We’ve analysed and compared 2 ways to send money from India to Japan.
Regency FX with bank transfer deposit and bank deposit payout is the cheapest way to send money from India to Japan. Sending 600,000 INR will get you 981,472.45 JPY in Japan.
| 2 of 2 providers Last updated on 28 September 2026 | |||
| Based on 600,000 INR transfer Best companies for INR/JPY transfers | |||
| Promoted  Wise Pay via Bank transfer | Fee ₹7,571.33 1 INR = 1.6405 JPY -0.02% vs mid-market | Recipient gets ¥9,71,879.00 Next day | |
Ways to receive money in Japan with Wise when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositNext dayAvailable via:Bank Transfer ₹7,571.331 INR = 1.6405 JPY ¥9,71,879.00You pay₹6,00,000.00 | |||
| Promoted  Regency FX Pay via Bank transfer | Fee ₹0.00 1 INR = 1.6358 JPY +0.27% vs mid-market | Recipient gets ¥9,81,472.45 Minutes - 24 hours | |
Ways to receive money in Japan with Regency FX when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hours Free1 INR = 1.6358 JPY ¥9,81,472.45You pay₹6,00,000.00 | |||
Run a live search Showing top India to Japan deals for 600,000 INR. Do a live search with your exact amount for today's best rates. | |||
Run a live search Showing companies that send from a business account. Run a business search to get live INR to JPY rates. | |||
Run a live search These companies offer multi-currency accounts for spending JPY. We suggest doing a live search based on how much INR you're planning to spend in Japan. | |||
Run a live search These are managed services with real human support for large INR transfers. Click the link and update the transfer amount to get the best deal. | |||
| Exclusive: First Transfer Deal Regency FX Pay via Bank transfer | Fee ₹0.00 1 INR = 1.6358 JPY +0.27% vs mid-market | Recipient gets ¥9,81,472.45 Minutes - 24 hours | |
Ways to receive money in Japan with Regency FX when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hours Free1 INR = 1.6358 JPY ¥9,81,472.45You pay₹6,00,000.00 | |||
| Wise Pay via Bank transfer | Fee ₹7,571.33 1 INR = 1.6405 JPY -0.02% vs mid-market | Recipient gets ¥9,71,879.00 Next day | |
Ways to receive money in Japan with Wise when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositNext dayAvailable via:Bank Transfer ₹7,571.331 INR = 1.6405 JPY ¥9,71,879.00You pay₹6,00,000.00 | |||
| How Our Results Work Mid-market rate: 1 INR = 1.6402 JPY Updates every 60 minutes. | |||
Transfer details
For a one-off transfer to Japan, I suggest picking the cheapest option which is Regency FX.
On a 600,000 INR transfer, Regency FX delivers the most JPY.
The best option will change depending on how much you actually send, so I suggest to get the best INR/JPY rate.
You can fund your transfer via bank transfer.
Most people pay with UPI straight from their banking app, and it reaches the money transfer company account in seconds.
For a large amount (10+ lakhs), ask for RTGS instead, it clears quicker than the everyday rails.
You'll need your PAN and a signed Form A2 before the money can leave the country.
Start a first transfer a few days early.
How much INR you send to Japan heavily affects the best ways and the cheapest options. Use the table below to check how the cheapest options change and how much more you'd get by comparing.
| Cheapest service | |||||
|---|---|---|---|---|---|
| ₹1,00,000 | -0.03% | ₹1,642.44 | ¥1,61,410.00with bank transfer to bank deposit | ¥0.00 | |
| ₹6,00,000This page | 0.27% | ₹0.00 | ¥9,81,472.45with bank transfer to bank deposit | +¥4,796.72 | |
| ₹10,00,000 | 0.27% | ₹0.00 | ¥16,35,984.88with bank transfer to bank deposit | +¥7,388.94 |
Mid-market rate: 1 INR = 1.6402 JPY
You have 2 options to send money to Japan from India.
Easiest way to send INR
Online services and apps are simple and cheap for INR to Japan transfers.
It works well for tuition deposits, living costs, and other ongoing payments to Japan.
Wise charges 7571.33 INR in fees to send ₹600,000, which will get your recipient around 971,879 JPY.
Spending and receiving
With Wise you can hold INR and JPY in one account and swap between them when you need.
And you get JPY and INR banking details to receive payments.
Useful if you’re studying in Japan, travelling there often, or getting paid in JPY.
Making business payments
Business payments supported by an invoice do not use the owner’s personal LRS allowance.
Wise Business, Instarem Business, and Payoneer can manage freelancer payments, batch payments to Japan, invoices, and more.
With Regency FX, paying by bank transfer and receiving through bank deposit is the cheapest combination. Sending ₹600,000 gives your recipient 981,472.45 JPY.
UPI can fund the INR side when the company supports it, but the outward remittance still leaves India through an RBI-authorised bank.
From India, you can fund your transfer to Japan using bank transfer.
Fund the outward remittance through your bank
Fund the transfer by bank transfer from your Indian account.
You will normally need your PAN, Form A2 and documents showing the purpose of the transfer.
In Japan, your recipient can receive JPY by bank deposit.
You pay ₹600,000.00
¥981,472
Cheapest
Outward transfers from India sit under the Liberalised Remittance Scheme. The purpose decides the documents and how much TCS is collected upfront.
For an INR 600,000 transfer to Japan, the current options are:
The cheapest option is Regency FX, funded by bank transfer with bank deposit for the payout. Your recipient gets 981,472.45 JPY, which is 0.98% more than the next best option.
The fastest option is Regency FX, funded by bank transfer with bank deposit in Japan. Your recipient gets 981,472.45 JPY in minutes - 24 hours.
A resident individual can remit up to USD 250,000 in one financial year under the Liberalised Remittance Scheme for permitted current and capital-account transactions.
The limit is per person and covers your combined LRS use, including gifts, maintenance, study, travel and overseas investment.
It is not a separate allowance for every bank or transfer company.
The authorised money transfer company will normally ask for your PAN, Form A2 and a purpose code.
The RBI LRS direction explains the yearly limit and permitted use.
TCS is collected on qualifying LRS remittances above the annual threshold.
From April 2026, education and medical remittances are generally collected at 2% above ₹10 lakh, while many other purposes carry 20% above the threshold.
Education funded by a qualifying loan does not attract TCS.
TCS is a tax credit rather than an extra transfer fee. You can claim it against your final tax bill, but the money remains unavailable until it is adjusted or refunded.
Add up your LRS payments across banks before sending. The bank or transfer company will need your earlier use to apply the threshold correctly.
UPI can be used to deposit money to a money transfer company, but it can’t send JPY to Japan.
Instead, a money transfer company will switch to a local network of bank account or local rails to move INR to JPY.
All outward remittance still passes through an RBI-authorised dealer.
The rate decides how much JPY arrives for your INR. Recent movement gives you a useful range to compare against today's quote.
Mid-market rate:1 INR = 1.639434 JPY
Money only leaves India through an RBI-authorised dealer, so that's the first filter on this table.
We track 2 of them on INR to Japan, comparing rates, fees and the ways you can pay in, refreshed in real time on live comparisons.
Each one also goes through our review, and hand-collected pricing is marked as such.
Any tax information is for general guidance only and does not constitute tax advice. Speak to a qualified tax adviser about your circumstances.
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