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SINGAPORE REMITTANCES
Investing abroad? These 7 costly mistakes could trigger an income tax noticeWealthy Indians are investing more abroad. However, they must understand the rules to avoid trouble. Mistakes like misusing investment rout...- To drive up NRI investments, banks make FCNR deposits attractive with up to 7.1% return on dollar depositsIndia saw inflows topping $155 billion in 2025-26 via remittances. Add another estimated $50 billion from this scheme which will run until ...
- Banks court wealthy Indian diaspora in $50 billion deposit driveIndian banks are launching a global campaign to attract over $50 billion in deposits from the diaspora. This initiative aims to strengthen ...
- India, Nepal launch cross-border remittance mechanism; links UPI, NPIIndia and Nepal have launched a new system for money transfers. This links India's UPI with Nepal's NPI. Citizens can now send money instan...
- The $138 bn buffer: India’s most visible export can rescue the rupeeIndia is considering a policy push to accelerate overseas deployment of skilled workers as part of a broader strategy to support the rupee ...
- RBI tightens scrutiny of overseas investments as outflows surge to $27 billion in FY26Regulators are examining overseas investments by Indian companies. The Reserve Bank of India is seeking details on the purpose and structur...
- As rupee dips, I-T steps up vigil on shady outflowsIn multiple cases, individuals have used dozens of fake permanent account numbers (PANs) with the same name but different addresses and dat...
- Iran's Gulf attacks put India’s money flowing engine into one of the toughest testsIndia's essential remittance inflows are confronting an extraordinary obstacle. The intensifying turmoil in West Asia is fueling anxiety am...
- OpenFX secures $94 million in round led by Accel, AtomicoLightspeed, Faction VC, M13, Northzone, and Pantera participated in the funding round of the cross-border payments infrastructure startup. ...
- UPI-PayNow: International remittance enabled for these 13 new banks by NPCI; Know the detailsNPCI has expanded the UPI-PayNow international remittance service to include 13 additional Indian banks, bringing the total to 19. This enh...
- UPI-PayNow Linkage: Major UPI apps enabled to receive remittances from Singapore; who can useThe growing use of UPI in cross-border transactions is essential to the expansion of India's vibrant digital payment ecosystem.
- India largest recipient of remittances of $125 billion in 2023, rise to $135 billion in 2024“The remittance outlook for India for 2024 is strong. With unemployment rates edging up marginally in the United States and the United King...
- UPI-PayNow tie-up gains currency, cuts cost of remittanceIn the case of the PayNow-UPI linkage, reports said that for workers staying in Singapore for a brief period, the linkage would help them s...
- India, Singapore digital payment link clocking 100 transactions per dayOn February 21, India and Singapore launched the real-term linkage between the UPI and PayNow to facilitate instant and cost-effective cros...
- With UPI-PayNow linkage Modi government makes a grab at the India outside IndiaThe UPI linkage with Singapore's PayNow for faster and cheaper cross-border fund transfers through mobile apps is a step in that direction....
- UPI-PayNow launched: Who can use, daily limit, how it will benefit youUPI PayNow: Unified Payments Interface (UPI) and PayNow, the two countries' respective rapid payment systems, were used to establish cross-...
- UPI, Singapore's PayNow integration soon: official at G20 meetNational Payment Corporation of India (NPCI) MD & CEO Dilip Asbe said India is ready to offer UPI technologies and codes free of cost to he...
- SBI responds to Singapore government initiative with remittance centreRupee remittance was about SGD856 million as end of last year. Thirty-five per cent of the 285,000 construction workers in Singapore are fr...
- PM Modi launches 3 Indian digital payment apps in SingaporeThe RuPay digital payments system was linked up with Singapore's 33-year-old Network for Electronic Transfers (NETS).
- DBS in pact with SBI to offer remittance servicesSingapore-based DBS Bank has entered into a partnership with the State Bank of India to offer remittance services from Singapore to India.
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