Send Money from India to Europe

DBS Bank sets the benchmark for secure banking with dynamic in-built security being the foundation of all our solutions. Users can cap the maximum limit for overseas transfers through Internet Banking. We have an added step of generating a digital token as an additional layer of security prior to confirming the addition of overseas payees. All transactions are authorized using OTPs.

1. Log in to DBS Bank.
2. Navigate to the 'Pay & Transfer' menu and click on 'Overseas Transfer.'
3. If you have already added the payee, select 'Start a transfer' to initiate. If you have not already added the overseas payee, you'll have to add one.

Follow the steps below to add an overseas payee

1. Go to 'Add overseas beneficiary' and enter details like payee name, bank account number, bank name, etc.
2. Generate a challenge code to be sent to your registered mobile number.
3. Open the digibank app and enter the challenge code in the pre-login page. Before adding an overseas beneficiary, you need to download the digibank app on your phone and log in once.
4. The digibank app generates a digital token when the correct challenge code is entered.
5. Enter the digital token generated on your Internet Banking screen to confirm the addition of the beneficiary.

No. As per Indian rules and regulations, mobile applications cannot be used for transferring money overseas. But you can access the DBS Bank Internet Banking website through your mobile browser for money transfer transactions.

DBS Bank Remit seeks payment details and consent to terms and conditions online before accepting money transfer requests on the Internet. While you need not submit any specific documents to initiate a fund transfer to Europe, it is strongly recommended that you read the terms and conditions and the FEMA Act declarations available here before transferring money abroad.