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Our recommendation: Wise
We tested & reviewed 12 money transfer providers offering money transfers from Singapore to India, and Wise scored highly.
In total, Wise appeared in 100% of Singapore to India searches, and was the top rated company supporting transfers between SGD and INR.
For a great mix of cost, speed & features, we recommend making your Singapore to India transfer using Wise.
How to compare deals on Singapore to India money transfers
- Always compare rates
Don't pay more than you need to. Use our live comparison tool to ensure the best rates on money transfers from Singapore to India.
- Choose a provider
Select the provider that gives you the best value & service for your needs.
- Click, sign up & send
Follow the steps & start your transfer from Singapore. Your funds will be converted to Indian Rupee and transferred to India.
Summary of recent searches
Considerations when sending from Singapore to India
Comparing money transfer companies with services between Singapore and India, based on your specific transfer amount and transfer needs, is the best way to send money at the best price.
For this route, we’ve compared 12 providers providing services between Singapore and India. This ensures you will get the best options when sending Indian Rupee to India.
Over the last six months, we’ve picked Wise as the best overall provider. However, comparing based on the amount you want to send to India will provide a specific provider that’s best for transferring money from Singapore.
Cheapest way to transfer money to India from Singapore: Revolut
Of the 12 providers compared, data shows that Revolut is 0.3% cheaper than the second-best option.
The is cost is made up of an average SGD-INR exchange rate that is 0.09% different to the mid-market rate and an average fee of 0* SGD.
If you want to secure the best rates on a SGD to India transfer, Revolut will result in the most Indian Rupee received.
*The most common fee applied to SGD-INR by Revolut, based on data from the past six months.
Fastest company to send money to India from Singapore: Wise.
Through our data, Wise was the quickest way to send money from Singapore to Indian Rupee 95.3% of the time.
Sending money through Wise to India from Singapore has an average fee of 41.78 SGD.
To understand who was the fastest, we tested Wise as part of 12 money transfer providers. Within this, we looked at the overall speed of sending money from Singapore to India. This was made up of transfer times to India after Singapore Dollars were added to a money transfer account.
When fast money transfers between Singapore and India are a priority, Wise is our recommended choice.
Transfer a large amount of money
Wise is the best rated company for sending large amounts of Indian Rupee to India out of 12 companies offering the service.
Whether for a property purchase, or for business, sending large amounts of money to India from Singapore has the potential to be very expensive.
Wise is our choice for big transfers to SGD because of all round price, speed and management when making large transfers.
Understanding the costs involved when moving money from Singapore to India
The total cost of sending money to India from Singapore is a mix of the mid-market, exchange rates and transfer fees.
The Mid-Market and Exchange Rates: The mid-market for SGD-INR is 63.0615 INR per Singapore Dollar.
Using a transfer company with an exchange rate as close to the mid-market rate as possible will result in being able to buy more Indian Rupee for your Singapore Dollars.
The SGD-INR mid-market rate over the last three months has seen the Singapore Dollar worth an average 63.1517 INR. Within this there has been a high of 64.6581, and a low of 61.4556.
From 12 companies compared, Wise offers the strongest exchange rates.
The biggest factor in the overall cost of sending money is the exchange rate you receive on converting SGD to INR.
Fees: When sending money there may be additional fees. Revolut offers the lowest fee of the 12 providers tested, averaging 0 SGD per transfer over the last 6 months.
Amount Received: When comparing providers, the best measure is the amount of Indian Rupee eventually received in India.
This number should allow you to determine if you are getting a good deal. A higher amount of money received in India, means a better overall cost of sending money from Singapore.
Track the exchange rate for Singapore Dollar to Indian Rupee
Sending money at the right time between SGD and INR can make a huge difference to overall cost. The exchange rate impacts how much INR you get for your SGD.
Over the last six months, the average numbers are:
The exchange rate from SGD to INR averaged 63.1517 INR.
The highest value recorded was 64.6581 INR, while the lowest was 61.4556 INR.
12 providers currently offer transfers between Singapore and India close to this rate
Want to secure the best SGD-Indian Rupee exchange rates?
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How to pay for money transfers between Singapore and India
Bank transfers
Bank transfers are often fastest, cheapest and best way to send money from Singapore to India.
Using a money transfer company such as Revolut for transfers from Singapore to India, will mean being able to send money via a bank transfer while benefitting from lower fees and more favorable exchange rates.
On average, Revolut is the cheapest provider for bank transfers of the 12 we compared for transfers from SGD to India.
To send money from Singapore to India, Revolut has an average fee of 0 SGD.
Debit cards and prepaid options
Sending money from Singapore to India with a debit card or a prepaid card is very simple with Wise.
Wise is the cheapest option for sending money with a debit card between Singapore and India. This is of the 12 money transfer companies offering debit card payments on this route.
Credit cards
When it comes to credit card money transfers from Singapore to India, Instarem emerges as our top choice of the 12 companies offering this service.
Be aware of fees: using a credit card to transfer money often results in a fee being charged by your card issuer. That's why we recommend bank transfer or debit card instead.
How we analyze the market
We track the cost, speed, and product offerings of the leading money transfer services available between India and Singapore.
Our comparison engine and algorithms evaluate providers based on over 25 factors, including transfer fees, ease of use, exchange rates, mobile apps, transfer times & customer support.
We also consider how these services are rated on platforms like TrustPilot, AppStore, and Google Play, giving you a comprehensive view of what to expect.
This thorough analysis helps you get the best available deal - every time you want to move money from Singapore to India.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send SGD to INR.
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy document.
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