SGD to INR exchange rate | Send money from Singapore to India

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📈 Singapore to India Money Transfer Snapshot Today

Best SGD to INR exchange rate today: INR 72.1924, offered by Key Currency
Number of money transfer providers compared: 16
Exchange rate range: INR 70.2404 to INR 72.1924
Potential savings on SGD 1000: INR 1,952.00
Number of deals and promo codes: 4
Mid-market^ⓘThe mid-market exchange rate (also called the interbank rate) is the real SGD to INR exchange rate before providers add their margin or fees. exchange rate: 1 SGD = INR 71.7758 (Updated about an hour ago)

See detailed Singapore to India money transfer comparison below.

Money Transfer Providers that matched the search criteria

💡What today's SGD-INR exchange rates mean for you

Compare today's SGD-INR exchange rates and send money from Singapore to India with confidence. View provider pricing, read detailed reviews, and discover current deals and promotional offers — all in one place.

We compared 16 providers serving this corridor today. Here is how the market looks like right now:

Today's Most Competitive Singapore to India Providers

🥇 Key Currency with 1 SGD = 72.1924 INR (best SGD to INR exchange rate today).

🥈 Currencyflow offering 1 SGD = 72.0985 INR.

🥉 Panda Remit & Ria Money Transfer are also pricing SGD-INR competitively today.

SGD-INR exchange rates fluctuate throughout the day, and top positions can change quickly. The best provider for a SGD 1000 transfer may not be the cheapest for larger amounts.

That's why comparing money transfer providers can significantly impact the final INR received in India.

🔄 Looking for the reverse route? Send money from India to Singapore instead.

Looking for a different option? You can browse all sending countries on our send money from hub, or view all destinations available when sending money from Singapore.

👇 Look beyond today's SGD-INR exchange rate — historical pricing trends show how they can affect the overall transfer cost of your transfer.

Whilst the exchange rate matters, long-term pricing patterns show that exchange rate markup, transfer fees, and payment and delivery methods can significantly influence your final payout.

Below, we analyze Singapore to India historical remittance data to help you understand where costs may arise and strategies to potentially maximize your INR payout.

Data-driven cost insights for Singapore to India money transfers

When you send money internationally from Singapore to India, the key factors that will influence the overall cost of your transaction are:

SGD-INR exchange rate
Transfer fee
Payment method
Delivery method

Ideally, you would want to optimize these 4 factors to try to get the maximum INR payout for your overseas recipient in India.

Another counter-balancing aspect is money transfer speed. If you need to rush money from Singapore to India, you may have to compromise on some or all of the above factors.

To put these factors into a better perspective with a data-driven approach, we have analyzed historical remittance pricing¹ for the Singapore to India corridor, comparing total transfer costs, FX margins, fees, and payment and delivery methods across providers.

This historical analysis based on actual SGD-INR transfer data could prove useful in identifying the lowest-cost funding options and payout combinations, thereby helping you reduce transfer costs and maximize the amount received.

Before we deep dive, here are the key trends from our analysis, summarized in an easy to read manner.

📌 Key insights for Singapore to India money transfers

Typical total cost: 2.46% (range 0.15% to 16.86%, spread 16.71 pp)
Potential value difference: On a SGD 260 transfer, that spread can save you up to SGD 43.45.
FX markup (exchange rate margin): 0.78% (range -0.17% to 2.97%, spread 3.14 pp)
Average transfer fee: SGD 4.39 (range SGD 0.00 to SGD 40.00)
Cheapest payment/delivery method combo: Bank Account Transfer → Bank Deposit (1.70% avg cost); most expensive is Credit Card → Bank Deposit (4.91%)
Method choice impact: Cheapest vs most expensive combo differs by about 3.21 percentage points.
Market coverage: ~20 active providers (competition level: competitive)
Typical speed: About 13 hours

What to do next: Compare providers using both exchange rate and fees, then optimize your payment and delivery methods to reduce total cost.

Below, we provide various useful and detailed insights for Singapore to India money transfers.

📈 SGD to INR exchange rate markup can be the biggest hidden cost

The exchange rate on your Singapore to India money transfers can often be the single biggest factor that will determine your overall SGD cost and your recipient's INR payout.

To analyze exchange rates, we will rely on the exchange rate markup (also called FX margin) which is the difference between the mid-market^ⓘThe mid-market exchange rate (also called the interbank rate) is the real SGD to INR exchange rate before providers add their margin or fees. exchange rate and the exchange rate you receive.

Based on 345 pricing observations across 20 providers over the last 3 years (for a SGD 260 money transfer benchmark), we see the following exchange rate markup ranges for Singapore Dollar to India transfers:

Average exchange rate markup: 0.78%
Median exchange rate markup: 0.69%
Lowest observed markup: -0.17%^ⓘA negative markup generally represents a promotional exchange rate whereby a provider offers an exchange rate that is even higher than the mid-market rate, often on smaller amounts.
Highest observed markup: 2.97%

That is an FX markup spread of 3.14 percentage points between the lowest and highest observed exchange rate markups.

This spread is important because FX markup is not consistent across providers or payment methods. In other words, a "good deal" on one day or transfer amount can look very different on another.

For example, on a SGD 260 transfer, the above markup range is equivalent to roughly INR 8.16 purely from differences in the exchange rate. That incremental saving can be INR 20.25 for a SGD 645 transfer.

How to use this insight: When comparing providers for Singapore to India international remittances, always compare the exchange rate you receive (not just fees). A small difference in the FX markup can outweigh fees quickly, and the impact typically grows as transfer amounts increase.

SGD to INR exchange rate can be the single most critical cost determining factor for your transfer. When comparing providers, pay close attention to the rate you will get.

💰 Transfer fees influence your total Singapore to India remittance cost

Whilst exchange rate is a major factor affecting total percentage cost, the transfer fee itself can also have a major impact on how much of your Singapore Dollar amount actually reaches your recipient in India.

Based on 345 pricing observations across 20 providers over the last 3 years (SGD 260 benchmark), we notice the following fee patterns for Singapore Dollar to India money transfers:

Average transfer fee: SGD 4.39
Median transfer fee: SGD 3.00
Lowest observed fee: SGD 0.00
Highest observed fee: SGD 40.00

On a SGD 260 transfer, the average fee amount of SGD 4.39 represents 1.69% of the total amount sent.

Looking at the overall fee variation, even if two providers provide similar exchange rates, a worst case transfer fee can reduce the final payout by SGD 40.00 on the same transfer amount.

For larger transfers, fixed fees generally become less significant as a percentage of the total amount. But for smaller transfers, fees can represent a substantial portion of total cost.

How to use this insight: For your next money transfer from Singapore to Indian Rupee, look for providers that provide lower (or even 0) fees.

One caveat to this, though, is something called the hidden fee. Some providers may hide their fees by providing lower exchange rates (referred to as a hidden fee), so you should also keep an eye on rates whilst paying attention to fees.

💸 Payment and delivery methods matter for SGD-INR remittances

Based on our detailed analysis of historical pricing on the Singapore to India corridor, we see meaningful variation in overall cost depending on the payment method and delivery method you choose.

Based on 345 pricing observations across 20 providers over the last 3 years (SGD 260 money transfer benchmark), the lowest-cost payment and delivery options consistently differ from the highest-cost ones.

For example, here is the average cost variation for popular payment methods used to send money to India from Singapore:

Bank Account Transfer: 1.79%
Mobile Wallet: 1.86%
Debit Card: 2.21%
Cash: 2.35%
Credit Card: 4.43%

That is a total spread of 2.65 percentage points.

This means that on a SGD 260 SGD-INR transfer, you could save (or lose) up to SGD 6.88 simply by choosing from amongst the available payment methods.

The savings will only multiply for higher SGD amounts.

Similarly, here is the average cost of popular delivery methods used to send money to India:

Bank Deposit: 2.36%
Cash Pickup: 2.65%

The difference between the above delivery methods is 0.29 percentage points.

Once again, this means that you could save up to SGD 0.75 on a SGD 260 transfer to India by choosing Bank Deposit versus Cash Pickup.

As you can imagine, the possible combinations of Singapore payment methods and India delivery methods will all have disparate cost associated with them. Let us look at that next.

Here is a summary table that shows the average cost of payment and delivery method combinations for Singapore to INR money transfers.

Payment Method	Delivery Method	Avg cost (%)
Bank Account Transfer	Bank Deposit	1.70
Mobile Wallet	Cash Pickup	1.83
Mobile Wallet	Bank Deposit	1.87
Cash	Cash Pickup	1.93
Debit Card	Cash Pickup	2.10
Debit Card	Bank Deposit	2.34
Bank Account Transfer	Cash Pickup	2.58
Cash	Bank Deposit	2.66
Credit Card	Cash Pickup	4.04
Credit Card	Bank Deposit	4.91

Combinations are sorted by average total cost % (cheapest to most expensive).

As you can see, the cost differential between these SGD-INR payment and delivery options is significant. To put this in further perspective:

Bank Account Transfer → Bank Deposit has the lowest average cost at 1.70%.
Credit Card → Bank Deposit has the highest average cost at 4.91%.
Bank Account Transfer → Bank Deposit average cost is 3.21 percentage points lower than Credit Card → Bank Deposit.
This means that on a SGD 260 money transfer, you could save up to SGD 12.75 simply by choosing the best payment and delivery method combo.
Further, on a SGD 645 money transfer, the savings increase to SGD 31.64.

Here is a quick summary of the average historical cost of various payment and delivery methods for SGD to India money transfers.

💸 Cheapest payment and delivery methods (data-backed)

Cheapest payment method: Cost of Bank Account Transfer averaged 1.79%, compared to 4.43% for Credit Card, a difference of 2.65 percentage points.
Cheapest delivery method: Cost of Bank Deposit averaged 2.36%, compared to 2.65% for Cash Pickup (0.29 percentage points higher).
Cheapest combo: Cost of Bank Account Transfer → Bank Deposit averaged 1.70%, which is 3.21 percentage points lower than Credit Card → Bank Deposit (4.91%).

How to use this insight: As you compare money transfer providers for your next Singapore to India international money transfer, strive to pair the lowest-cost payment method with the lowest-cost delivery method.

This approach can help you avoid a common remittance pitfall of "cheap exchange rate, expensive methods" that can raise total cost even when the headline exchange rate looks attractive.

You can save money on your Singapore to India remittances by carefully choosing the most economical payment and delivery methods.

🏦 Are banks more expensive than specialist providers for SGD-INR money transfers?

We compared traditional banks with specialist money transfer providers based on 3 years of pricing data for Singapore to India transfers (SGD 260 benchmark), and noticed some patterns.

We observed that traditional banks charge 0.41 percentage points more on average than specialist money transfer providers for the Singapore to India remittance corridor.

That means banks are approximately 1.17x more expensive than money transfer companies on average.

Here are the key stats behind this comparison:

	Banks	Specialists	Difference
Average transfer fee	SGD 5.05	SGD 4.19	SGD 0.86
Exchange rate markup	0.84%	0.76%	0.08 pp
Average total cost (%)	2.78%	2.37%	0.41 pp

How to use this insight: Whilst banks in Singapore may offer convenience and brand familiarity, specialist money transfer providers often deliver lower overall cost driven by better exchange rates and lower fees. Even if you want to send money overseas with your bank in Singapore, we recommend comparing with money transfer companies to find the best options.

📊 Does sending more reduce the cost of SGD-INR money transfers?

To see if transfer cost varies based on the amount sent, we compared the average costs of sending SGD 260 vs SGD 645 from Singapore to India.

We found that sending the higher amount (SGD 645) tends to be cheaper - average cost drops from 2.46% to 1.77%, a reduction of 0.69 percentage points.

It is possible that the cost may continue to drop for higher transfer amounts. That said, always check the latest exchange rates and fees for your transfer amount.

How to use this insight: Since it is generally cheaper to send higher Singapore Dollar amounts to India, consider consolidating smaller, more frequent transfers into fewer, larger sends as doing so may reduce the total cost you pay.

🏛 How competitive is the Singapore to India remittance market?

Based on 345 pricing observations over the last 3 years (SGD 260 money transfer benchmark), the SGD-INR corridor is served by 20 active providers on an average.

With 20 providers serving this market, we consider the level of competition in this corridor to be competitive.

Banks and specialist providers have a fairly balanced presence in this corridor: banks account for 45% of providers (9 out of 20).

A corridor with more active providers is typically more competitive, which can translate into better pricing and more payment and delivery options for your Singapore to India remittances.

⏱️ How fast are SGD-INR money transfers?

Transfer speed can matter just as much as cost, especially when your recipient in India needs funds urgently.

Based on 345 historical pricing observations across 20 providers over the last 3 years (SGD 260 benchmark), here is what we see for Singapore to India transfers:

Typical transfer time: About 13 hours.
Fastest transfer time: About less than 1 hour.
Slowest transfer time: About 96 hours (~4.0 days).
Average speed at SGD 260: About 13 hours.
Average speed at SGD 645: About 13 hours.

Banks vs money transfer providers: We observed that banks take on average 7 hours longer than specialist money transfer providers on this corridor.

How to use this insight: If you need to send money from Singapore to India in a hurry, compare providers not just on exchange rate, but also on expected speed. Speed often varies by payout method (bank vs cash vs wallet) and local rails in India.

On the Singapore to India corridor, delivery speed can vary across providers, so it is worth comparing transfer speed alongside total cost for time-sensitive money transfers.

Frequently Asked Questions about Singapore to India money transfers

These FAQs use data from RemitFinder's historical analysis of Singapore to India money transfers over several years.

What factors affect the total cost of sending money from Singapore to India?

SGD-INR exchange rate markup, transfer fees, payment method and delivery method all affect total cost.

The total cost of your SGD-INR money transfer depends on how you fund the transaction (payment method), how the recipient receives it (delivery method), the exchange rate markup applied, and any transfer fee charged by the provider. You can generally avoid overpaying by comparing various providers.

How much does the exchange rate markup affect Singapore to India transfers?

SGD-INR exchange rate markup can significantly affect your final payout.

Historical Singapore Dollar to INR FX markup ranges from -0.17% to 2.97%, a spread of 3.14 percentage points. As you can see, even small differences in the exchange rate markup can easily outweigh fees.

Can SGD-INR exchange rate markup be negative?

Yes, negative markup can occur for Singapore to India transfers, usually representing a promotional rate.

In some cases, providers may offer promotional exchange rates that are better than the mid-market rate, resulting in a negative SGD-INR exchange rate markup. These offers are typically limited in size, eligibility, or duration. Compare providers to see if you can take advantage of such special offers.

Is the exchange rate or the fee more important for Singapore to India transfers?

The transfer fee contributes more to pricing variation for SGD-INR transfers (and that remains true at higher amounts).

Exchange rate markup ranges from -0.17% to 2.97% (a spread of 3.14 percentage points). Transfer fees range from SGD 0.00 to SGD 40.00, which equals roughly 15.38 percentage points of a SGD 260.00 transfer.

At both SGD 260.00 and SGD 645.00, the transfer fee shows larger variation than the other component.

But regardless, our recommendation is that it is important to compare both exchange rates and fees when choosing a provider for Singapore to India transfers.

As the transfer amount increases, the % impact of fees often decreases (because the fee gets spread across a larger SGD amount), whilst exchange rate markup remains a percentage-based cost that can scale with transfer size.

For smaller transfers, fees can matter more, whilst for larger transfers, exchange rate markup often becomes the bigger driver. Either way, comparing both helps you get the most INR for your SGD.

How much can Singapore to India transfer costs vary between providers?

Transfer costs can vary significantly depending on provider and method.

Historical transfer costs range from 0.15% to 16.86% for SGD transfers to India. That is a spread of 16.71 percentage points, meaning the difference between providers can be material.

A major contributor to this variation is exchange rate markup. Markup alone ranges from -0.17% to 2.97% (a spread of 3.14 percentage points). Even small differences in FX margin, therefore, can significantly change the final INR payout.

Why does the same SGD transfer cost different amounts when sending INR to India?

Payment method, delivery method, exchange rate markup, and fees all affect total SGD-INR cost.

Costs vary because providers apply different Singapore Dollar exchange rate markups, charge different transfer fees, and offer different payment and delivery methods. Even small differences amongst all these factors can significantly change the final payout in INR in India.

How stable are transfer costs in the Singapore to India corridor?

Money transfer costs can vary meaningfully across providers and methods in the Singapore to India market.

When we analyzed the historical total cost for SGD-INR transfers, we observed a range from 0.15% to 16.86% (16.71 percentage points), along with a variability (standard deviation) of about 1.92%.

A major driver of cost in this market is exchange rate markup. Markup ranges from -0.17% to 2.97% (3.14 percentage points), with a standard deviation of about 0.58%. Fees and method choices can contribute to further volatility.

This reinforces why comparing money transfer providers and their services can matter when it comes to getting the most of your SGD-INR transfers.

Which payment method is cheapest for Singapore to India remittances?

Bank Account Transfer is the cheapest payment method in Singapore based on average cost.

Bank Account Transfer averages 1.79% of total cost compared to Credit Card at 4.43%, a difference of 2.65 percentage points.

Based on this, we recommend paying for your SGD transfer with Bank Account Transfer, and avoiding Credit Card if possible.

Is Debit Card cheaper than Credit Card for Singapore to India transfers?

Debit Card is cheaper on average when sending money to India from Singapore.

For SGD-INR transfers, Debit Card funding averages 2.21% compared to 4.43% for Credit Card payments, a difference of 2.23 percentage points.

As a result, we recommend that you avoid paying for your transfer to India with a Credit Card.

Which delivery method is cheapest for SGD-INR money transfers?

Bank Deposit is the cheapest delivery method in India on average.

Bank Deposit averages 2.36% total cost compared to Cash Pickup at 2.65%, a spread of 0.29 percentage points.

If your recipient in India can accept Bank Deposit, we recommend choose it as your preferred delivery option for SGD-INR transfers.

Is Bank Deposit cheaper than Cash Pickup for Singapore to India transfers?

Bank Deposit is cheaper on average for transfers to India.

For SGD transfers to India, Bank Deposit averages 2.36% versus 2.65% for Cash Pickup, a difference of 0.29 percentage points. To save more, consider choosing the cheapest delivery option for India.

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

For SGD-INR transfers, Bank Account Transfer → Bank Deposit has the lowest-cost combination on average.

We evaluated 10 payment and delivery method combinations in the Singapore to India remittance market.

Based on historical averages, Bank Account Transfer → Bank Deposit costs about 1.70% on average. At the other end of the spectrum, Credit Card → Bank Deposit is the most expensive combination at about 4.91% on average.

The spread between the cheapest and most expensive method combinations is approximately 3.21 percentage points when sending SGD to India.

Money transfer providers tend to price payment and delivery methods for Singapore to India remittances differently. As you compare options, look for the cheapest payment-delivery method combo to maximize the value of your SGD-INR transfers.

Does sending more money reduce the cost for Singapore to India transfers?

Larger SGD-INR transfers are cheaper as a percentage on average.

The cost of a SGD 260 transfer averages 2.46% as compared to 1.77% for a SGD 645 transfer, a difference of 0.69 percentage points.

Note that transfer cost can change quickly based on the SGD amount you send, so ensure to carefully compare providers.

How long does it take to send money from Singapore to India?

Most SGD-INR transfers complete in about 13 hours.

Based on our analysis, the average transfer time is 13 hours, with the fastest transfers completing in less than one hour and the slowest in 96 hours (~4.0 days).

Are instant transfers available from Singapore to India?

Yes, some transfers to India from Singapore can complete in less than one hour.

Historical data shows that certain providers can complete transfers in under one hour.

Note that the actual speed of your SGD-INR transfer will depend on the chosen provider, payment method, delivery method, and eligibility checks.

Are banks more expensive than money transfer companies for Singapore to India?

Banks in Singapore are more expensive than specialist money transfer providers on average.

Banks average 2.78% total cost compared to 2.37% for specialist money transfer providers in Singapore, a difference of 0.41 percentage points.

Why do banks charge more for Singapore to India transfers?

Banks in Singapore often apply higher exchange rate markups and charge high wire transfer fees.

In this corridor, banks average 2.78% total cost compared to 2.37% for money transfer specialists.

The difference is often due to the fact that banks in Singapore charge higher exchange rate markups, and often higher wire transfer fees as well.

How competitive is the Singapore to India remittance market?

On an average, there have been 20 active providers facilitating SGD-INR transfers.

Based on historical data, the competition level in Singapore to India is considered competitive with 20 active providers.

Specialist money transfer providers represent about 55% of identified providers in Singapore.

Do I risk overpaying if I do not compare providers for Singapore to India?

The difference between providers servicing Singapore to India can be meaningful, especially as the SGD transfer amounts increase.

Historically, total SGD-INR transfer cost has varied by about 16.71 percentage points. On a SGD 260 transfer, that can translate to roughly SGD 43.45 in savings.

SGD-INR exchange rate markup also varies across providers. The average markup spread has been about 3.14 percentage points. On a SGD 260 transfer, that is roughly SGD 8.16 saved from FX alone.

Fees can also make a big difference in this market. The fee difference across providers has been about SGD 40.00 traditionally.

That is why comparing providers can materially change how much of the SGD you send does your recipient receive in India in India.

Latest SGD to INR Conversion Rates

Here are some latest SGD to INR (Singapore Dollar to Indian Rupee) exchange rates for popular conversion amounts*.

1 SGD	71.78 INR
5 SGD	358.88 INR
10 SGD	717.76 INR
25 SGD	1,794.40 INR
50 SGD	3,588.79 INR
100 SGD	7,177.58 INR
150 SGD	10,766.37 INR
200 SGD	14,355.16 INR
250 SGD	17,943.95 INR
300 SGD	21,532.74 INR
400 SGD	28,710.32 INR
500 SGD	35,887.90 INR
600 SGD	43,065.48 INR
700 SGD	50,243.06 INR
800 SGD	57,420.64 INR
1000 SGD	71,775.80 INR
1500 SGD	107,663.70 INR
2000 SGD	143,551.60 INR
2500 SGD	179,439.50 INR
3000 SGD	215,327.40 INR
4000 SGD	287,103.20 INR
5000 SGD	358,879.00 INR
10000 SGD	717,758.00 INR
15000 SGD	1,076,637.00 INR
20000 SGD	1,435,516.00 INR
30000 SGD	2,153,274.00 INR
40000 SGD	2,871,032.00 INR
50000 SGD	3,588,790.00 INR
100000 SGD	7,177,580.00 INR

*Based on the Mid-market^ⓘThe mid-market exchange rate (also called the interbank rate) is the real SGD to INR exchange rate before providers add their margin or fees. Exchange Rate. Actual payout may vary based on the chosen money transfer provider.

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¹ Based on 345 pricing observations across 20 firms over the last 3 years for a SGD 260 money transfer from Singapore to India. Data Source: The World Bank, Remittance Prices Worldwide, available at http://remittanceprices.worldbank.org.

How we analyze remittance data?
Insights are derived from the World Bank's Remittance Prices Worldwide dataset, which collects standardized provider pricing information at defined transfer amounts.
We aggregate this data across multiple providers and multi-year periods to calculate averages, medians, and variability measures in order to identify consistent pricing patterns for the Singapore to India remittance corridor.
RemitFinder does not modify the underlying World Bank data. The analysis presented here is independently calculated from published datasets and is intended for informational and comparison purposes only.

Compare today's SGD to INR (Singapore Dollar to Indian Rupee) exchange rates