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Indian Rupees to Singapore Dollars today
Singapore Dollar
SGD is the official currency of Singapore and is represented by the symbol $/S$. Information regarding SGD, including its conversion rates, can be found easily.
INR - SGD Currency Convertor
Please enter a value above ₹ 5000
Today SGD rate : INR
last updated a min ago
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SGD to INR Chart and Rates
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Popular INR to SGD Conversion Rates:
| Indian Rupee (INR) | Singapore Dollar (SGD) |
|---|
| Indian Rupee (INR) | Singapore Dollar (SGD) |
|---|
| 1 Singapore Dollar To Indian Rupee Stats | Last 30 Days | Last 90 Days |
|---|---|---|
| High | INR | INR |
| Low | INR | INR |
| Average | INR | INR |
| Change | % | % |
Benefits of Converting INR to SGD Online with moneyHOP
Fastest
delivery
Fast Processing & 100% Digital
Industry Best
Exchange Rates
moneyHOP offers the best exchange rates in the Foreign Exchange market. We strive to provide efficient customer service and surpass all competitors in the industry.
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Support
Intitate transactions anytime, anywhere with 24/7 human assistance
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with us
Compliant with all regulations.
Avail Special Student
Discount
We provide exclusive discounts to students on remittances or travel card transactions related to educational purposes.
How Can I Convert Indian Rupee (INR) to Singapore Dollar (SGD) in India?
There are multiple ways to convert SGD to INR in India. One of the ways is the traditional approach of doing so, going to banks & the process involves you standing in the queue and waiting for your turn. This is not only time consuming but very tedious and even after all the effort, you end up paying a high cost.
The second way is to do it at the Airport; however, the cost to exchange SGD to INR is comparatively higher and charges are exorbitantly high at the airports.
moneyHOP provides the best INR to SGD conversion in contrast to traditional alternatives, such as banks and local authorized money changers.
Steps to Convert Indian Rupees to Singapore Dollars with moneyHOP
Enter the Amount
Just type the amount in the box you want to convert
Select your Currencies
Choose for the drop-downs the desired currencies you want to convert
All Done!
Our Currency Converter will display the current rate.
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INR - Indian Rupee
Our currency rankings show that the most popular Indian Rupee exchange rate is the INR to SGD rate. The currency code for Indian Rupee is INR. The currency symbol is Z
View more >SGD - Singapore Dollar
SGD is the official currency of Singapore and is represented by the symbol $/S$. Information regarding SGD, including its conversion rates, can be found easily.
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Frequently Asked Questions
What are the fees involved in transferring money to Singapore From India?
The charges are Bank processing fees & Nostro Fees. Bank Processing Fee & Nostro Fee are standard for HOP Remit users i.e Rs. 1250
How long does it take for a money transfer to reach its destination in Singapore
It takes anywhere between 24 to 48 business hours to reach money to its destination.
What are the most common ways to transfer money to Singapore from India?
The popular ways to transfer money from India to the U.S. are by using bank transfer or wire service, online money transfer service providers like moneyHOP.
How much SGD can I transfer from India to Singapore?
As per the RBI, Under the Liberalized Remittances Scheme (LRS) every Indian resident can send up to USD 2,50,000 in a financial year. An individual can remit multiple times during the year for various purposes permitted under the LRS limit, However, the total amount of all such transactions must not exceed USD 2,50,000 in a FY.
How much money can my parents send from India to Singapore?
As per the RBI's Liberalized Remittance Scheme (LRS), a student studying abroad is entitled to consume foreign exchange up to USD 250,000 or its equivalent in a financial year just like any other Indian resident.
Do I have to pay tax on money transferred from India to Singapore?
- For Remittance there is no tax, if the INR amount is crossing Rs. 7 lakhs then TCS (Tax collection @ source) will be collected. Purpose code - University Fee - TCS is charged @ 5% over and above 7 Lakhs
- Purpose code - University Fee - In case of education loan - TCS is charged @ 0.5% over and above 7 Lakhs
- Purpose Code - Medical Treatment - TCS is charged @ 5% over and above 7 Lakhs
- TCS of 20% from 1st October 2023 will be charged for rest all purpose codes
Can I gift money to my brother in Singapore from India?
Yes, It will be going under the Gift purpose code. For this the user needs to provide the gift declaration form. (Can be downloaded from our portal)
How much money can be sent to Singapore as a gift?
As per RBI guidelines and LRS scheme one can send USD 250000 as gift
