Which participating banks and NFIs are part of the PayNow-UPI linkage
For Inward Remittance to India (Receiving Money)
To receive funds from Singapore to India via the PayNow-UPI linkage, the recipient in India must have:
-
A registered UPI ID
-
A bank account with one of the participating banks or supported third-party applications
Sending Participants (Singapore):
-
DBS Bank
-
Liquid Group
Receiving Participant Banks in India:
The recipient’s UPI ID must be linked to any of the following Indian banks:
-
Axis Bank (
@axisbank) -
DBS Bank India (
@dbs) -
ICICI Bank (
@icici) -
Indian Bank (
@indianbank) -
Indian Overseas Bank (
@iob) -
State Bank of India (
@sbi) -
Canara Bank (
@cnrb) -
Karur Vysya Bank (
@kvb) -
Kotak Mahindra Bank (
@kotak) -
IDFC First Bank (
@idfcfirst) -
Punjab National Bank (
@pnb) -
HDFC Bank (
@pz) -
Bank of Baroda (
@barodampay) -
IndusInd Bank (
@indus) -
South Indian Bank (
@sib) -
Federal Bank (
@federal) -
UCO Bank (
@uco) -
Central Bank of India (
@upi) -
Bank of India (
@upi)
Receiving Third-Party Applications (Apps) Supported:
If the recipient uses a third-party app, the following UPI handles are supported:
-
Google Pay:
@okaxis,@okhdfcbank,@okicici,@oksbi -
PhonePe:
@ybl,@ibl,@axl -
Paytm:
@paytm,@ptyes,@ptaxis,@pthdfc,@ptsbi -
BHIM:
@upi
For Outward Remittance from India (Sending Money)
The following Indian banks currently support sending money from India to Singapore via the PayNow-UPI corridor:
Sending Participants (India):
-
HDFC Bank
-
Karur Vysya Bank
-
ICICI Bank
-
Indian Overseas Bank
-
State Bank of India
-
Indian Bank
-
Canara Bank
Receiving Participants (Singapore):
-
DBS Bank — via Mobile Number format:
+65xxxxxxxx -
Liquid Group — via VPA format:
+65xxxxxxxx#XNAP
Will More Banks Join This Service?
Yes — additional Indian banks, Singapore-based participants, and NFIs may be onboarded in future phases to expand coverage and accessibility of the PayNow-UPI cross-border payment service.