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Axis Bank · India → Japan

Axis Bank to Japan: what it actually costs to send JPY from India

At ₹1,00,000, Axis Bank charges ₹9,620 — the 6th-cheapest of 6 banks for JPY. State Bank of India is ₹9,440 cheaper.

Last updated 7 Oct 2026

Fee breakdown

  • Commission ₹1,000
  • Correspondent Charge ₹7,000
  • GST Commission ₹1,440
  • GST Exchange ₹180
  • Total at ₹1,00,000₹9,620

JPY rate trend at Axis Bank

Today Axis Bank sells JPY at ₹0.6319 (TT Selling) and buys it at ₹0.5920 (TT Buying). The selling rate is +0.0002 (+0.03%) since 30 Sep.

  • 30-day TT Selling range: ₹0.6263 – ₹0.6396 across 11 refreshes.
  • ₹1,00,000 bought between 156347.72 and 159667.89 JPY over that window, before charges.
Axis Bank JPY TT selling and TT buying rates, last 90 days14 Sep: TT Selling ₹0.6396 · TT Buying ₹0.599721 Sep: TT Selling ₹0.6307 · TT Buying ₹0.590823 Sep: TT Selling ₹0.6264 · TT Buying ₹0.586524 Sep: TT Selling ₹0.6263 · TT Buying ₹0.586428 Sep: TT Selling ₹0.6279 · TT Buying ₹0.588029 Sep: TT Selling ₹0.6311 · TT Buying ₹0.591230 Sep: TT Selling ₹0.6317 · TT Buying ₹0.59181 Oct: TT Selling ₹0.6266 · TT Buying ₹0.58672 Oct: TT Selling ₹0.6266 · TT Buying ₹0.58675 Oct: TT Selling ₹0.6289 · TT Buying ₹0.58907 Oct: TT Selling ₹0.6319 · TT Buying ₹0.59200.640.5914 Sep7 Oct
TT Selling (when you send)TT Buying (when you receive)11 refreshes · INR per 1 JPY · hover a point for its values

All Axis Bank forex rates today →

What's specific to JPY at Axis Bank

  • Correspondent Bank Charge (OUR) for JPY is tiered by amount — up to JPY 10,000: ₹2,500; up to JPY 50,000: ₹3,500; up to JPY 1,00,000: ₹5,000; above JPY 1,00,000: ₹7,000.

Receiving in Japan

  • Japanese accounts are identified by the bank code, branch code, 7-digit account number and account type (ordinary/futsu); the SWIFT/BIC code routes the wire. Beneficiary names are often required in katakana exactly as registered with the bank.
  • Japanese banks commonly charge the recipient an incoming international remittance fee (often JPY 1,500–2,500 at the megabanks), and a separate "lifting charge" may apply; confirm with the beneficiary's bank.
  • Japan Post Bank and some online banks have their own SWIFT arrangements; get the exact wiring details from the beneficiary rather than from a bank website.

Japan is 3.5 hours ahead of IST; a transfer sent in the Indian morning often credits the next Japanese business day.

How this compares

State Bank of India is ₹9,440 cheaper than Axis Bank for sending JPY to Japan.

See the full side-by-side →

Axis Bank — Things to know

Applies to:Resident Individual, Send Money Abroad via Internet/Mobile Banking or branch, OUR correspondent option.

  • Digital waiver removed. The Sep 2026 schedule charges ₹1,000 + GST commission on digital remittances; the earlier online waiver is gone, though many guides and an older Axis PDF still say digital is free.↗
  • BEN shifts charges downstream. Choosing BEN removes the correspondent charge from your debit, but correspondent banks deduct their own unpublished charges from what the beneficiary receives.↗
  • GST is charged twice. You pay 18% GST on the commission and the correspondent charge, plus a separate slab GST on the amount converted (₹45 minimum, ₹10,800 cap).↗
  • TCS on large transfers. For general purposes, 20% TCS applies on LRS spending above ₹10 lakh a year (2% for education and medical) — refundable as a tax credit at ITR time.↗
▸Show 3 more notes

Other things to know

  • Assured Pay is branch-only. Guaranteed full-value delivery costs USD 15 on top of OUR charges, is USD-only, and — like the SHA option — is available only at a branch.
  • Returned transfers cost extra. Correspondent-bank charges on transfers rejected or returned due to incorrect details are recovered from the remitter.

Other ways to save

  • NR accounts: OUR is free. Correspondent bank charges under the OUR option are NIL for outward remittances from Non-Resident accounts.↗

FAQ — Axis Bank to Japan

What is Axis Bank's JPY rate today?

₹0.6319 per JPY is Axis Bank's TT Selling rate today — the rate applied when you send — and ₹0.5920 is its TT Buying rate for money you receive. The selling rate is +0.0002 (+0.03%) since 30 Sep. The full sheet with a 90-day chart is on the Axis Bank forex rates page.

How much does Axis Bank charge to send JPY to Japan?

On a ₹1,00,000 outward remittance, Axis Bank's all-in cost today is ₹9,620 — commission, SWIFT / correspondent charges and 18% GST included, computed at the bank's own TT Selling rate for JPY. The fee breakdown above shows every line item.

Is Axis Bank the cheapest bank to send JPY to Japan?

No — State Bank of India is currently ₹9,440 cheaper than Axis Bank for JPY to Japan at ₹1,00,000. Axis Bank ranks 6th of 6 banks in our coverage for this corridor.

How long does a Axis Bank transfer to Japan take?

A standard SWIFT / TT outward remittance from Axis Bank to a beneficiary in Japan typically settles in 1–3 working days, depending on correspondent-bank routing.

What do I need to send money to Japan with Axis Bank?

You'll need PAN, a signed A2 form (LRS declaration) with a purpose code, the beneficiary's bank details in Japan, and proof of source of funds for larger amounts. TCS at 20% applies above ₹10 lakh per financial year for most non-education purposes and is claimable in your ITR.

Run your own numbers

TRANSFER

You pay in INR; recipient receives USD.

USD

Used to determine if this transfer crosses the ₹10L TCS threshold.

Best deal: Indian Overseas Bank. You save ₹3,948.89 vs the most expensive.

INR / 1 USD

TT Selling rate from Indian Overseas Bank's published forex sheet — edit to model a quoted rate.

BREAKDOWN

Outward remittance

Amount being sent
₹96,890.00

$1,000.00 × ₹96.89

Outward Remittance Commission (0.075%)
₹250.00
Swift Payment Message
₹500.00
GST on Commission + Swift (18%)
₹135.00
GST on Amount Exchanged
₹174.40
Total charges
₹1,059.40

Total payable (INR)

₹97,949.40

TCS is refundable when you file your ITR — it's a tax credit, not a fee.

Estimate only. Correspondent-bank charges are included only where the bank publishes them (Kotak, Axis, SBI); elsewhere they are a pass-through not shown here. Exchange rates shown are indicative. Mid-market rates by Exchange Rate API, updated daily.

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