RemitFee

State Bank of India · India → Japan

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

At ₹1,00,000, State Bank of India charges ₹180 — the cheapest of 6 banks for JPY (₹885 less than the next-cheapest, ICICI Bank).

Last updated 7 Oct 2026

Fee breakdown

  • Branch Commission ₹0
  • Correspondent Charge Remitter ₹0
  • GST Exchange ₹180
  • Total at ₹1,00,000₹180

JPY rate trend at State Bank of India

Today State Bank of India sells JPY at ₹0.6165 (TT Selling) and buys it at ₹0.6034 (TT Buying). The selling rate is +0.0018 (+0.29%) since 28 Sep and +0.0151 (+2.51%) since 1 Sep.

  • 30-day TT Selling range: ₹0.6133 – ₹0.6266 across 10 refreshes.
  • ₹1,00,000 bought between 159591.45 and 163052.34 JPY over that window, before charges.
State Bank of India JPY TT selling and TT buying rates, last 90 days9 Jul: TT Selling ₹0.5941 · TT Buying ₹0.581610 Jul: TT Selling ₹0.5967 · TT Buying ₹0.584116 Jul: TT Selling ₹0.6004 · TT Buying ₹0.587820 Jul: TT Selling ₹0.6002 · TT Buying ₹0.587629 Jul: TT Selling ₹0.5911 · TT Buying ₹0.578731 Jul: TT Selling ₹0.6035 · TT Buying ₹0.59071 Aug: TT Selling ₹0.6130 · TT Buying ₹0.59984 Aug: TT Selling ₹0.6118 · TT Buying ₹0.59877 Aug: TT Selling ₹0.6098 · TT Buying ₹0.596824 Aug: TT Selling ₹0.6086 · TT Buying ₹0.59571 Sep: TT Selling ₹0.6014 · TT Buying ₹0.588611 Sep: TT Selling ₹0.6266 · TT Buying ₹0.613014 Sep: TT Selling ₹0.6266 · TT Buying ₹0.613021 Sep: TT Selling ₹0.6184 · TT Buying ₹0.605223 Sep: TT Selling ₹0.6158 · TT Buying ₹0.602624 Sep: TT Selling ₹0.6133 · TT Buying ₹0.600228 Sep: TT Selling ₹0.6147 · TT Buying ₹0.60151 Oct: TT Selling ₹0.6137 · TT Buying ₹0.60065 Oct: TT Selling ₹0.6161 · TT Buying ₹0.60296 Oct: TT Selling ₹0.6164 · TT Buying ₹0.60327 Oct: TT Selling ₹0.6165 · TT Buying ₹0.60340.630.589 Jul7 Oct
TT Selling (when you send)TT Buying (when you receive)21 refreshes · INR per 1 JPY · hover a point for its values

All State Bank of India forex rates today →

What's specific to JPY at State Bank of India

  • Branch Commission: not published for JPY (the bank lists USD, GBP, EUR, AUD, CAD, SGD, NZD, AED only), so our total carries ₹0 for this line — expect the branch to quote it.
  • Correspondent Bank Charge (Remitter mode): not published for JPY (the bank lists USD, GBP, EUR, AUD, CAD, SGD, NZD, AED only), so our total carries ₹0 for this line — expect the branch to quote it.
  • Charge modes for JPY: Payee, Remitter. Guaranteed is not offered for JPY.

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 the cheapest of 6 banks for sending JPY — by ₹885 vs the next bank (ICICI Bank).

See the full side-by-side →

State Bank of India — Things to know

Applies to:Sending money abroad as an individual retail customer via SBI YONO or Internet Banking (rules effective 1 May 2025). The total shown is the Remitter mode, where the recipient gets the full amount; the mode table compares the Payee and Guaranteed options. Currencies outside YONO's 8-currency set are branch-only and not modelled here.

  • SBI's own fee is nil. Since 1 May 2025 SBI charges individuals no commission and waives SWIFT for retail — what you pay is the per-currency Branch Commission and correspondent charge, plus GST.↗
  • Three ways to split the fees. At YONO you choose who bears the SWIFT charges: Payee (the recipient absorbs the Branch Commission + correspondent, so USD 1,000 lands as ~USD 989), Remitter (you pay both in INR, recipient gets the full amount), or Guaranteed (USD/EUR/GBP only, full delivery).↗
  • Most currencies are branch-only. Only 8 currencies are priced online; the other 13 (CHF, HKD, JPY, THB, SAR, OMR, BHD, KWD, QAR, DKK, NOK, SEK, ZAR) are branch-only and not modelled here.
  • TCS on large transfers. For general purposes, 20% TCS applies on LRS spending above ₹10 lakh a year — refundable as a tax credit at ITR time.
▸Show 4 more notes

Other things to know

  • Rates suit larger transfers. SBI's card rates target the ₹10–20 lakh band; smaller amounts may be quoted differently at the branch.↗

Other ways to save

  • Pick 'Payee' on big transfers. Choosing Payee lets you skip paying the Branch Commission and correspondent charge in INR — the recipient gets that much less, which stings least on large amounts.
  • Medical & education loans are free. SBI waives outward charges for Medical purposes and Education Loan disbursement — declare the purpose if it qualifies.↗
  • Send from FCNR/NRE to save. Outward transfers from an FCNR(B) or NRE account skip the out-of-pocket charges — only the correspondent fee applies.

FAQ — State Bank of India to Japan

What is State Bank of India's JPY rate today?

₹0.6165 per JPY is State Bank of India's TT Selling rate today — the rate applied when you send — and ₹0.6034 is its TT Buying rate for money you receive. The selling rate is +0.0018 (+0.29%) since 28 Sep. The full sheet with a 90-day chart is on the State Bank of India forex rates page.

How much does State Bank of India charge to send JPY to Japan?

On a ₹1,00,000 outward remittance, State Bank of India's all-in cost today is ₹180 — 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 State Bank of India the cheapest bank to send JPY to Japan?

Yes — at ₹1,00,000, State Bank of India is the cheapest of 6 banks in our coverage for JPY, ₹885 less than the next-cheapest (ICICI Bank). Rankings shift when rates refresh, so check the comparison above for today's order.

How long does a State Bank of India transfer to Japan take?

A standard SWIFT / TT outward remittance from State Bank of India 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 State Bank of India?

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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