How to transfer money from Japan to India

Japan doesn’t have many options to send money to India as compared to US or UK, The good news is that one of the leaders in money transfer worldwide Revoult is coming to Japan soon. You can join the wait list if you intend to stay here longer in Japan.

Let me first tell you that what are the best options available if you want to send Japanese (Yen) to Indian (INR)

How to send money from Japan to India

These are five best options if you want to send money from Japan to India.

1 . Transferwise

Send money abroad quickly and easily, at the lowest possible cost with TransferWise. Hold and convert your money in 28 currencies. And always get the real exchange rate.

Google Play : 4.5 Star (64,599 ratings)

2. WorldRemit


More than 4,000,000 customers use our money transfer service and many of them choose to do so on our app – a faster and more convenient way to send money worldwide. We offer low fees and guaranteed exchange rates in any case, and to get started, you can now use the code 3FREE and save the fees in your first three money transfers abroad.

Google Play : 4.5 Star (49,144 ratings)

3. WesternUnion

Western Union Japan

We transfer $80 billion annually, making an average of 31 safe, secure transfers per second. Smart money transfers from your phone for a flat fee of 390 JPY.

Google Play : 4.0 Star (1148 ratings) – Japan

4. GoRemit

GoRemit Japan

Bilingual assistance,170+ countries,Remittance made easy,Anywhere, anytime
Very bad Google play rating, still care to look – here it is

5. SBI Bank, Japan

SBI Japan

Strategic Business Innovator Group, (TYO: 8473) is a financial services company group based in Tokyo, Japan. 

Tokyo : State Bank of India Tokyo branch, 1-3-13 Nihonbashi, 中央区 Chuo City, Tokyo 103-0027, Japan

Osaka: State Bank of India (SBI), Osaka Branch, 1 Chome-8-15 Azuchimachi, Chuo Ward, Osaka, 541-0052, Japan

You need to visit the branch to transfer the money. You cant do it online.


Sending Money to Japan – Cheapest Option

Condition 1: Sending a Small Amount of Money (10,000 Yen)

The below table shows the conversion as of 14th November 2019, 17:00 hrs

JPY Amount10,00010,00010,00010,00010,000
Fees in Yen251525 (to pay extra)390 (to pay extra)2000 (to pay extra)3000 (to pay extra)
INR Received6,462.796543.506606.146493.506625.00
INR after Fees Adjustment6462.796543.50-343.54
Time TakenFew hoursWithin minutes1 daysFew hoursFew hours

If you have a smaller amount of money to send (10,000 Yen). Then we have a clear winner here i.e. Transferwise. You can easily set up a Transferwise account with your Japan Resident Card(you will receive this at the airport or from your local city hall) only. You may not need the my number card (you will receive this after a month in your address, it is like an aadhar card here).

Condition 2 : Sending Big Amount of Money (1,00,000 Yen)

Now, let’s see if we want to send a higher amount i.e. 1,00,000 Yen. Then how the charges changes.

JPY Amount1,00,0001,00,0001,00,0001,00,0001,00,000
Fees in Yen10901050 (to pay extra)390 (to pay extra)2000 (to pay extra)3000 (to pay extra)
INR Received65572.3865435.066061.4064935.066250.0
INR after Fees Adjustment65572.3865435.0-343.54
Time TakenFew hoursWithin minutes1 daysFew hoursFew hours

Here we see a little shift from our previous table. Transferwise is now ranking after Western Union. But I would still advise going with Transferwise because if you are using transferwise for the first time then uou’ve received a free transfer of up to 500 GBP (or equivalent in other currency).

Use this free link for 880 Yen discount

Condition 3: Sending Big Amount of Money (5,00,000 Yen)

Got more money to send :p Lets see who ranks first here

JPY Amount5,00,000505,00,0005,00,0005,00,0005,00,000
Fees in Yen48141700 (to pay extra)390 (to pay extra)2000 (to pay extra)3000 (to pay extra)
INR Received328,285.59327,182.30330,316.44324,675.32331,367.22
INR after Fees Adjustment328,285.59327,182.30-1,112.41
Time TakenFew hoursWithin minutes1 daysFew hoursFew hours

If you are sending a very big amount then you shall consider visiting the Western Union Office next to you or the SBI Branch located in Tokyo. These are two beneficial options. If you do not have easy access to these two options and Transferwise is still there. At any cost avoid using GoRemit or WorldRemit. They give you a very bad rate.

Concluding remarks

If you want to send money up to 1,00,000 Yen then Transferwise is the best option available. But if you are sending a higher amount then you shall go for Western Union or Deposit in the nearest SBI branch. But if you are not located in Tokyo or Osaka, then these options will not be easily accessible to you. You shall also consider spending your precious time and money on traveling to these branches.

Worldremit is very quick and it sends your money in minutes, so if you want it very urgent then use this. There are many other options if you want to transfer it in USD such as Skrill, Xoom, Remitly etc.

You shall also consider talking to your bank if they any cheaper options. Most of the time bank transfers are 2-3 times more costly to these online-based platforms.

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