Companies for transfers from India to Singapore
"Over 16 million customers use Wise, mostly for their excellent mobile app, transparent fee structure & use of mid-market rates. Now increasingly used for larger transfers."
"OFX have been helping individuals and businesses send money for over 25 years. Transfer in 50+ currencies to 170+ countries, with 24/7 phone access to currency experts."
"Over 16 million customers use Wise, mostly for their excellent mobile app, transparent fee structure & use of mid-market rates. Now increasingly used for larger transfers."
"OFX have been helping individuals and businesses send money for over 25 years. Transfer in 50+ currencies to 170+ countries, with 24/7 phone access to currency experts."
"Ria Money Transfer has over 35 yeas of trusted experience. Send money online to over 190 countries, and to over 500,000 pickup locations."
Best way to send: Wise
We tested & reviewed 10 money transfer companies offering services between India and Singapore, and Wise scored highly.
In total, Wise appeared in 71.6% of India to Singapore searches, and was the top rated company out of 10 that support transfers into Singapore Dollar.
So for a great mix of cost, speed & features, make your India to Singapore transfer using Wise.
How to send money from India to Singapore
Considerations ahead of sending money from India to Singapore
A comparison of providers offering services between India and Singapore, based on your specific transfer amount is the best way to send money with the confidence you’re getting the best price.
We’ve compared 10 providers that provide services for sending Indian Rupee to Singapore. This ensures you will get the best options for your transfer to Singapore from India.
Whilst we rate Wise as the best overall, comparing gives you a comprehensive view of all the options for transferring money from India to Singapore.
Cheapest way to send money from India to Singapore: Currencies Direct
On average, Currencies Direct fees were 0* INR per transfer and customers would expect an exchange rate between INR-SGD that is 0.64% different to the mid-market rate
Against the others tested, Currencies Direct is 0.5% cheaper than the second-best option.
To secure a cheap way to transfer INR to Singapore, Currencies Direct is our recommendation.
*The most common fee applied to INR-SGD by Currencies Direct, based on data from the past six months.
Fastest money transfers to Singapore from India: Currencies Direct.
Through our comparison, we found Currencies Direct to be the fastest option for sending Indian Rupee to Singapore Dollar 36.4% of the time. For fast transfers between INR and SGD, Currencies Direct is a great option.
When sending money from India to Singapore, Currencies Direct has an average fee of 0 INR. Although we would recommend comparing the amount you want to send.
When testing the fastest options, we compared the 10 money transfer providers offering India to Singapore transfers for overall speed. This included transfer times to after depositing Indian Rupee to a money transfer account.
When you want the fastest way to send, Currencies Direct is our recommended choice for India to Singapore transfers.
Send large sums of money
Wise offers the strongest all round option for large transfers of the 10 money transfer companies compared.
Whether for business or a property purchase, sending large amounts of money can be expensive if you get a bad exchange rate from Singapore Dollar to Singapore Dollar.
As such, opt for Wise for sending large sums of money to Singapore from India.
Understanding the cost of transferring money to Singapore from India
Fees and exchange rates make up the total cost of sending money from Singapore to Singapore. Finding a company that can offer both ensures a good deal on your transfer.
The Mid-Market and Exchange Rates: The current INR-SGD mid-market rate is 0.0159 SGD per Indian Rupee. You will get more Singapore Dollar for your Indian Rupees if you find a provider close to this number.
For context, over the last three months the INR-SGD mid-market rate has had a high of 0.0163, a low of 0.0153 and averaged 0.0159 SGD per Indian Rupee.
Across the 10 companies compared, the best exchange rate is with Wise.
Unless fees are unusually high, the exchange rate you receive on converting INR to SGD will be the biggest determining factor when working out the cost of transferring Indian Rupees to Singapore.
Fees: Transfer fees are charged as part of the transfer. Currencies Direct at an average of 0 INR per transfer over the last 6 months, offers the lowest fees overall. We’d always recommend comparing providers for your exact send amount as fees may change.
Amount Received: Money transfer companies will show you the amount of Singapore Dollar eventually received in Singapore. You can assume that a lower cost of sending from India will result in more money received in Singapore.
Getting the best exchange rate for Indian Rupee to Singapore Dollar
Tracking the mid-market rate can make a huge difference when sending money INR to SGD. The exchange rate you secure impacts how much SGD you get for your INR.
Here's some data on recent trends in the mid-market rate.
Over the past six months, the interbank rate from INR to SGD has seen some fluctuation. On average, it has been 0.0159.
During this period, the highest value level was 0.0163, with a low of 0.0153.
Wise, which is our recommended service to send money online from India to Singapore offers an exchange rate that is only 0.01% above the mid-market rate.
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India to Singapore money transfer payment methods
How we analyze the market
We track the cost, speed, and product offerings of the leading money transfer services available between Singapore and India.
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 India to Singapore.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send INR to SGD.
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy document.