Send Money to Japan

Japan hosts a smaller but rapidly growing Indian community, with around 53,000 Indians now living across the country. Tokyo, and particularly the Nishikasai neighbourhood often called Little India, anchors the community, alongside Yokohama, Osaka, Nagoya, and Kobe.

The corridor is driven overwhelmingly by skilled employment. Japan's ageing workforce and technology talent shortage have opened doors for Indian engineers, IT specialists, and researchers, supported by government-backed visa pathways. A growing number of Indian students also enrol at universities such as the University of Tokyo, Kyoto University, and Tohoku University.

These ties make sending money to Japan a regular requirement. Tokyo and Osaka rank among the world's most expensive cities, so tuition, rent deposits, and initial settlement costs often involve substantial transfers in JPY.

Even small differences in exchange rates or fees can meaningfully affect the final amount received. BookMyForex helps you send money to Japan securely and efficiently, with better exchange rates, faster processing, and complete transparency at every step. 

Indian remittances to Japan cluster around its technology and academic centres. Greater Tokyo receives the highest volume by a wide margin, home to the Nishikasai Indian community, the majority of IT and engineering employers, and leading universities. Yokohama attracts transfers linked to engineering and manufacturing professionals.

Osaka and Kobe see steady inflows tied to trade, shipping, and a long-established Indian merchant community. Nagoya receives transfers connected to the automotive and precision manufacturing sectors, while Kyoto and Sendai are linked to students and researchers at national universities. Fukuoka sees smaller inflows tied to its technology sector. 

Accurate beneficiary details, including the account number, branch name, branch code, and the bank's SWIFT code, are essential, as Japanese banks also verify the recipient's name in katakana.

Most recipients hold accounts with major banks such as MUFG, SMBC, Mizuho, or Japan Post Bank, making bank-to-bank transfers the preferred and most reliable method. Cash pickups are rare. Funds sent from India are credited in JPY, allowing recipients to use the money immediately for rent, key money, tuition fees, or everyday expenses. 

As per the Union Budget 2026, Tax Collected at Source (TCS) applies to outward remittances under LRS based on the purpose and amount of transfer. Here are the applicable TCS rates:

● Education via education loan: 0% TCS (any amount)
● Self-funded education & medical treatment: Nil up to ₹10 lakh; 2% above ₹10 lakh
● All other outward remittances: Nil up to ₹10 lakh; 20% above ₹10 lakh

Note: TCS is not a final tax, it can be claimed as credit when filing your ITR. BookMyForex auto-calculates applicable TCS at checkout so there are no surprises.

 Know More About TCS →