Remitting from Japan to India

The following table shows how much it costs to remit money from Japan To India. Click on column headings to sort the data.

Note: Corridor averages are unweighted and do not reflect the market shares of the different firms that compose the average. For comparability purposes, the two initial USD reference amounts of $200 and $500 were kept. In the third quarter of 2009, the amounts in local currency were adjusted in order to reflect foreign exchange fluctuations.

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Collection period for Third quarter 2009

See prices in JPY | USD

1900048000

				Total cost
Firm name	Firm type	Fee (JPY)	Exchange rate margin (%)	Percent (%)	JPY	Transfer speed	Network Coverage	Date
Money Gram	MTO	1500.00	0.67	8.57	1628.30	Less than one hour	Nationwide	Sep 17, 2009
Remit2india.com	MTO	1000.00	4.42	9.69	1841.10	N/A	Nationwide	Sep 17, 2009
Japan Post Bank	Bank	2500.00	0.91	14.07	2673.30	6 days or more	Nationwide	Sep 17, 2009
Citibank	Bank	4000.00	0.91	21.96	4172.40	6 days or more	Nationwide	Sep 17, 2009
State Bank of India	Bank	4000.00	2.90	23.96	4552.40	2 days	Nationwide	Sep 17, 2009
Bank of India	Bank	5000.00	2.55	28.86	5483.40	6 days or more	Nationwide	Sep 17, 2009
Bank Average		3875.00	1.82	22.21	4219.90
MTO Average		1250.00	2.55	9.13	1734.70
Total Average		3000.00	2.06	17.85	3391.50

	Total cost
Firm name	Firm type	Fee (JPY)	Exchange rate margin (%)	Percent (%)	JPY	Transfer speed	Network Coverage	Date
Money Gram	MTO	1500.00	0.67	3.80	1824.00	Less than one hour	Nationwide	Sep 17, 2009
Japan Post Bank	Bank	2500.00	0.91	6.12	2937.60	6 days or more	Nationwide	Sep 17, 2009
Remit2india.com	MTO	1000.00	4.42	6.51	3124.80	N/A	Nationwide	Sep 17, 2009
Citibank	Bank	4000.00	0.91	9.24	4435.20	6 days or more	Nationwide	Sep 17, 2009
State Bank of India	Bank	4000.00	2.90	11.24	5395.20	2 days	Nationwide	Sep 17, 2009
Bank of India	Bank	5000.00	2.55	12.97	6225.60	6 days or more	Nationwide	Sep 17, 2009
Bank Average		3875.00	1.82	9.89	4747.20
MTO Average		1250.00	2.55	5.15	2472.00
Total Average		3000.00	2.06	8.31	3988.80

200500

				Total cost
Firm name	Firm type	Fee (USD)	Exchange rate margin (%)	Percent (%)	USD	Transfer speed	Network Coverage	Date
Money Gram	MTO	15.79	0.67	8.57	17.14	Less than one hour	Nationwide	Sep 17, 2009
Remit2india.com	MTO	10.53	4.42	9.69	19.38	N/A	Nationwide	Sep 17, 2009
Japan Post Bank	Bank	26.32	0.91	14.07	28.14	6 days or more	Nationwide	Sep 17, 2009
Citibank	Bank	42.11	0.91	21.96	43.92	6 days or more	Nationwide	Sep 17, 2009
State Bank of India	Bank	42.11	2.90	23.96	47.92	2 days	Nationwide	Sep 17, 2009
Bank of India	Bank	52.63	2.55	28.86	57.72	6 days or more	Nationwide	Sep 17, 2009
Bank Average		40.79	1.82	22.21	44.42
MTO Average		13.16	2.55	9.13	18.26
Total Average		31.58	2.06	17.85	35.70

	Total cost
Firm name	Firm type	Fee (USD)	Exchange rate margin (%)	Percent (%)	USD	Transfer speed	Network Coverage	Date
Money Gram	MTO	15.62	0.67	3.80	19.00	Less than one hour	Nationwide	Sep 17, 2009
Japan Post Bank	Bank	26.04	0.91	6.12	30.60	6 days or more	Nationwide	Sep 17, 2009
Remit2india.com	MTO	10.42	4.42	6.51	32.55	N/A	Nationwide	Sep 17, 2009
Citibank	Bank	41.67	0.91	9.24	46.20	6 days or more	Nationwide	Sep 17, 2009
State Bank of India	Bank	41.67	2.90	11.24	56.20	2 days	Nationwide	Sep 17, 2009
Bank of India	Bank	52.08	2.55	12.97	64.85	6 days or more	Nationwide	Sep 17, 2009
Bank Average		40.36	1.82	9.89	49.45
MTO Average		13.02	2.55	5.15	25.75
Total Average		31.25	2.06	8.31	41.55

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