Compare today's JPY to INR (Japanese Yen to Indian Rupee) exchange rates
📈 Japan to India Money Transfer Snapshot Today
- Best JPY to INR exchange rate today: INR 0.5889, offered by Panda Remit
- Number of money transfer providers compared: 10
- Exchange rate range: INR 0.4636 to INR 0.5889
- Potential savings on JPY 1000: INR 125.30
- Number of deals and promo codes: 3
- Mid-market
ⓘThe mid-market exchange rate (also called the interbank rate) is the real JPY to INR exchange rate before providers add their margin or fees. exchange rate: 1 JPY = INR 0.5888 (Updated about an hour ago)
See detailed Japan to India money transfer comparison below.
Money Transfer Providers that matched the search criteria
📢 Special exchange rate applied for first transfer
📢 B2B transfers only
If you are making international business money transfers or payments, RemitFinder can assist by matching you with the best options to suit your unique business needs. Get in touch now to see how we can help protect your business revenue by getting you higher exchange rates and lower transfer fees on international business FX.
💡What today's JPY-INR exchange rates mean for you
Compare today's JPY-INR exchange rates and send money from Japan to India after comparing numerous money transfer providers. Check the latest exchange rates, read detailed provider reviews, and discover deals and promo codes — all in one place.
RemitFinder compared 10 providers that you can rely on for Japan to India money transfers today. Here is a summary of how the competition looks like right now:
Today's Most Competitive Japan to India Providers
🥇 Panda Remit with 1 JPY = 0.5889 INR (best JPY to INR exchange rate today).
🥈 Instarem offering 1 JPY = 0.5873 INR.
🥉 Regency FX & Key Currency are also providing good FX rate today.
The exchange rate provided by these 10 providers ranges from INR 0.4636 to INR 0.5889. For a JPY 1000 money transfer from Japan to India, that could mean up to INR 125.30 saved on FX alone.
JPY-INR exchange rates fluctuate throughout the day, and top positions can change quickly. This volatility can significantly impact the final INR payout that your recipient gets in India.
That's why we recommend comparing money transfer providers to ensure you can maximize the value of your Japan to India remittances.
🔄 Looking for the reverse corridor? Send money from India to Japan instead.
Looking for a different option? You can browse all sending countries on our send money from hub, or view all destinations available when sending money from Japan.
👇 We also suggest looking beyond today's JPY-INR exchange rate — historical pricing trends show many factors that can affect the overall transfer cost of your transfer.
Whilst JPY-INR exchange rate is crucial, historical data shows that transfer fees, JPY amount sent and payment and delivery methods can also significantly influence your final payout.
Below, we analyze Japan to India historical remittance data to help you understand where costs may arise and share some best practices to try to maximize your INR payout.
Data-driven cost insights for Japan to India money transfers
When you send money internationally from Japan to India, the key factors that will influence the overall cost of your transaction are:
- JPY-INR exchange rate
- Transfer fee
- Payment method
- Delivery method
Ideally, you would want to optimize these 4 factors to try to get the maximum INR payout for your overseas recipient in India.
Another counter-balancing aspect is money transfer speed. If you need to rush money from Japan to India, you may have to compromise on some of the above factors whilst optimizing for speed.
To put this into a better perspective using a data-driven approach, we analyzed historical remittance pricing1 for Japan to India money transfers to compare transfer costs, FX margins, fees, and payment and delivery methods across providers.
This analysis is based on 454 actual Japan to India money transfers handled by 18 providers over the last 5 years (for a JPY 17000 remittance benchmark).
This data-driven approach using real JPY-INR transfer data provides useful insights into identifying the lowest-cost payment and delivery combinations, thereby helping you reduce costs and maximize the amount received.
Before we deep dive, here are the key trends from our analysis, summarized in an easy to read format.
📌 Key insights for Japan to India money transfers
- Average total cost: 10.48% (range -0.11% to 46.08%, spread 46.19 percentage points)
- Potential payout difference: On a JPY 17000 transfer, the above variation can save you up to JPY 7,852.30.
- Average FX markup: 1.34% (range -0.90%
ⓘA negative markup generally represents a promotional exchange rate whereby a provider offers an exchange rate that is even higher than the mid-market rate, often on smaller amounts. to 7.02%, spread 7.92 percentage points) - Average transfer fee: JPY 1,553.89 (range JPY 0.00 to JPY 7,500.00)
- Cheapest payment/delivery method combo: Credit Card → Bank Deposit (3.29% avg cost); most expensive is Cash → Bank Deposit (14.51%)
- Payment/delivery method choice impact: Cheapest vs most expensive combo saves 11.22% (JPY 1,907.35 on JPY 17000 transfer).
- Market coverage: ~18 providers on average (competition level: competitive)
- Average speed: About 32 hours (~1.3 days)
🛠️ Key takeaway: Compare providers using both exchange rate and fees, then optimize your payment and delivery methods to reduce total cost.
Below, we provide detailed data-driven insights on various factors that influence the total cost of your Japan to India money transfers.
📈 JPY to INR exchange rate is often the biggest driver of both cost and payout
The exchange rate on your Japan to India money transfers is usually the single biggest factor that will determine your overall JPY cost and your recipient's INR payout.
To analyze exchange rates, we will rely on the exchange rate markup (also called FX margin) which is the difference between the mid-market exchange rate
Based on historical pricing data for a JPY 17000 money transfer benchmark, we see the following FX markup ranges for Japanese Yen to India transfers:
- Average markup: 1.34%
- Median markup: 1.15%
- Lowest markup: -0.90%
ⓘA negative markup generally represents a promotional exchange rate whereby a provider offers an exchange rate that is even higher than the mid-market rate, often on smaller amounts. - Highest markup: 7.02%
That is a spread of 7.92 percentage points between the lowest and highest observed FX markups.
To put this into perspective, on a JPY 17000 transfer, the above markup range is equivalent to roughly INR 1,346.40 purely from differences in the exchange rate. That incremental saving increases to INR 3,326.40 for a JPY 42000 transfer.
🛠️ How to use this insight: When comparing providers for Japan to India remittances, pay close attention to the exchange rate you receive. A small difference in the FX markup can quickly outweigh other factors like fees, and the gap generally grows as transfer amounts increase.
JPY to INR exchange rate can be the single most critical factor that determines the cost of your transfer. When comparing providers, keep an eye on the rate you will get.
💰 Transfer fees affect your total Japan to India remittance cost
Whilst exchange rate is a major factor affecting total transfer cost, the transfer fee can also have a big impact on how much of your Japanese Yen reaches your recipient in India.
Based on data from last 5 years, we notice the below about Japanese Yen to India money transfer fees:
- Average fee: JPY 1,553.89
- Median fee: JPY 880.00
- Lowest fee: JPY 0.00
- Highest fee: JPY 7,500.00
The average fee amount of JPY 1,553.89 noted above represents 9.14% of the total amount sent.
Also note that even if two providers provide the same exchange rate, a best vs worst case transfer fee can increase the payout by JPY 7,500.00.
🛠️ How to use this insight: For your next money transfer from Japan to Indian Rupee, look for providers that provide lower (or even 0) fees.
One caveat to this, though, is something called the hidden fee. Some providers may hide their real fees by offering a 0 or low fee, but providing a lower exchange rate. The money lost due to an inferior FX rate affects your bottom line and is referred to as a hidden fee. Therefore, you should also keep an eye on rates whilst paying attention to fees.
Another point that you should keep in mind is that for larger transfers, fixed fees become a lesser percentage of total amount. But for smaller transfers, fees can be a major part of total cost.
💸 Payment and delivery methods matter for JPY-INR remittances
Based on our detailed analysis of historical Japan to India data, we see consistent variation in overall cost amongst the payment method and delivery method you choose.
Here is the average cost for popular payment methods used to send money to India from Japan:
- Credit Card: 3.29%
- Debit Card: 3.76%
- Bank Account Transfer: 10.65%
- Cash: 11.67%
That is a total spread of 8.38 percentage points.
This means that on a JPY 17000 transfer, you could save up to JPY 1,424.69 simply by choosing the best priced payment method.
These savings will only multiply for higher JPY amounts.
Here is the average cost of popular delivery methods used to send money from Japan to India:
- Cash Pickup: 7.80%
- Bank Deposit: 11.53%
The cost difference between the above delivery methods is 3.73 percentage points.
Once again, this means that you could save up to JPY 634.93 on a JPY 17000 transfer to India by choosing Cash Pickup versus Bank Deposit.
As you can imagine, the possible combinations of Japan payment methods and India delivery methods will all have disparate cost. Let us look at that next.
Here is a summary of the average cost of payment and delivery method combinations for Japan to INR money transfers.
| Payment Method | Delivery Method | Average Cost (%) |
|---|---|---|
| Credit Card | Bank Deposit | 3.29 |
| Debit Card | Bank Deposit | 3.76 |
| Bank Account Transfer | Cash Pickup | 6.94 |
| Cash | Cash Pickup | 8.88 |
| Bank Account Transfer | Bank Deposit | 11.78 |
| Cash | Bank Deposit | 14.51 |
Sorted by Average Cost % (cheapest to most expensive).
As you can see, the difference between these JPY-INR payment and delivery options is significant. Here are some observations:
- Credit Card → Bank Deposit has the lowest average cost at 3.29%.
- Cash → Bank Deposit has the highest average cost at 14.51%.
- Credit Card → Bank Deposit average cost is 11.22 percentage points lower than that of Cash → Bank Deposit.
- This means that on a JPY 17000 money transfer, you could save up to JPY 2,466.19 simply by choosing the best payment and delivery method combo.
- Further, on a JPY 42000 money transfer, the savings increase to JPY 6,092.94.
Here is a quick summary of the average historical cost of various payment and delivery methods for JPY to India money transfers.
💸 Cheapest payment and delivery methods (data-backed)
- Cheapest payment method: Credit Card averaged 3.29%, compared to 11.67% for Cash, a difference of 8.38 percentage points.
- Cheapest delivery method: Cash Pickup averaged 7.80%, compared to 11.53% for Bank Deposit (3.73 percentage points higher).
- Cheapest combo: Credit Card → Bank Deposit averaged 3.29%, which is 11.22 percentage points lower than Cash → Bank Deposit (14.51%).
🛠️ How to use this insight: As you compare money transfer providers for your next Japan to India international money transfer, strive to pair the lowest-cost payment method with the lowest-cost delivery method.
This can help you avoid the pitfall of "great exchange rate, expensive methods".
You can save money on your Japan to India remittances by carefully choosing the most economical payment and delivery methods.
🏦 Are banks more expensive than money transfer providers for JPY-INR remittances?
When we compared Japan banks with money transfer providers based on 5 years of remittance data, we noticed some patterns.
We observed that traditional banks charged 11.58 percentage points more on average than money transfer providers for Japan to India remittances.
This means banks tend to be approximately 2.88x more expensive than money transfer companies.
Here are the key stats behind this comparison:
| Banks | MTOs^ | Difference | |
|---|---|---|---|
| Average transfer fee | JPY 2,732.43 | JPY 855.04 | JPY 1,877.39 |
| Exchange rate markup | 1.68% | 1.14% | 0.54 pp* |
| Average total cost (%) | 17.75% | 6.17% | 11.58 pp* |
^MTO: Money transfer operator, a commonly used term for a money transfer provider
*Percentage points
🛠️ How to use this insight: Whilst banks in Japan may offer convenience and familiarity, money transfer providers often deliver lower overall cost due to their better exchange rates and lower fees. Even if you want to send money overseas with your bank in Japan, we recommend comparing with money transfer companies to find your best options.
📊 Does sending more money reduce the cost of JPY-INR money transfers?
To see if transfer cost varies based on the amount sent, we compared the average cost of sending JPY 17000 vs JPY 42000 from Japan to India.
We found that sending a higher amount (JPY 42000) tends to be cheaper - average cost drops from 10.48% to 5.27%, a reduction of 5.21 percentage points.
The cost of your transfer usually continues to drop as transfer amount increases. That said, always check the latest exchange rates and fees for your intended transfer amount.
🛠️ How to use this insight: Since it is generally cheaper to send higher Japanese Yen amounts to India, consider consolidating smaller, more frequent transfers into fewer, larger ones. Doing so may reduce the total cost you pay.
🏛 How competitive is the Japan to India remittance market?
Based on data from the last 5 years, JPY-INR money transfers are provided on an average by 18 remittance companies. With around 18 providers serving this market, we consider the level of competition to be competitive.
Traditional banks have represented only 27.8% of active providers in this corridor (5 out of 18), meaning money transfer companies make up the majority.
A remittance market with more active providers is typically more competitive. This means you can get a better pricing and more payment and delivery options for your Japan to India remittances.
⏱️ How fast are JPY-INR money transfers?
If your recipient in India needs funds urgently, you may need to optimize your transfer for speed.
Here is what we see for Japan to India transfers when it comes to processing time:
- Average transfer time: About 32 hours (~1.3 days).
- Fastest transfer time: About less than 1 hour.
- Slowest transfer time: About 144 hours (~6.0 days).
- Average speed at JPY 17000: About 32 hours (~1.3 days).
- Average speed at JPY 42000: About 32 hours (~1.3 days).
Banks vs money transfer providers speed comparison: Banks take 14 hours longer on average than money transfer providers.
🛠️ How to use this insight: If you need to send money from Japan to India in a hurry, compare providers not just on exchange rate, but also on expected speed. Speed also varies based on the delivery method (bank vs cash vs wallet) you choose for India.
Japan to India transfer speed varies across providers, so compare transfer speed along with cost for time-sensitive money transfers. In addition, pick the fastest payment and delivery methods for faster processing.
Frequently Asked Questions about Japan to India money transfers
These FAQs use data from RemitFinder's historical analysis of Japan to India money transfers over several years.
What factors affect the total cost of sending money from Japan to India?
The total cost of your JPY-INR money transfer depends on how you fund the transaction (payment method), how the recipient receives it (delivery method), the exchange rate you get, and any transfer fee charged by the provider.
To avoid overpaying for your transfer, compare money transfer providers.
How much does the exchange rate affect Japan to India transfers?
Historical JPY to INR exchange rate markup ranges from -0.90% to 7.02%, a spread of 7.92 percentage points. Even small differences in the exchange rate markup can impact your final payout significantly.
Can JPY-INR exchange rate markup be negative?
Sometimes, money transfer providers may offer promotional exchange rates that are better than the mid-market exchange rate, resulting in a negative JPY-INR exchange rate markup.
Such offers are generally limited by transfer amount, eligibility, or duration. Compare providers to see if you can take advantage of any ongoing special offers.
Is the exchange rate or the transfer fee more important for Japan to India transfers?
Exchange rate markup ranges from -0.90% to 7.02% (a spread of 7.92 percentage points).
Transfer fees range from JPY 0.00 to JPY 7500.00, which equals roughly 44.12% on a JPY 17000.00 transfer.
At both JPY 17000.00 and JPY 42000.00, the transfer fee shows larger variation than the other component.
Regardless, our recommendation is that it is important to compare both exchange rates and fees when choosing a provider for Japan to India transfers.
As the transfer amount increases, the % impact of fees decreases (because the fee gets spread across a larger JPY amount), whilst exchange rate markup remains a percentage-based cost that can scale with transfer size.
For smaller transfers, fees can matter more, whilst for larger transfers, exchange rate often becomes the bigger driver. Either way, comparing both helps you get the most INR for your JPY.
How much can Japan to India transfer costs vary between providers?
Historical transfer cost ranges from -0.11% to 46.08% for JPY transfers to India. That is a spread of 46.19 percentage points, meaning significant differences between various money transfer providers.
A major contributor to this variation is exchange rate markup. FX markup alone ranges from -0.90% to 7.02% (a spread of 7.92 percentage points). Thus, even small differences in FX margin can have a big impact on the final INR payout.
Why do various money transfer providers price JPY to India transfers differently?
If you send the same Japanese Yen amount to India via different providers, the cost of each transfer will be different because of variations in FX markup, fees, and payment and delivery methods.
Even small differences among all the above factors can change the final INR payout in India in a big way.
How stable are transfer costs in the Japan to India corridor?
When we analyzed the historical total cost for JPY-INR transfers, we observed a range from -0.11% to 46.08% (46.19 percentage points difference), along with a variability (standard deviation) of 8.15%.
A major driver of cost in this market is exchange rate markup. FX markup ranges from -0.90% to 7.02% (7.92 percentage points difference), with a standard deviation of 1.12%. Fees and payment/delivery method choices can contribute to further volatility.
This is exactly why we recommend comparing money transfer providers to get the most of your JPY-INR transfers.
Which payment method is cheapest for Japan to India remittances?
Credit Card is the cheapest payment method in Japan based on its average cost at 3.29% (compared to Cash at 11.67%, a difference of 8.38 percentage points).
Based on this, we recommend paying for your JPY transfer with Credit Card, and avoiding Cash if possible.
Is Debit Card cheaper than Credit Card for Japan to India transfers?
Credit Card is cheaper on average when sending money to India from Japan since it costs 3.76% (compared to 3.29% for Credit Card payments, a difference of 0.47 percentage points).
As a result, we recommend that you avoid paying for your transfer to India with a Credit Card.
Which delivery method is cheapest for JPY-INR money transfers?
Cash Pickup is the cheapest delivery method in India as it costs 7.80% (compared to Bank Deposit at 11.53%, a spread of 3.73 percentage points).
If your recipient in India can accept Cash Pickup, we recommend choosing it as your preferred delivery option for JPY-INR transfers.
Is Bank Deposit cheaper than Cash Pickup for Japan to India transfers?
Cash Pickup is cheaper for transfers to India given its 11.53% average cost (versus 7.80% for Cash Pickup, a difference of 3.73 percentage points).
To save more, consider choosing the cheapest delivery option for India.
What is the cheapest way to send money from Japan to India?
We evaluated 6 payment and delivery method combinations for Japan to India remittances.
Based on historical data, Credit Card → Bank Deposit is the cheapest combination with 3.29% cost.
At the other end of the spectrum, Cash → Bank Deposit is the most expensive combination at 14.51% cost. That is a difference of 11.22 percentage points between the cheapest and most expensive combinations.
Money transfer providers tend to price payment and delivery methods for Japan to India remittances differently. As you compare options, look for the cheapest payment-delivery method combo to maximize the value of your JPY-INR transfers.
Does sending more money reduce the cost for Japan to India transfers?
Larger JPY-INR transfers are cheaper on average.
The cost of a JPY 17000 transfer averages 10.48% as compared to 5.27% for a JPY 42000 transfer, a difference of 5.21 percentage points.
How long does it take to send money from Japan to India?
Based on our analysis, the average transfer time for JPY-INR transfers is 32 hours (~1.4 days), with the fastest transfers completing in less than one hour and the slowest in 144 hours (~6.0 days).
Are instant transfers available from Japan to India?
Yes, historical data shows that some transfers to India from Japan can complete in less than one hour.
Note that the actual speed of your JPY-INR transfer will depend on the chosen provider, payment method, delivery method, and eligibility checks.
Are banks more expensive than money transfer companies for Japan to India?
Banks in Japan are more expensive than money transfer providers.
The average cost of banks is 17.75% compared to 6.17% for money transfer providers in Japan, a difference of 11.58 percentage points.
Why do banks charge more for Japan to India transfers?
Bank transfers in Japan cost 17.75% compared to 6.17% for money transfer companies.
The difference is often due to the fact that banks in Japan provider lower exchange rates and charge high wire transfer fees.
How competitive is the Japan to India remittance market?
Based on historical data, the competition level in Japan to India is considered competitive with 18 active providers.
Money transfer providers represent about 72.2% of identified providers in Japan.
Do I risk overpaying if I do not compare providers for Japan to India?
Historically, total JPY-INR transfer cost has varied by 46.19 percentage points. On a JPY 17000 transfer, that can translate to JPY 7852.30 in savings.
JPY-INR exchange rate markup also varies across providers. The average markup spread has been about 7.92 percentage points. On a JPY 17000 transfer, that could be JPY 1346.40 saved from FX alone.
Fees can also make a big difference in this market, with a difference of about JPY 7500.00 across providers.
That is why comparing providers can materially change how much of the JPY you send does your recipient receive in India in India.
Latest JPY to INR Conversion Rates
Here are some latest JPY to INR (Japanese Yen to Indian Rupee) exchange rates for popular conversion amounts*.
| 1 JPY | 0.59 INR |
| 5 JPY | 2.94 INR |
| 10 JPY | 5.89 INR |
| 25 JPY | 14.72 INR |
| 50 JPY | 29.44 INR |
| 100 JPY | 58.88 INR |
| 150 JPY | 88.32 INR |
| 200 JPY | 117.76 INR |
| 250 JPY | 147.20 INR |
| 300 JPY | 176.64 INR |
| 400 JPY | 235.52 INR |
| 500 JPY | 294.40 INR |
| 600 JPY | 353.28 INR |
| 700 JPY | 412.16 INR |
| 800 JPY | 471.04 INR |
| 1000 JPY | 588.80 INR |
| 1500 JPY | 883.20 INR |
| 2000 JPY | 1,177.60 INR |
| 2500 JPY | 1,472.00 INR |
| 3000 JPY | 1,766.40 INR |
| 4000 JPY | 2,355.20 INR |
| 5000 JPY | 2,944.00 INR |
| 10000 JPY | 5,888.00 INR |
| 15000 JPY | 8,832.00 INR |
| 20000 JPY | 11,776.00 INR |
| 30000 JPY | 17,664.00 INR |
| 40000 JPY | 23,552.00 INR |
| 50000 JPY | 29,440.00 INR |
| 100000 JPY | 58,880.00 INR |
*Based on the Mid-market Exchange Rate
1 Based on 454 pricing observations across 18 firms over the last 5 years for a JPY 17000 money transfer from Japan to India. Data Source: The World Bank, Remittance Prices Worldwide, available at http://remittanceprices.worldbank.org.
How we analyze remittance data?
Insights are derived from the World Bank's Remittance Prices Worldwide dataset, which collects standardized provider pricing information at defined transfer amounts.
We aggregate this data across multiple providers and multi-year periods to calculate averages, medians, and variability measures in order to identify consistent pricing patterns for the Japan to India remittance corridor.
RemitFinder does not modify the underlying World Bank data. The analysis presented here is independently calculated from published datasets and is intended for informational and comparison purposes only.