Send instant transfers to India with PayNow-UPI

This service is available only for cross-border transfers to a UPI ID registered with one of the participating Indian banks. The recipient must have an account with one of the 19 participating banks and a UPI ID linked to the same bank account.

The account and the UPI handle of the recipient’s should be any of the combinations given below:

1. Axis Bank – @axisbank
2. Bank of Baroda – @barodampay
3. Bank of India – @upi
4. Canara Bank – @crnb
5. Central Bank of India – @upi
6. DBS Bank India – @dbs
7. Federal Bank – @federal
8. HDFC Bank – @pz
9. ICICI Bank – @icici
10. IDFC FIRST Bank – @idfcfirst
11. Indian Bank – @indianbank
12. Indian Overseas Bank – @iob
13. IndusInd Bank – @indus
14. Karur Vysya Bank – @kvb
15. Kotak Mahindra Bank – @kotak
16. Punjab National Bank – @pnb
17. South Indian Bank – @sib
18. State Bank of India – @sbi
19. UCO Bank – @uco

The following Indian banks support fund transfers via TPAPs, along with their corresponding UPI ID handles:

Google Pay

• Axis Bank: @okaxis
• ICICI: @okicici

BHIM

• Bank of India: @upi
• Central Bank of India: @upi

PhonePe

• Yes Bank: @ybl
• ICICI Bank: @ibl
• Axis Bank: @axl

The following Indian UPI banks currently participate in this fund transfer service:

1. Canara Bank
2. HDFC Bank
3. ICICI Bank
4. Indian Bank
5. Indian Oversea Bank
6. Karur Vysya Bank
7. State Bank of India

To use the PayNow-UPI service, you’ll first need to enable it by setting a daily transfer limit. Once enabled, you can start making transfers as needed.

“Recipient” refers to an individual located in the destination country where PayNow-UPI service is available and who receives the transferred funds. A recipient in India must have an account with one of the 19 participating banks and a UPI ID linked to the same bank account, to receive a PayNow-UPI transfer.

Yes, you can turn off the service anytime by updating your overseas transfer limit settings in digibank.

Simply follow these steps:

Log in to digibank > tap “More” > go to “Transfer Settings” > select “Overseas Transfer Limit” > tap “PayNow Overseas Transfer Limit” > select “PayNow-UPI” > toggle off the service.

PayNow-UPI Connection provides a convenient 24/7, secure and cost-effective means for customers of participating Banks and Non-Bank Financial Institutions (NFIs) in Singapore and India to perform cross borders transfers.

Unified Payments Interface, or UPI in short, is an instant real-time payment system developed by National Payments Corporation of India which facilitates inter-bank peer-to-peer transactions.

19 UPI banks are participating in this scheme:

• Axis Bank
• Bank of Baroda
• Bank of India
• Canara Bank
• Central Bank of India
• DBS Bank India
• Federal Bank
• HDFC Bank
• ICICI Bank
• IDFC FIRST Bank
• Indian Bank
• Indian Overseas Bank
• Indusind Bank
• Karur Vysya Bank
• Kotak Mahindra Bank
• Punjab National Bank
• South Indian Bank
• State Bank of India
• UCO Bank

Please note you will receive two notifications if your funds are successfully transferred to your recipient. The first notification indicates a successful submission of your request. An additional notification will be sent to you when the transfer has been successfully, or unsuccessfully made to the recipient. You can also refer to your bank account balance to check if the funds have been successfully debited.

As part of the PayNow-UPI service, a sender may ‘look up’ a UPI ID Proxy to see the name which is associated with that UPI ID Proxy, before initiating a transfer. The purpose of this feature is to provide the sender with a degree of assurance that he will be transferring the funds to his intended recipient, and so help to prevent erroneous transfers.

The process is the same as with the current PayNow process. Instead of keying in a PayNow user mobile number (e.g.: +6512345678) or VPA (e.g.: +6512345678#XNAP), you will need to request your Recipient in India (beneficiary) to provide you their registered UPI ID and key in that UPI ID.

Examples of UPI ID are:

• 8291847137@xxxxx
• divyanag@xxxxx
• divya-nag@xxxxx
• divya.nag@xxxxx

For the current phase, the recipient in India (beneficiary) should be an account holder who has a UPI ID with any of the participating banks (i.e., recipient should have an account with one of the 6 participating Indian banks and should also have UPI ID of the same bank).

The  recipient in India needs to have registered for UPI with one of the Indian banks participating in PayNow-UPI.

There is a minimum transaction amount of SGD10 and transaction amount is capped daily at SGD1,000 per user per day.

Currently, we do not charge any fees for PayNow-UPI service.

However, for recall of funds from India recipient, there will be a recall fee of INR750. The amount will also be subject to FX losses, depending on the prevailing rate.

Yes, you will receive email notifications to your DBS-registered email address.

Yes. For transfer via digibank app, you will receive this notification via email, SMS or Push note, according to your PayNow outgoing transactions’ alerts setting. You can change this under “Manage Notifications”.