There are many options to send money from Singapore to India, but an online money transfer is the best. You can transfer money at your convenience without the hassle of visiting a bank or remittance center, but given there are a lot of banks and websites providing online money transfers from Singapore to India, which one is the best? Which will give you the best exchange rates and charge the lowest transfer fees? Do you need to create another account or you can use your existing DBS, OCBC, or UOB account to wire money from Singapore to India? Which bank is quickest in sending money to India.
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Recently one of my readers asked me that he wants to invest some money on NRE fixed deposits but confused on whether to go for foreign banks like Citibank, DBS, Standard Chartered, Deutsche Bank or Indian banks like ICICI, Kotak, HDFC, SBI, Axis Bank or Union Bank? I asked him, whether he has any existing NRE saving account , he says he doesn't have any existing NRE saving account? Then I ask him what is more important for you? the interest rate or convenience? and his answer was the interest rate. Read more »
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