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Adsense Checks in India

Which bank clears it the fastest?

     
9:16 am on Oct 25, 2004 (gmt 0)

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I was just curious to know about which is the quickest route to get your adsense checks cleared in India. I had tried HDFC Bank, they took 31 days to clear it. I shifted to UTI Bank and they do it a lot quicker - between 7-10 days. Anyone with feedback on other banks?
9:24 am on Oct 25, 2004 (gmt 0)

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Well ABN Amro takes 40 days and Citibank takes 3 weeks. I guess 3 weeks is the minimum time for all US checks to clear in India.
11:31 am on Oct 25, 2004 (gmt 0)

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Yes, this is what surprises me. Most bigger names in India's banking industry take at least 3-4 weeks to clear US checks. But UTI Bank manages to clear it in 10 days flat (within 7 days in one instance). I don't know how they manage to do it, but I am certainly not complaining!
11:32 am on Oct 25, 2004 (gmt 0)

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SBI takes nearly 45 days plus you have to submit a form declaring foreign exchange.
Regarding UTI Do we have to fill any form or just a check

kk

11:47 am on Oct 25, 2004 (gmt 0)

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No forms or declarations with UTI except for the usual check deposit slip. I believe SBI takes away a chunk as commissions (around 15 USD) per transaction - for both check deposits as well as wire transfers.
1:30 pm on Oct 25, 2004 (gmt 0)

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Sahuman, is it a normal savings account you have with UTI Bank for clearing your adsense checks?
2:03 pm on Oct 25, 2004 (gmt 0)

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wanderingmind - a normal savings account.
3:55 am on Oct 26, 2004 (gmt 0)

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Wow 10 days is pretty fast. Are you sure about it because as far as I know all banks take 3-4 weeks. As all foreign checks are routed through RBI.
12:58 pm on Oct 26, 2004 (gmt 0)

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I guess I will try with UTI bank now. 10 days, and no extra paperwork is brilliant!
 

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