to India from Singapore. The higher the total amount received in Singapore, the lower the cost of sending from India.

It’s possible that waiting a day or two can help you get more SGD for the same amount of Indian Rupee. But, the best way to lock in a price between India and Singapore is by using a forward contract.

A bank transfer is our recommended option for money transfers between India and Singapore. Currencies Direct offers the best price on a bank transfer.

Here are all the ways to send money from India to Singapore:

Bank transfers

Bank transfers are often the best payment method for money transfers from India to Singapore.

A money transfer company like Currencies Direct offer bank transfers between India and Singapore with lower fees and better exchange rates than you would get from a traditional bank.

On average, Currencies Direct is the cheapest provider for bank transfers of the 2 we tested when sending INR to Singapore.

Debit and prepaid cards

Sending money from India to Singapore with a debit or a prepaid card is very simple with .


is a leader in debit card payments for transfers from India to Singapore, competing among a total of 2 active money transfer companies on this route.

Credit cards

We recommend avoiding credit cards where possible due to a lack of support and high fees.

If you have to use a credit card, we recommend comparing your options to find the company with the lowest fees.

Always choose providers that are regulated by financial authorities in both India and Singapore to ensure funds are protected.

Please refer to our directory of financial regulators worldwide for key regulatory bodies for money transfers between India and Singapore.

Some services have minimum or maximum thresholds on how much you can transfer from India to Singapore.

Companies will offer different rates and fees for different transfer amounts. Some companies will become more expensive after certain thresholds are hit.

We’d recommend using Wise if you need to send large amounts of INR to Singapore. The combination of rates and fees when sending to Singapore is the most competitive, even at larger amounts.

Also, always check with the recipient and understand any declarations needed on large amounts of money leaving India, or entering Singapore. Mis-understanding these could result in a slower, or even failed, transfer.

There are different ways to receive money in Singapore. You can do a direct bank deposit, cash pickup, use a mobile wallet or receive money into a multi-currency account. It’s likely not all providers serving transfers from India to Singapore will offer every method, so it’s best to check ahead of time.

A direct transfer to a bank account is one of the more common ways to transfer from India into Singapore Dollar. Wise is the best company for bank transfers between India and Singapore.

And if you need cash right away, check if cash pickup is an option for transfers between India and Singapore.

Mobile wallet services and payment apps like PayPal, Xoom, and CashApp are popular too, but they come with more limitations and higher costs compared to money transfer providers like Currencies Direct.

When signing up to a money transfer company to send between India and Singapore, you will need to verify your ID.

The exact documents you need might vary and in some cases you will need more than one.

For the most part, in India this will be a government ID like a passport or driver's license. In Singapore it will be a similar set of documents, although this should only be needed if you are opening a new account in Singapore, or collecting in cash.

Big transactions between India and Singapore, are subject to additional checks. A provider may ask you for proof of address or may want to know where the money comes from.

We recommend Wise in part due to their easy sign up process in India.

When sending large amounts of money between India and Singapore there will be tax implications to consider.

Some transfers into Singapore Dollar may need to be reported to tax authorities in Singapore, particularly where inheritance or property purchases are involved.

Tax limits and personal allowances differ in Singapore based on age, income and a few other elements. When in doubt, please contact a tax professional in India or Singapore to discuss your personal circumstances.