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Send money to India, receive your salary in Grey, deliver INR in minutes
Indian nationals are the single largest resident nationality in Singapore, concentrated in technology, finance, pharmaceuticals, and engineering. The monthly remittance to parents in Chennai or Bangalore, the EMI on an apartment in Hyderabad, the school fees for a sibling in Pune, these are not occasional transfers. They are financial commitments that run on a schedule.
Money reaches your Grey USD account from your Singapore employer. You convert to INR and send to SBI, HDFC Bank, ICICI Bank, Axis Bank, or a UPI wallet. The rupees arrive within minutes. The rate shown when you confirm is the rate applied. There is no rate revision between when you send and when the credit appears in your recipient's account.
UPI has changed the receiving experience in India. A transfer that once required a bank visit now lands in a Google Pay or PhonePe wallet immediately, spendable for groceries, bills, or recharge. Grey supports UPI delivery directly. Enter the UPI ID or mobile number, confirm the INR amount, send.
How to send money to India from Singapore
Sign up
Open a Grey account in under five minutes on your phone. Verify with a valid passport or Singapore NRIC. Grey Inc is registered with FinCEN at 651 N Broad St, Suite 206, Middletown, DE 19709, United States.
Fund
Your Grey USD account comes with US routing and account numbers. Share them with your employer for salary payments or with clients for invoices. Income lands in Grey directly. That Grey balance is what you send from.
Send
Enter your recipient's bank details. Confirm the USD-to-INR rate and fee. Send. Transfers arrive within minutes.
What does it cost to send money to India from Singapore
Wise applies a variable fee that grows with transfer size and a rate very close to mid-market. Instarem charges a flat fee with a rate slightly above mid-market. Grey charges a transparent conversion fee and a rate close to mid-market, both shown before confirmation.
The most accurate comparison: enter SGD 1,000 on each service and compare the INR amount the recipient gets. That single number captures both the fee and the rate margin. Grey's total cost is competitive on this corridor.
On monthly transfers, even a small rate difference compounds. SGD 5 per transfer across 12 months is SGD 60. More if the amounts are larger.
Grey shows the exact amount your recipient will receive before you confirm. That number does not change between confirmation and delivery.
How the USD to INR rate works
The USD-to-INR rate is determined by the forex market and fluctuates through the day. Most Singapore remittance services convert SGD to USD first, then USD to INR, with two rate margins in the chain. Grey operates from a USD base, which eliminates the SGD-to-USD conversion step.
Grey locks the rate at confirmation. The INR amount shown when you confirm is what your recipient receives, regardless of rate movement after you send.
For UPI delivery, the INR credit appears in the recipient's wallet within the transaction. There is no further conversion or deduction on the India side.
How does Grey compare to Singapore bank transfers to India
Grey delivers to Indian banks and UPI wallets within minutes. Wise and Instarem are similarly fast on this corridor. Singapore bank SWIFT transfers to India take 1 to 3 business days with higher fees.
For Indian professionals managing both time-sensitive and routine transfers, Grey's within-minutes delivery from a funded balance covers both use cases without a different service for each.
What your recipient sees in India
Your recipient receives a standard local bank credit. They do not need a Grey account.
Bank account delivery
Grey delivers to SBI, HDFC Bank, ICICI Bank, Axis Bank. Enter the account details in the Grey app.
Transfer speed
Transfers from a funded Grey balance arrive within minutes.
GreyTag transfers
If your recipient has a Grey account, send via GreyTag for free and instant delivery in any currency.
How to fund your transfer
Your Singapore employer wires your USD salary into your Grey USD account. The routing and account numbers work exactly like a US bank account for receiving. Once the salary clears in Grey, you send to India from the app in under two minutes.
Employer payroll
Share Grey USD account details with your employer once. Every salary cycle, USD lands in Grey automatically.
USD wire transfer
Wire USD from any bank to your Grey account. Useful if salary arrives elsewhere first.
Existing Grey balance
If you already hold USD in Grey, send immediately without a new deposit.
Many Indian professionals in Singapore keep a running Grey balance and send in portions throughout the month, rather than one large monthly transfer. There is no frequency limit and no minimum amount requirement.
Who sends money from Singapore to India
Monthly family support
Regular monthly transfers to support parents, siblings, or children in India. Grey's rate lock and fast delivery make it reliable for recurring transfers.
Education payments
School fees and university tuition for family in India. Time-sensitive payments that must arrive in the right account by a deadline.
Business and freelance
Singapore-based businesses paying suppliers or contractors in India. Freelancers routing client payments home.
Savings and investment
Converting Singapore earnings into INR for savings or investment in India.
Indian professionals in Singapore send home for a specific set of financial obligations: parents' monthly living expenses, EMI payments on property purchased before emigrating, school fees for siblings, medical bills for aging family members, and savings being built toward an eventual return. Each obligation has different timing and urgency.
Best way to send money from Singapore to India
FAQs
How do I send money from Singapore to India with Grey?
Your salary or client payments arrive in your Grey USD account. From there, enter your recipient's Indian bank account number or UPI ID, confirm the USD-to-INR rate and fee, and send. SBI, HDFC Bank, ICICI Bank, Axis Bank, and UPI wallets including Google Pay and PhonePe are all supported. Transfers typically arrive within minutes.
What is the USD to INR rate today?
The current USD-to-INR rate is shown in the Grey app before you confirm each transfer. The rate at confirmation is the rate applied. It does not change between confirmation and delivery.
How long does a transfer from Singapore to India take?
Transfers to Indian banks and UPI wallets from a funded Grey balance typically arrive within minutes. This applies to SBI, HDFC Bank, ICICI Bank, Axis Bank, Google Pay, and PhonePe.
Which Indian banks does Grey support?
Grey delivers to all major Indian banks including SBI, HDFC Bank, ICICI Bank, Axis Bank, Kotak Mahindra, and Bank of Baroda. UPI delivery via Google Pay, PhonePe, and Paytm is also supported.
Does my family in India need a Grey account?
No. The transfer arrives as a standard credit to their Indian bank account or UPI wallet. They do not need to download Grey or create an account.
What is the fee for sending money from Singapore to India?
Grey charges a conversion fee shown in the app before you confirm. The USD-to-INR rate is also shown separately. Both are visible before you send. No hidden charges apply after confirmation.
Is Grey cheaper than Singapore bank transfers to India?
Singapore bank remittances to India typically carry a flat fee plus an exchange rate margin of 1.5 to 3 percent. Grey shows both the conversion fee and the rate before confirmation. For amounts above SGD 500 equivalent, the rate difference is typically the dominant cost factor.
Can I send to a UPI ID from Singapore?
Yes. Grey supports UPI delivery. Enter your recipient's UPI ID linked to Google Pay, PhonePe, or Paytm and the transfer arrives as a UPI credit, typically within minutes.
What happens if my transfer to India is delayed?
Most delays occur when the funding has not yet cleared in your Grey balance. Once your balance is funded, transfers to India typically process within minutes. Contact Grey support in the app if a transfer is pending beyond the expected window.
How often can I send money from Singapore to India?
There is no restriction on frequency. You can send as often as needed within your account limits, which vary by verification level and are shown in the Grey app.
Does Grey support UPI transfers for Singapore-based Indian professionals?
Yes. Grey supports UPI delivery for transfers from Singapore to India. Indian professionals in Singapore can enter their recipient's UPI ID for immediate mobile wallet delivery, typically within minutes from a funded balance.
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