Transfer money overseas with DBS Bank Remit

Overseas Remittances

At a GlanceWhen you’re transferring money to your loved ones abroad, you also transfer joy.With DBS Bank Remit, you can now transfer money across 200+ countries, including USA, UK, Australia and Singapore at zero fees. What’s more? It’s quick & paperless with same day transfers.

BenefitsKey benefits of online overseas transfer:

Same day delivery

Your money will be delivered on the same day if transfer initiated before cut-off time

Zero fees*

We will not charge you any fees. No fees imposed on your recipient either

Preferential Exchange Rates

Guaranteed delivery of full credit to your recipient in following corridors

Sending USD to USA
Sending GBP to the United Kingdom
Sending AUD to Australia
Sending EUR to the Eurozone
Sending SGD to Singapore
Sending CAD to Canada

Cut off timeFor the countries listed below, initiate transfer successfully before the cut-off time and your money will reach your recipient within the same day. If your transfer was funded after the cut-off time, your money will reach the recipient on the next working day (from the time your transfer was initiated).

Country

IN (IST) Time for same day transfer

USA (in USD)

11:30 AM

Australia (in AUD)

9:00 AM

UK (in GBP)

11:30 AM

Eurozone (in EUR)

11:30 AM

Hong Kong (in HKD)

11:30 AM

Singapore (in SGD)

11:30 AM

Canada (CAD)

11:30 AM

For all other countries or if your transfer to the above countries is in a non-local currency, your transfer will reach the recipient within 1-3 working days from the time your transfer was initiated successfully before cut-off time.

*Fees and ChargesFor the following currency and country combinations, there are no fees charged by DBS:

Currency and Country	Bank Fee	Agent Fees	GST
USD to USA GBP to United Kingdom AUD to Australia EUR to Eurozone HKD to Hong Kong SGD to Singapore CAD to Canada	Free	Not applicable	As applicable from time to time, will also be applied to your transaction
Any other currency / country combination	INR 500	Agent fees, if applicable, will be charged

GST Charges

Amount of Currency Exchanged (ACE)	GST rates	Minimum GST	Maximum GST
Upto Rs. 1 lakh	0.18% of ACE	Rs. 45	Rs. 180
Between Rs. 1 lakh and up to Rs. 10 lakh	INR 180 + 0.09% of ACE	Rs. 180	Rs. 990
Above Rs. 10 lakh	INR 990 + 0.018% of ACE	Rs. 990	Rs. 10,800

How do I send money overseas online?

Login to your DBS Internet Banking and click on 'Overseas Transfer' tab under 'Pay & transfer'. You need to add new overseas payee by providing bank account details or 'Start a transfer' if your payees are already added. You will receive confirmation on successful processing of the payment request on your registered mobile no. and email Id.

How do I add beneficiary/payee for overseas transfer on DBS Internet Banking?

Post login to digibank application, you will be required to add new overseas payee before initiating an overseas payment. Please keep required details handy like payee full name, account no., bank details etc. to add overseas payee.Please ensure that you have downloaded and logged into digibank app at least once before adding a new overseas payee.Once the payee is set up, your newly added payee will be saved so that you don’t need to enter them all over again in your next transfer.

Can I initiate an overseas transfer on the digibank app?

Currently, remittances overseas are not permitted on mobile application in accordance with extant law/regulation in India. You will be able to initiate an overseas transfer from DBS Internet Banking page which can be opened on your mobile.

What documents do I need to send money overseas?

There are no documents required for transferring funds overseas as required payment details and declaration are collected digitally while submission of the overseas transfer request on DBS Internet Banking. Please go through the Terms & Conditions (T&C) and FEMA declaration that are provided on our website. You will have to agree and confirm applicable T&C and declaration before transaction submission and by virtue of you accepting these, it would be deemed that you agree to these.

What type of transactions / under what purpose can an overseas transfer be initiated on DBS Internet Banking?

Money can be sent overseas for following purposes:

Maintenance of Family / Close Relatives Abroad

Education Abroad

Medical Treatment Abroad

Emigration

Other Travel (Including holiday trips & settlement of international credit card transactions)

Business Travel

Travel for Education (including fees, hostel expenses etc.)

Travel for Medical Treatment

Travel for Pilgrimage

Gifts / Donation

Under what circumstances the outward remittance request submitted may get rejected?

Account not having sufficient funds

Amount of transaction exceeding USD 25000 or equivalent

In case the annual LRS limit of USD 250,000 has been utilized

If beneficiary country is not part of “Permitted Country List”

If the beneficiary is not part of the “Permitted Beneficiary List”

Remittance being sent to your own account overseas

If incorrect or partial details of beneficiary / beneficiary’s bank has been provided

In case of unauthorized / non-permissible transactions not allowed as per RBI Regulations

Is there any minimum or maximum limit on overseas transfer initiated on DBS Internet Banking?

There is minimum limit of USD 10 per transaction. The maximum transaction limit for overseas transfer is USD 25,000 per transaction which is also the maximum daily transaction limit. The annual transaction limit is USD 250,000 or equivalent.The maximum limit of USD 250,000 or equivalent per year for transferring money abroad under Liberalized Remittance Scheme (LRS) is applicable for a customer for all transactions routed through all permissible channels / Authorized Dealers Banks (subject to any purpose specific limit specified by Reserve Bank of India).

View the full list of FAQsView Terms and ConditionsView Overseas transfer declaration

How to Use DBS Bank remittance servicesFor DBS Bank users

Using the DBS Internet Banking website

Download the App and sign up for a full savings account.

Then login to your DBS Internet Banking website

Enjoy a paperless process and seamless transfers through DBS Internet Banking and open NRI savings account today and experience effortless global remittance.

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