Indians can now receive remittances from Singapore directly into their bank accounts on real-time basis through major UPI and bank apps, like SBI, Axis Bank, and ICICI Bank, the National Payments Corporation of India (NPCI) said.

• This facility can be accessed by users of BHIM, PhonePe, and Paytm apps. Additionally, banks such as Axis Bank, DBS Bank India, ICICI Bank, Indian Bank, Indian Overseas Bank, and State Bank of India provide this functionality through their respectively. 
• The transaction fees are competitive, making the service ideal for small and frequent remittances, NPCI said, adding the facility is available 24/7, 365 days a year.
• This interoperability milestone is the result of close collaboration between the Reserve Bank of India (RBI) and Monetary Authority of Singapore (MAS).