Online Methods:
1.If you have a NRI account in any of the bank of your Country, then you can transfer money from your Singapore savings or corporate account to your NRI account ,if your account of Singapore Bank supports the money transfer option to the bank of your Country Bank. If you don't have NRI account, but would like to open, you can request to open it if there has branch of your bank in Singapore.
2.If the local Singapore bank of your savings account doesnt support trasnfer to your NRI account holding bank directly, but there has branch of your NRI account holding bank in Singapore, then you can open a new saving accounts in singapore , deposit your salary in it, then transfer it to NRI account through online. Usually takes 2-3 working days
3.Some banks support online remittance methods linke ICICI Money to India, DBS facilitates 'Mastercard Money send' options etc to many countries.
Manual Methods:
1. There are many money remittal agents like Western Union & many more - through which you can transfer money via Online, phone service or from the corresponding agent locations to your desired bank in your country or direct pick up in your country at western union agent location, the recipient must show the identification & the secret code given by agent. They take certain amount of commission for it. Money will be transferred in 1-2 working days. Visit western union site for more info.
2.Interntional DD- Almost all the nationalized and some of the private banks issue international DD by paying cash. You can mail it to your Country by any convenient method, then recipient can encash your DD.
3.Mustafa Centre in Singapore offers money transfer to most of the desired banks in your Country. For which you need to go in person, pay the cash, fillup your recipient bank account details. Money will be transferred in 2-3 working days.
Money Transfer to India:
You can follow any of the above methods.
-ICICI Money to India is one of the best options to transfer money online. Most people do transfer through this way, because DBS Bank in which most of the people hold their salary accounts, has Internet banking option that support the link to choose ICICI bank and transfer money. The good thing is no need to have/open an NRI account in your country for this method. No Service commission if sending amount is more than $S2000 else they charge $S5 per transaction and 25Rs will be deducted from your recipient's bank account in India. Money will be transferred in 2-3 working days maximum. But the charges may get varied, please visit corresponding site for more info.
-If you have HDFC NRI account in India,
you can open HDFC savings account in Singapore, can transfer money to your HDFC NRI account online. It offers highest good conversion rate. If your salary account is DBS, then can transfer money to HDFC local Singapore savings account online, then transfer it to your NRI account
Money transfer to Philippines:
You can follow any of the above methods.
Most Filipinos transfer money through money remittance agents located in Lucky Plaza, Singapore.
Money trasnfer to other countries: people transfer money based on the above methods which one is profitable, flexible or easiest as per thier comfort.
best of luck!!!
1.If you have a NRI account in any of the bank of your Country, then you can transfer money from your Singapore savings or corporate account to your NRI account ,if your account of Singapore Bank supports the money transfer option to the bank of your Country Bank. If you don't have NRI account, but would like to open, you can request to open it if there has branch of your bank in Singapore.
2.If the local Singapore bank of your savings account doesnt support trasnfer to your NRI account holding bank directly, but there has branch of your NRI account holding bank in Singapore, then you can open a new saving accounts in singapore , deposit your salary in it, then transfer it to NRI account through online. Usually takes 2-3 working days
3.Some banks support online remittance methods linke ICICI Money to India, DBS facilitates 'Mastercard Money send' options etc to many countries.
Manual Methods:
1. There are many money remittal agents like Western Union & many more - through which you can transfer money via Online, phone service or from the corresponding agent locations to your desired bank in your country or direct pick up in your country at western union agent location, the recipient must show the identification & the secret code given by agent. They take certain amount of commission for it. Money will be transferred in 1-2 working days. Visit western union site for more info.
2.Interntional DD- Almost all the nationalized and some of the private banks issue international DD by paying cash. You can mail it to your Country by any convenient method, then recipient can encash your DD.
3.Mustafa Centre in Singapore offers money transfer to most of the desired banks in your Country. For which you need to go in person, pay the cash, fillup your recipient bank account details. Money will be transferred in 2-3 working days.
Money Transfer to India:
You can follow any of the above methods.
-ICICI Money to India is one of the best options to transfer money online. Most people do transfer through this way, because DBS Bank in which most of the people hold their salary accounts, has Internet banking option that support the link to choose ICICI bank and transfer money. The good thing is no need to have/open an NRI account in your country for this method. No Service commission if sending amount is more than $S2000 else they charge $S5 per transaction and 25Rs will be deducted from your recipient's bank account in India. Money will be transferred in 2-3 working days maximum. But the charges may get varied, please visit corresponding site for more info.
-If you have HDFC NRI account in India,
you can open HDFC savings account in Singapore, can transfer money to your HDFC NRI account online. It offers highest good conversion rate. If your salary account is DBS, then can transfer money to HDFC local Singapore savings account online, then transfer it to your NRI account
Money transfer to Philippines:
You can follow any of the above methods.
Most Filipinos transfer money through money remittance agents located in Lucky Plaza, Singapore.
Money trasnfer to other countries: people transfer money based on the above methods which one is profitable, flexible or easiest as per thier comfort.
best of luck!!!
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ReplyDeletei really like this article please keep it up. convert money calculator
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