At a Glance

Real-time transfers between Singapore and India

Transfer anytime anywhere with just a few taps on your mobile.

Transfer via recipient’s India UPI ID

Only available for PayNow-UPI participating banks.

Available 24/7

We got you covered with 24/7 funds transfers, even on holidays, with no cut-off time.

 

Features & Benefits

  • Secure and real-time funds transfers via an SGD wallet
  • Send funds anytime anywhere with just an UPI ID
  • Transfer up to $1000 per day
  • No fees for a limited time only

For transfers of a bigger amount, you may use DBS Remit to India.


Launch Promo

   

Transfer funds to your family and loved ones in India at SGD0 fee!
For a limited time only.

 

How it works

Step 1
Log in to digibank Mobile
Step 2
Tap Pay & Transfer, PayNow and select UPI (India)
Step 3
Select bank account to transfer from and enter your recipient’s UPI ID
Step 4
Input transfer amount, select transfer purpose and tap Next
Step 5
Review your details and tap Transfer now

 

You play an important role in securing your banking transactions. Learn more about how to protect yourself online here.

 

Participating banks for Singapore to India transfers

This service is only for cross-border transfers to a UPI ID registered directly with these participating banks (recipient should have an account with one of the 6 Indian participating banks and should also have UPI ID of the same bank).

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

Beneficiary Account with UPI ID Handle
Axis Bank @axisbank
DBS Bank India @dbs
ICICI Bank @icici
Indian Bank @indianbank
Indian Overseas Bank @iob
State Bank of India @sbi
 

Participating banks for India to Singapore transfers

India UPI banks currently participating in this linkage for fund transfers are:

India banks
ICICI Bank
Indian Bank
Indian Overseas Bank
State Bank of India
 

Frequently Asked Questions

General

The linkage 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.


2 PayNow members are participating in this scheme:

  • DBS
  • Liquid Group

6 UPI banks are participating in this scheme:

  • Axis Bank
  • DBS India
  • ICICI Bank
  • Indian Bank
  • Indian Overseas Bank

Once the PayNow-UPI linkage is established, further participants (both banks and NFIs) may be onboarded to offer this service to their customers.


To use the PayNow-UPI service, you will need to be registered for PayNow. By registering for PayNow, you agree to the Terms and Conditions Governing Accounts and Terms and Conditions Governing Electronic Services, which apply to both the PayNow service and the PayNow-UPI service.


Opting out of receiving funds from India via PayNow-UPI:
PayNow users will be automatically opted into the PayNow-UPI service. In order to opt out of the PayNow-UPI service, you would need to de-register yourself from the PayNow. This would mean opting out of both the PayNow-UPI service and the PayNow service.

Opting out of sending funds to India via PayNow-UPI:
Please update your digibank app to the latest version from 21 Feb 2023 onwards. After the update, this service will automatically be deactivated. You may choose to activate this later by following the on-screen instructions.

Transfers

Please note you will receive a notification 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 India recipient (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 below participating banks (i.e., recipient should have an account with one of the 6 Indian participating banks and should also have UPI ID of the same bank).

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

Beneficiary Account with UPI ID Handle
Axis Bank @axisbank
DBS Bank India @dbs
ICICI Bank @icici
Indian Bank @indianbank
Indian Overseas Bank @iob
State Bank of India @sbi

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

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

Beneficiary Account with UPI ID Handle
Axis Bank @axisbank
DBS Bank India @dbs
ICICI Bank @icici
Indian Bank @indianbank
Indian Overseas Bank @iob
State Bank of India @sbi

At launch, selected DBS customers will be able to transfer funds of up to SGD1000 per day.

Fees & Charges

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.


No, board rate for SGDINR will be applied for any amount. You can refer to this page for indicative rate.

Notifications

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 alerts setting. You can change this under Manage alerts page.

Explore more

Thank you. Your feedback will help us serve you better.

Was this information useful?

That's great to hear. Anything you'd like to add?
We're sorry to hear that. How can we do better?
Enter only letters, numbers or @!$-(),.