More than 100,000 Indian expats call Singapore home. Their remittances represent an important source of income for their loved ones who use the money to pay for education, medical care, and other essentials. It is important that they are supported by a low-cost, secure and efficient way of sending money home.
Revolut is committed to providing our customers with the best rates when it comes to currency exchange. Read on to learn how our rates and fees compare against other providers.
What are Revolut's fees like?
We charge a fixed percentage fee of 0.3%, pegged to a minimum of SGD 0.30 and a maximum of SGD 9.00. A fair usage fee will apply under certain conditions. Click here for more details.
How does Revolut compare against other service providers?
If you're exchanging 500 SGD to INR, the table below illustrates how much INR you'll get at different providers*, as well as the fees they charge:
Before you confirm the transfer, Revolut will tell you:
The amount your recipient gets
The exchange rate for this particular transaction
The amount in SGD exchanged
The fees charged
The total amount you pay
The estimated time it takes your money to reach your recipient
Check out this step-by-step video for more details.
Great! How can I send money to India with Revolut?
If you're already a Revolut customer, you can send money to an Indian bank account by adding it as a beneficiary in your Revolut app. Not a customer yet? Download the Revolut app, set up a free account, top it up via bank transfer and you're ready to start remitting money home.
From now to July 10, 2021, Revolut is waiving fees on remittances to India in support of customers who are remitting money to family and friends fighting the Covid pandemic.
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