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 LIST OF INSURED DEPOSITS
Deposit accounts which are eligible for deposit insurance coverage under the Deposit Insurance and Policy Owners' Protection Scheme Act (CAP 77B).

Deposit Insurance Scheme Singapore dollar deposits of non-bank depositors are insured by the Singapore Deposit Insurance Corporation, for up to S$100,000 in aggregate per depositor per Scheme Member by law.
Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.

Savings Accounts
SGD Savings Account

Current Accounts
SGD Current Account

Fixed Deposit Accounts
SGD Fixed Deposit
 About the Bank
Commenced operations in Singapore on 23rd July 1941. Our niche areas of operations are Trade Financing and Retail Banking, and Indian Rupee Remittances in particular. >>More
 NOTICES

In line with the guidelines of the Monetary Authority of Singapore, Indian Bank Singapore Branch will not issue SGD-denominated cheque books to corporate clients after 31st December 2025.

Please note:

• Last date for issuance: 31 December 2025

• Cheques already issued can be presented for clearing only up to 30th December 2026.

 Services
Corporate Banking
Retail Banking
               Forex Rates
               Interest Rates
   
Current Exchange Rates (Update On: Date 15/01/2026 1100 hrs)
Currency
 
Units
 
Sell
 
Buy
USD
 
1
 
1.3035
 
1.2625
EUR
 
1
 
1.5160
 
1.4710
INR
 
100
 
1.4700
 
1.3500
Note: Exchange Rates are subject to change without prior notice.
DEAR CUSTOMERS,
YOU MAY ALSO SEND INDIAN RUPEE REMITTANCES THROUGH THE FOLLOWING CHANNELS:-
i. At the Remittance Kiosk located just outside our Raffles Place Branch (available 24 x 7)
ii.For eRemit Registered users - visit the internet at site : wwww.ibsingremit.sg

INDIAN BANK
SINGAPORE
 NOTICES
  1. Environmental Risk Management Disclosure
  2. Discontinuation of SGD-denominated cheques to corporate clients after 31st December 2025
    

Business Hours
Monday to Friday: 9.30 am to 4.00 pm
Closed on Saturdays, Sundays and Public Holidays.
Remittance Kiosk 24 X 7
NEFT Remittance through Kiosk 24 X 7


Annual Financial Statement 2024-25
  1. Financial Statement (English)
  2. Financial Statement (Chinese)
  3. Financial Statement (Malay)
  4. Financial Statement (Tamil)
  5. Previous Years Annual Financial Statements


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