Remittance Prices Worldwide

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Sending money from JAPAN to INDIA

Data collected on: Mar 26, 2021
JPY | USD
Payment instrument
Access point
Sending network coverage
Transfer speed
<em>Transfer Speed</em> has been standardized in six broad categories.
Receiving method
Exchange rate margin (%)
The exchange rate margin is the cost resulting from the fact that the firm applies a rate that is different from the market reference rate. The margin is the percentage difference between the market reference rate and the exchange rate actually applied to the transaction.
Total cost (%)
The total cost of sending a remittance transfer includes: the fee charged to the sender plus the exchange rate margin.
Total cost (JPY)Total cost (USD)
The total cost of sending a remittance transfer includes: the fee charged to the sender plus the exchange rate margin.
Bank of India
Firm type: Bank
Payment instrument
Access point
Bank branch, Call Center, Internet
Sending network coverage
High
Receiving method
High
2,000.0023.53
2.04
Percentage difference between market reference rate 0.66 and exchange rate charged 0.65
2.04
13.8013.80
2,346.0027.60
Bank of India
Firm type: Bank
Payment instrument
Access point
Bank branch, Call Center, Internet
Sending network coverage
High
Receiving method
High
1,500.0017.65
2.04
Percentage difference between market reference rate 0.66 and exchange rate charged 0.65
2.04
10.8610.86
1,846.2021.72
Bank of India
Firm type: Bank
Payment instrument
Access point
Bank branch, Call Center, Internet
Sending network coverage
High
Receiving method
High
5,000.0058.82
0.99
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
0.99
30.4030.40
5,168.0060.80
Brastel Remit
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Internet
Sending network coverage
High
Receiving method
Agent
High
780.009.18
0.93
Percentage difference between market reference rate 0.66 and exchange rate charged 0.66
0.93
5.525.52
938.4011.04
GoRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Call Center, Internet
Sending network coverage
High
Receiving method
High
2,000.0023.53
1.56
Percentage difference between market reference rate 0.66 and exchange rate charged 0.65
1.56
13.3213.32
2,264.4026.64
GoRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Call Center, Internet
Sending network coverage
High
Receiving method
High
2,000.0023.53
1.01
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
1.01
12.7712.77
2,170.9025.54
Japan Post Bank
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
High
Receiving method
Agent
High
7,500.0088.24
1.88
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
1.88
45.9945.99
7,818.3091.98
Japan Post Bank
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
3,000.0035.29
1.88
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
1.88
19.5219.52
3,318.4039.04
JME
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
850.0010.00
0.96
Percentage difference between market reference rate 0.66 and exchange rate charged 0.66
0.96
5.965.96
1,013.2011.92
JRF
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
Medium
850.0010.00
1.12
Percentage difference between market reference rate 0.66 and exchange rate charged 0.66
1.12
6.126.12
1,040.4012.24
Kotak Click2Remit
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
0.000.00
1.69
Percentage difference between market reference rate 0.66 and exchange rate charged 0.65
1.69
1.691.69
287.303.38
Kyodai
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
880.0010.35
1.80
Percentage difference between market reference rate 0.66 and exchange rate charged 0.65
1.80
6.986.98
1,186.6013.96
NTT Docomo
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Call Center, Internet
Sending network coverage
High
Receiving method
High
1,000.0011.76
-0.14
Percentage difference between market reference rate 0.66 and exchange rate charged 0.66
-0.14
5.745.74
975.8011.48
SBI remit
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
600.007.06
1.49
Percentage difference between market reference rate 0.66 and exchange rate charged 0.65
1.49
5.025.02
853.4010.04
Seven Bank
Firm type: Bank
Payment instrument
Access point
Bank branch, Call Center, Internet
Sending network coverage
High
Receiving method
Agent
High
1,500.0017.65
4.63
Percentage difference between market reference rate 0.66 and exchange rate charged 0.63
4.63
13.4513.45
2,286.5026.90
State Bank of India
Firm type: Bank
Payment instrument
Access point
Bank branch, Call Center, Internet
Sending network coverage
High
Receiving method
High
2,000.0023.53
1.88
Percentage difference between market reference rate 0.66 and exchange rate charged 0.65
1.88
13.6413.64
2,318.8027.28
State Bank of India
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Low
Receiving method
High
5,000.0058.82
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.00
0.00
29.4129.41
4,999.7058.82
State Bank of India
Firm type: Bank
Payment instrument
Access point
Bank branch, Call Center, Internet
Sending network coverage
High
Receiving method
High
4,000.0047.06
0.99
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
0.99
24.5224.52
4,168.4049.04
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
High
0.000.00
1.06
Percentage difference between market reference rate 0.66 and exchange rate charged 0.66
1.06
1.061.06
180.202.12
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Medium
Receiving method
Agent
High
1,500.0017.65
1.06
Percentage difference between market reference rate 0.66 and exchange rate charged 0.66
1.06
9.889.88
1,679.6019.76
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Agent
High
390.004.59
1.06
Percentage difference between market reference rate 0.66 and exchange rate charged 0.66
1.06
3.363.36
571.206.72
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
525.006.18
1.35
Percentage difference between market reference rate 0.66 and exchange rate charged 0.66
1.35
4.444.44
754.808.88
Total Average First Quarter
12.8812.88
Total Average Fourth Quarter 2020
12.5312.53
Total Average
Fee
1,948.8622.93
Exchange Rate Margin (%)
1.421.42
Total Cost Percent (%)
12.8812.88
Total Cost (JPY) Total Cost (USD)
2,190.3025.77
Non-Transparent records
Bank account transfer Debit/credit card Cash
Less than one hour Same day Next day 2 days 3-5 days 6 days or more
Bank account Cash Own/partner bank account
Payment instrument
Access point
Sending network coverage
Receiving method
Bank of India
Firm type: Bank
Payment instrument
Access point
Bank branch, Call Center, Internet
Sending network coverage
High
Receiving method
High
2,000.0023.81
2.04
Percentage difference between market reference rate 0.66 and exchange rate charged 0.65
2.04
6.806.80
2,856.0034.00
Bank of India
Firm type: Bank
Payment instrument
Access point
Bank branch, Call Center, Internet
Sending network coverage
High
Receiving method
High
1,500.0017.86
2.04
Percentage difference between market reference rate 0.66 and exchange rate charged 0.65
2.04
5.615.61
2,356.2028.05
Bank of India
Firm type: Bank
Payment instrument
Access point
Bank branch, Call Center, Internet
Sending network coverage
High
Receiving method
High
5,000.0059.52
0.99
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
0.99
12.8912.89
5,413.8064.45
Brastel Remit
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Internet
Sending network coverage
High
Receiving method
Agent
High
1,280.0015.24
0.93
Percentage difference between market reference rate 0.66 and exchange rate charged 0.66
0.93
3.983.98
1,671.6019.90
GoRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Call Center, Internet
Sending network coverage
High
Receiving method
High
2,000.0023.81
1.56
Percentage difference between market reference rate 0.66 and exchange rate charged 0.65
1.56
6.326.32
2,654.4031.60
GoRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Call Center, Internet
Sending network coverage
High
Receiving method
High
2,000.0023.81
1.01
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
1.01
5.775.77
2,423.4028.85
Japan Post Bank
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
High
Receiving method
Agent
High
7,500.0089.29
1.88
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
1.88
19.7319.73
8,286.6098.65
Japan Post Bank
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
3,000.0035.71
1.88
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
1.88
9.029.02
3,788.4045.10
JME
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
1,000.0011.90
0.96
Percentage difference between market reference rate 0.66 and exchange rate charged 0.66
0.96
3.343.34
1,402.8016.70
JRF
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
Medium
850.0010.12
1.12
Percentage difference between market reference rate 0.66 and exchange rate charged 0.66
1.12
3.153.15
1,323.0015.75
Kotak Click2Remit
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
0.000.00
1.69
Percentage difference between market reference rate 0.66 and exchange rate charged 0.65
1.69
1.691.69
709.808.45
Kyodai
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
880.0010.48
1.80
Percentage difference between market reference rate 0.66 and exchange rate charged 0.65
1.80
3.893.89
1,633.8019.45
NTT Docomo
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Call Center, Internet
Sending network coverage
High
Receiving method
High
1,000.0011.90
-0.14
Percentage difference between market reference rate 0.66 and exchange rate charged 0.66
-0.14
2.242.24
940.8011.20
SBI remit
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
600.007.14
1.49
Percentage difference between market reference rate 0.66 and exchange rate charged 0.65
1.49
2.922.92
1,226.4014.60
Seven Bank
Firm type: Bank
Payment instrument
Access point
Bank branch, Call Center, Internet
Sending network coverage
High
Receiving method
Agent
High
1,500.0017.86
4.63
Percentage difference between market reference rate 0.66 and exchange rate charged 0.63
4.63
8.208.20
3,444.0041.00
State Bank of India
Firm type: Bank
Payment instrument
Access point
Bank branch, Call Center, Internet
Sending network coverage
High
Receiving method
High
2,000.0023.81
1.88
Percentage difference between market reference rate 0.66 and exchange rate charged 0.65
1.88
6.646.64
2,788.8033.20
State Bank of India
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Low
Receiving method
High
5,000.0059.52
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.00
0.00
11.9011.90
4,998.0059.50
State Bank of India
Firm type: Bank
Payment instrument
Access point
Bank branch, Call Center, Internet
Sending network coverage
High
Receiving method
High
4,000.0047.62
0.99
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
0.99
10.5110.51
4,414.2052.55
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
High
0.000.00
1.06
Percentage difference between market reference rate 0.66 and exchange rate charged 0.66
1.06
1.061.06
445.205.30
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Medium
Receiving method
Agent
High
1,500.0017.86
1.06
Percentage difference between market reference rate 0.66 and exchange rate charged 0.66
1.06
4.634.63
1,944.6023.15
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Agent
High
390.004.64
1.06
Percentage difference between market reference rate 0.66 and exchange rate charged 0.66
1.06
1.991.99
835.809.95
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
700.008.33
1.35
Percentage difference between market reference rate 0.66 and exchange rate charged 0.66
1.35
3.013.01
1,264.2015.05
Total Average First Quarter
6.156.15
Total Average Fourth Quarter 2020
6.096.09
Total Average
Fee
1,986.3623.65
Exchange Rate Margin (%)
1.421.42
Total Cost Percent (%)
6.156.15
Total Cost (JPY) Total Cost (USD)
2,582.8130.75
Non-Transparent records
Bank account transfer Debit/credit card Cash
Less than one hour Same day Next day 2 days 3-5 days 6 days or more
Bank account Cash Own/partner bank account