Question 1

What is the best way to send money from Singapore to India?

Accepted Answer

Today, Wise delivers the highest amount — ₹62,027 for every S$1,000 sent, at a rate of 62.3000 INR per SGD. Compare every provider's true cost (rate plus fee) above before deciding.

Question 2

What is today's SGD to INR exchange rate?

Accepted Answer

The mid-market rate is the rate banks use among themselves. Providers add a small margin on top, so the rate you actually receive will be slightly lower.

Question 3

How much does it cost to send S$1,000 to India?

Accepted Answer

Costs vary significantly. The best provider (Wise) gives you ₹62,027 after fees. The worst (MoneyGram) only gives you ₹60,756. That's a difference of ₹1,271 on a single S$1,000 transfer.

Question 4

How long do transfers take?

Accepted Answer

Speed varies by provider and payment method. Wise typically completes in same day. Cash pickup networks like MoneyGram, Western Union and Xoom are usually fastest (minutes). Bank wires and ACH transfers can take 1–3 business days.

Question 5

Are there taxes on sending money to India?

Accepted Answer

In most cases, sending money internationally is not taxable for the sender. However, large transfers (typically over $10,000 USD or equivalent) may require reporting to financial authorities such as FinCEN in the US or HMRC in the UK. The recipient country may have its own rules. Always check with a tax professional for your situation.

Provider	Fee	Rate	Recipient gets	Speed
1 WiseBest value	SGD 5.20	62.3000	₹62,027	Same day	Send
2 XoomPromo available	Free	61.8000	₹61,800	~2 hrs	Send
3 Remitly	Free	61.5000	₹61,500	Same day	Send
4 Western Union	SGD 4.50	61.2000	₹60,924	1–2 days	Send
5 MoneyGram	SGD 4.00	61.0000	₹60,756	1–2 days	Send

Send Money from Singapore to India — Best SGD/INR Rates

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