We strongly recommend making FDI transfers to India via SWIFT in global currencies such as USD, GBP, and SGD.
Please take note of the pointers below based on the currency you are sending.
SGD to SGD/ USD/ Other Global Currencies
Before making the transfer, the client should check with the beneficiary whether their bank allows FDIs wherein the ultimate sender details are only reflected in the payment reference field.
The sender's name will be reflected as our payment partner's name.
The sender (i.e. you) should include the 6-pointer KYC details in the payment reference field.
SGD to INR
Investment purpose transactions are not supported for in-app transfers from Aspire SGD account to INR currency.
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