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
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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.
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Cessation of Cheque Processing Services
Following the announcement by the Monetary Authority of Singapore and the Association of Banks in Singapore, SGD corporate cheques will no longer be processed from 1 January 2027. Our bank will continue processing USD corporate cheques, retail cheques (SGD & USD), and cashier's order/manager's cheques (SGD & USD) till 31 May 2027. Customers are encouraged to switch to e-payment methods such as GIRO and MEPS+, and to deposit any SGD corporate cheques no later than 31 December 2026. |
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| (Update On: Date 15/09/2026 1000hrs) | |
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Note: Exchange Rates are subject to change without prior
notice.
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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
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| Singapore Branch - Raffles Place
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| Monday to Friday: 9.30 am to 4.00 pm
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| Closed on Saturdays, Sundays and Public Holidays.
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| Singapore Branch - Raffles Place Kiosk
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Remittance Kiosk
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24 X 7
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NEFT Remittance through Kiosk
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24 X 7
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