The best way to transfer money from India to Singapore is by wire transfer through the SWIFT network. ExTravelMoney is an online marketplace connecting you with RBI’s AD-Category II licensed exchange houses and prominent banks all over India. You can compare and get the best exchange rates and lowest bank fees compared to directly approaching them, and that too with zero platform fee.

Under the RBI’s Liberalised Remittance Scheme (LRS) , IIndian residents and NRIs can transfer funds to Singapore for approved purposes by submitting the required KYC documents. Here are the purposes for which you can transfer funds:

• Educational payments
  Indian students flock to Singapore for its world-renowned programs in fields like engineering, technology, and business. You can send money at the right time to cover tuition fees as well as living expenses, accommodation, and other educational costs.
• Gift to a Singapore resident
  Singapore is a multicultural society with a significant Indian diaspora. Send money as a gift for your relatives and friends on their special occasions and festivals with us.
• Tourism
  Singapore’s botanical garden and river cruising is on everyone’s bucket list. Whether it's a family vacation, a solo trip, or a honeymoon, you can send money to cover travel costs.
• Immigration and visa fees
  Start a new chapter in Singapore by seamlessly covering the costs of visa applications, relocation, and settling in the Netherlands.
• Financial support of close relatives
  Many Indians have close relatives living in Singapore. Sending money safely and fast can help them with their needs.
• Medical treatment expenses
  Send emergency funds for medical purposes quickly with us so that your funds reach at the right time.
• Conference & training fees
  Pay for conference registration, training programs, or professional development courses in Saudi Arabia.
• NRI repatriation
  Non-resident Indians (NRIs) working in Singapore can transfer their income earned in India back to their Singaporean bank accounts for personal or investment purposes.

• Beneficiary Name & Address in Singapore (as mentioned in the bank)
• Bank Name & Address
• SWIFT Code & Routing number
• Account Number

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If you send the amount to the chosen bank or exchange house before 2 PM, your wire transfer to Singapore will be initiated on the same day, and the beneficiary will receive the funds within 4 to 48 working hours.

Here is a hack for timely money transfers! Transfer funds as early as possible and avoid the end of the week and holidays. All Saturdays, Sundays, and US holidays are international wire transfer holidays, and your fund transfers will be delayed.

ExTravelMoney follows the RBI’s LRS (Liberalised Remittance Scheme) annual limits for sending money to Singapore from India. We do not exercise any daily, monthly or annual limits apart from the LRS limit.