Enjoy Remittance Services Offered by DBS Treasures

Q: Are there any guidelines about outward remittances?

Yes, the Reserve Bank of India (RBI) has outlined FEMA guidelines for outward remittances from India.

Q: Is there a limit on the amount that can be remitted from an NRE account?

No, there is no limit on the amount that can be remitted from NRE accounts.

Q: Can NRO accounts remit money outside India? If yes, how much can they remit?

NRO accounts can be used to remit money outside India and up to USD 1 million can be remitted overseas every year.

Money Remittance Services

At a Glance

For Non-Resident Indians (NRIs), reliable and robust international money transfer services are essential; that’s where remittances become extremely important. DBS Treasures clients benefit from fast and cost-effective remittance services throughout the year.

Fast and secure

Experience same-day remittances backed by a guarantee

Preferential rates

Attractive forex rates at zero commission or handling fees

Easy transfer

Quick and simple digital banking processes allow you to remit funds easily

Inward Remittances

An NRE account comes with various inward remittance benefits including:

Preferential Exchange Rates: Convert your remittance from your foreign currency to INR at the time of credit and enjoy preferential rates.
- Amount of <= USD 5000- Card Rate is applicable (at ~2.5%)
- Amount between USD 5,000- USD 50,000- Basis customer’s tier* (ranging between 0.12%-1.82%).
- Above USD 50,000- Contact your Treasures Relationship Manager
  *Customers tier is defined basis the frequency of remittance and relationship held with the bank.
No Service Charges: Credits to an NRE account do not attract any additional service charges. Only the Fx conversion fees will be levied.
Speedy Account Credits: When you transfer money to a DBS Treasures NRE account, we credit the funds within 24 hours* of receiving instructions.

Open an NRI Savings Account

DBS India Remit

This facility is for NRI customers who are based out of Singapore. Once they open a DBS Treasures account in Singapore, they can register for iBanking and provide details of their account in Singapore for remittance. They also need to provide details of the recipient account in India to complete the remittance process.

Mentioned below are the benefits of DBS India Remit:

Fastest and most cost-effective way to remit funds between Singapore and India
Beneficiaries credited within 24 hours of DBS Treasures receiving instruction (before 11:30 AM IST)
Fixed preferential exchange rates at the time of the transaction, with customers notified of the exact rupee amount to be credited
SMS updates on the transaction status
Transactions backed by our award-winning MoneySafe* guarantee

Outward Remittances

DBS Treasures customers enjoy preferential forex and commission rates for outward remittances

International money transfers to over 200+ countries in more than 20 currencies
Lowest service fee on remittances in the market
Funds delivered the next day
Fixed preferential exchange rate at the time of remittance
Fastest way to remit funds to Singapore
Remit funds without any commission or handling fees

Open an NRI Savings Account

Fees and Charges

International Funds Transfer	Fees and Charges
Outward Remittances	Free (Correspondent bank and third party charges apply)
Credit to DBS account for inward remittances from other banks	Free
Returned funds for unapplied OTT / ITT	All INR 500 + Swift Charges