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Citibank SGD to INR Foreign Transfer Rates Today

The best SGD to INR rate is 61.77. We help you save money by comparing Citibank SGD to INR exchange rates to the latest market rate and those offered by leading FX providers.

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Sending money to India can be an expensive business, more so if you aren’t even aware of all the hidden fees. Money transfer companies and banks profit by charging you fees and a normally hidden margin on the exchange rate.

Using your Bank to make international wire transfers to India can be especially expensive – often 5% to 10% worse than using a foreign exchange specialist to send to India bank accounts or pay a Indian rupee invoice.

 

Citibank Money Transfer

Citibank's exchange rates for wire transfers are generally competitive and transparent, which makes it a good choice for customers who need to send or receive money internationally. However, it's always a good idea to compare rates and fees across different banks and financial institutions to ensure you're getting the best deal possible.

FX Order Watch: Citibank's FX Order Watch allows customers to set their own exchange rates and automatically execute foreign exchange transactions when the desired exchange rate is reached.

When you get a quote for your Citibank Wire Transfer from their website or in-app, you will see the Citibank exchange rate, but it can be difficult to then calculate how much mark-up you are being charged.

While all banks charge this mark-up, the extra amount being charged is much higher than it would be with a global money transfer specialist.

How do Citibank international wire exchange rates compare?

Sending or receiving international transfers to or from your Citibank bank account will include a margin rate of between 3.5% to 8% – this is much higher than most money transfer broker rates (which are normally 0.5 to 1.5%).

     

Currency Country Guides

IndiaIndia (INR)SingaporeSingapore (SGD)
 

How is the cost of living in India?

The cost of living in India is relatively low compared to developed countries. Basic goods and services cost less than 50% of what they cost in developed nations.

How is the expat life in India?

The expat life in India can be very exciting and enriching. There are many things to see and do, and the people are generally very friendly and welcoming. India can be a challenging place to live at times, but it is also very rewarding.

Read more at our India (INR) country guide

   
 

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