Transfer Money to the Singapore

Send Money from India to Singapore – Fast, Secure, and RBI-Approved

Looking to send money to Singapore for education, family support, medical needs, or vacation purposes? Matrix Forex offers a seamless and secure platform for online money transfer to Singapore. As an RBI-approved service provider, we ensure your funds reach their Singaporean destinations promptly and safely.

Why Choose Matrix Forex for Your Money Transfers to Singapore?

RBI-Approved Services

Operate within the guidelines of the Reserve Bank of India, ensuring compliance and security.

Competitive Exchange Rates:

Benefit from favorable rates that maximize the value of your transfers.

Low Transfer Fees:

Enjoy cost-effective solutions with minimal charges.

Fast Money Transfer to Singapore

Experience prompt processing times, ensuring your funds reach their destination quickly.

User-Friendly Online Platform:

Initiate and track your transfers with ease through our intuitive interface.

Dedicated Customer Support:

Receive assistance from our experienced team for any queries or concerns.

How to Transfer Money from India to Singapore

Transferring money from India to Singapore is a straightforward process with Matrix Forex:

Register Online: Create an account on our platform.
Provide Necessary Details: Enter the recipient's information and the amount to be transferred.
Choose Transfer Purpose: Select the reason for the transfer, such as education, medical expenses, or supporting relatives.
Upload Required Documents: Submit necessary documents as per RBI guidelines.
Make Payment: Complete the transaction through our secure payment gateway.
Track Your Transfer: Monitor the status of your international money transfer in real-time.

Common Purposes for Sending Money to Singapore

Under the Liberalised Remittance Scheme (LRS) by the RBI, individuals can remit up to USD 250,000 per financial year for various purposes:

Education:

Pay tuition fees and living expenses for students studying in Singapore.

Medical Treatment:

Cover medical expenses for treatments in Singapore.

Maintenance of Relatives:

Support family members residing in Singapore.

Emigration:

Manage costs associated with relocating to Singapore.

Private Visits:

Cover expenses for personal travel to Singapore.

Employment Abroad:

Facilitate financial requirements for taking up employment in Singapore.

Essential Information for Transferring Money to Singapore

When initiating a SWIFT money transfer to Singapore, ensure you have the following details:

SWIFT Code:

Obtain the correct SWIFT code of the beneficiary's bank.

Recipient's Bank Details:

Ensure accuracy in the recipient's name, account number, and bank address.

Purpose of Remittance:

Clearly specify the purpose of the transfer, such as education, medical treatment, or maintenance of relatives, as per RBI guidelines.

Tax Implications:

Be aware of any tax implications in both India and Singapore related to your transfer.

Documentation:

Maintain proper documentation for the transfer, including invoices, admission letters, or medical bills, depending on the purpose.

Ready to Transfer Money to Singapore?

Experience seamless and secure international money transfers with Matrix Forex. Our RBI-approved services, competitive rates, and dedicated support ensure your funds reach their Singaporean destination efficiently.