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Enter any amount to see the exact converted value at today's live interbank rate — zero markup applied.
Today's Exchange Rates
INR to SGD — Everything You Need to Know
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1 INR to SGD today
The mid-market rate is the midpoint between the buy and sell prices on the global currency market. It is what Google shows. It is not what your bank charges.
The SGD to INR rate moves on Monetary Authority of Singapore policy decisions. Unlike most central banks, MAS manages the SGD against a trade-weighted basket of currencies rather than setting interest rates. So the SGD tracks regional trade flows, China's economic data, and global risk sentiment closely. Singapore's role as a financial and shipping hub gives the currency strong fundamentals.
The rate you see on Google is a reference number. The rate you transact at depends on who you buy from.
GST on the service component (tiered) + TCS above ₹10 lakh per FY apply per LRS rules. Disclosed upfront.
What 1 INR to SGD actually costs you
Here is where most travellers and students lose money without realising it. A bank quoting SGD at the mid-market rate plus a markup will not show that markup as a separate line item. It is built into the exchange rate.
Singapore university tuition, business travel allowances, and relocation funds run into significant SGD amounts. Even a small per-SGD markup compounds into a meaningful rupee figure across an annual fee transfer or a multi-trip business year. Repeat travellers feel the cumulative gap most clearly.
There are typically three cost layers on an SGD conversion: the exchange rate markup built into the quoted rate, a SWIFT or transfer fee, and GST charged on the service component.
Matrix Forex sells Singapore dollars at the live interbank rate without a markup.
Ways to convert INR to SGD
A bank wire transfer is the standard route for university fees, employer-required relocation funds, and larger transfers. Processing takes one to three working days with the bank's exchange rate plus SWIFT charges.
Online forex providers let you book a rate online, then choose branch pickup or door delivery. The booking locks the rate before payment.
A forex card is a prepaid card loaded with Singapore dollars before travel. It works at point-of-sale and ATMs across Singapore. The Matrix Forex Card supports SGD alongside 27 other currencies.
For smaller amounts, branch cash exchange remains the fastest option.
Tax and limits on INR to SGD
Under the Liberalised Remittance Scheme, an Indian resident individual can remit up to USD 250,000 (or its SGD equivalent) per financial year for permitted purposes — travel, education, medical, family support, gifts, and investments.
TCS applies above ₹10 lakh per person per financial year. Education funded through a loan from a Section 80E recognised institution is at 0% TCS regardless of amount. Self-funded education and medical are at 5% above ₹10 lakh. Other LRS purposes including travel and gifts are at 20% above ₹10 lakh.
TCS is not a final tax. It is adjusted against your annual income tax liability.